<p>Is 50k in college debt too much for a business major at Pace University? What about a journalism major?</p>
<p>In my opinion, yes it is. But maybe for you it won’t be. Good luck!</p>
<p>My parent’s said if it’s more than your starting salary…it’s too much.</p>
<p>But it depends on your personal situation and economic background</p>
<p>I think that is too much for any major (besides med/law school). People don’t fully understand how much of a burden that kind of debt is. Especially if you have trouble finding a job after college. In this economy it is hard to say if you will have a job coming out of college. Having to pay $700 per month for the next decade would be no fun, especially for a young person just starting out their life. If you have to take out loans to cover that 50k, don’t do it.</p>
<p>Unless you are rich, then go for it.</p>
<p>Yes, it is.</p>
<h2>I wouldnt take out more that $30k in loans, also I wouldnt major in journalism if you are worried about debt </h2>
<p>You should look at CUNY Baruch or other CUNYs – it would be a similiar environment and probably less debt.</p>
<p>5K is too much for PACE</p>
<p>You’re getting mixed answers. I just wanted to make sure - you mean 50K TOTAL, not 50K per year? Because if you mean 50K per year, the answers will suddenly NOT be mixed.</p>
<p>Good luck!</p>
<p>newly graduated journalism majors rarely earn enough to make the payments on such loans. You’ll be lucky enough to have an income that pays for your normal living expenses. </p>
<p>The loan payments would be like making two additional car payments for 10 long years.</p>
<p>*Im an incoming college freshman from long island and I’ve officially narrowed my college search down to these 3 schools, Stony, Pace and St Johns. I plan on majoring in journalism with a possible minor or dual-major in business. </p>
<p>Stony Brook
Pros:
very good journaLism school
Cheap tuition
5-year journalism degree and MBA program
Journalism school has small-school feel within a big school
Great reputation
Journalism without walls program allows me to get great real-world journalism experience while studying abroad
By far best school I was accepted to overall</p>
<p>Cons:
poor social life
I don’t really want to live on long island anymore
Commuter school/a lot of students go home on weekend
Nerdy student body(not to be mean or judgmental, but that’s kind of the feeling I get with this school)
Boring surrounding area</p>
<p>Estimated graduation debt: $25,000</p>
<p>Pace university:
Pros:
Location, location, location
It has always been my dream to live in NYC
NYC gives great internship opportunity
Great social life
Puts me in a place where feature stories are easy to find
Decent business school if I decide to go that route
Did I mention NYC?</p>
<p>Cons:
High tuition
Not a great reputation
Unsure about journalism program overall</p>
<p>Estimated graduation debt: $45,000</p>
<p>St Johns
Pros:
Awesome study abroad program
Nice campus
Collegey feel
Lots to do on campus
Generally nice dorms
Great sports teams
Pretty well-known name
Very close to NYC
Pretty fun social life</p>
<p>Cons:
Expensive
Unsure about quality of both business and journalism programs
Poor reviews online/unhappy student body</p>
<p>estimated graduation debt: $55,000</p>
<p>I would dorm at all 3 universities, so which would you choose? I feel like all 3 present me with 3 completely unique opportunities and all 3 are very different. Any input would be greatly appreciated as decision time is getting closer and I’m still not sure yet. Thank you.*</p>
<p>It’s silly to borrow a bunch more money just to pay for “social aspects”. Besides, it sounds like Stoney has a “school within a school” atmosphere which usually lends itself to a better social life. </p>
<p>Can you detail what you got from Stoney? How much are your parents contributing? </p>
<p>How much can you earn over the summer?</p>
<p>Go to stony Brook. Its better than Pace. More than 40k debt for undergrad won’t be manageable.</p>
<p>Definitely too much.</p>
<p>But here’s the thing mom2collegekids, if I major in business than pace is a better school than stony, plus you have to be accepted into stony’s business program which I haven’t been yet. Lately I’ve been thinking that it might be in my best interest to major in business and minor in journalism so I could make more money out of college and not have to move back home. I enjoy business as well(I’d probably choose finance) so it’s not like I’d be making myself miserable and I still think I’d have a chance to one day break into journalism without getting the degree, especially in this Internet journalism era.</p>
<p>One question I have: How many years do you have to pay off your student loans over? If I could do it over 30 years (for either school) then I could make lower payments right away then start paying them off more when I have more money. How do student loans generally work?</p>
<p>Or even a double major in business and journalism perhaps</p>
<p>If I could do it over 30 years (for either school</p>
<p>ha! You want to paying off student loans when it’s time for you to RETIRE? Do you realize how much you’ll have paid by that point?</p>
<p>Usually you pay over 10 years.</p>
<p>I meant do that so it’s lees at first than knock it out when I have more money</p>
<p>If you major in journalism, you’ll never have any money 
Think bigger picture here - what will the job market for journalists be in 20 years?</p>
<p>Don’t take on that kind of debt. FWIW, I’m a former journalist with lots of great stories and no money. </p>
<p>You don’t need a degree in journalism to be a journalist, either. If you’re going into debt at all, make sure you can at least teach after graduation, and look into loan forgiveness programs.</p>
<p>I don’t believe that journalism is becoming extinct. How could that ever happen? People will always need the news. If anything, in the Internet era it is being reinvented. I do agree with you that you don’t necessarily need a degree in journalism to be a journalist, but you can really say that about any field. I do know that journalism salaries are not very high, which is why I’m considering pursuing my other, lesser passion in business for the time being.</p>