<p>as i am thinking about colleges i am going to apply to i have run into a dilemma...</p>
<p>if i were to be accepted to a school such as university of michigan per say whcih is number 5 or 6 business school in the country and i was accepted to college of new jersey (an unranked school) which would be the better choice?</p>
<p>its easy to think right away umich but there are other factors. My parnets can not pay for anything so the question is... is it worth taking out a 150,000 dollar loan to attend umich a top school, or is it better to save that 100,000 dollars and just spend 50,000 on a state school like TCNJ... i dont really no wat to do and if its worth putting money down for a top school</p>
<p>If it were between UMich and, say, Maryland, I would probably advise you to just goto Maryland if it were significantly cheaper. However, the gap between UMich and TCNJ is pretty large and I think the former will open more doors for you.</p>
<p>I don't know much about the business school, but what you could do is go to TCNJ. After graduating, you can work for a few years, and then apply to Ross's MBA program. That way you don't have to pay so much interest.</p>
<p>to ccrunner123
i am looking at going to grad school after
but wat i was really getting at is...</p>
<p>if i go to tcnj and do well can i just apply to a good mba program instead of going to umich paying so much money to go to the same grad program</p>
<p>i am not sure if its worth being in so much debt at age 22.. do u no wat i mean</p>
<p>I second what maea said above. If money is a big factor, I don't think Umich is worth the OOS tuition. Go the more inexpensive route, and transfer after 2 years if you still want to.</p>
<p>First of all, Ross is one of the top 2 or 3 (not 5 or 6) undergraduate Business porograms in the nation. Only Wharton is considered better, and even then, only by the slightest of margins. </p>
<p>Secondly, even Harvard isn't worth a $150,000 debt. $40,000 or $50,000 maybe, but never more than that.</p>
<p>If you transfer to Ross after two years at TCNJ, you are still looking at paying for 3 years OOS at Ross. I doubt if UofM gives much scholarships for transfers.</p>
<p>I agree with hoedown, starting your career with $100K in debt is really tough. I can only see that if you were going to medical school.</p>
<p>
[quote]
is it worth taking out a 150,000 dollar loan to attend umich a top school,
[/quote]
</p>
<p>I'm not sure if it's a question of is it worth it as much as is it possible. I don't think you can take out a loan that large for college expenses. I'm not really familiar with the situation, but I think you have to hope for a lot of financial aid. For sure you as a teenager cannot take a loan that large, you'll have your parents do it for you (at the least cosign it.) So in a way they are going to have to be funding it anyway, with the promise that you'll be paying it off. </p>
<p>If I were you I would investigate if loans this large for an undergrad education are possible.</p>
<p>If you want to go into business, Ross will give you much better connections than TCNJ. If you were going to law school, med school, or pursuing academia, I'd stick with TCNJ since it offers a solid education.</p>
<p>But connections are very important in business. You want your degree to open doors.</p>