Trying to make the correct decision gor my son, Uconn storrs for computer science with a balance of 25-33k a year or Ualbany for 10K.
Will the education at the end really make such a difference and if so will he be-able to pay for it in the end
Are both colleges affordable? If so, please let your son make this decision. You allowed him to apply to both schools. Did you put some cost restrictions on his ability to attend if he got accepted?
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“A balance of” means the net price, or the amount of debt?
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I’m sure both are fine but check career outcomes to see if there’s a marked difference.
UCONN, in part due to basketball, is the more national name but that’s likely of little impact. You may have to re-filter but CS is in School of engineering
I don’t see a SUNY Albany report but contact the career center. They’ll have one or the Dept of CS so you can compare.
Undergraduate Student Outcomes – UConn Center for Career Development
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Afyer siunle checking The net cost 11k for albany
37k for Uconn
Sorry for the typo
Net 11k for albany
37k for uconn
Those net costs are significantly different. How much in loans will you parents need to take or co-sign for UConn?
Does your kid want to live in a small city, or on a large college campus that is not near a city?
I guess I’m asking….why UConn?
Albany is affordable with uconn he will be left with alot of debt at the end, will it payoff at the end, the decision will be his but does it make sense or is it a mistake to go the expensive route
At UConn the loan to cosign for besides the loans they r giving him is approximately 28k
Why UConn is a good question thats why I’m asking i don’t have that knowledge besides what i can find online
We visited it looks nice and i’m looking at stats for computer science he was accepted at Storrs we are only a few hours away from both UConn and Albany those are the choices we are left with
Your son can borrow $5500 for his freshman year in his name only. Anything above that amount will either need to be co-signed by YOU, or will need to be a loan taken out by YOU. So…the debt at the end could end up being yours. Are you OK with that?
If you are looking at $100,000 in debt for four years of college, that’s going to be over $1100 a month in payments for 10 years or so. Just think about that.
Im ok with it if its going to make a huge difference with the outcome when he is finished jobwise where he can potentially make enough to cover that expense otherwise it doesnt make any sense
Take the less expensive choice.
Programmer here. Computer science degrees are ridiculously employable. After about 3 years of experience, employers don’t even ask where he went, because credentials are virtually 100% based on hands-on professional experience. To answer your question, will UConn be worth the debt? The answer is NO! All it’s going to do is create an unnecessary financial burden to carry for many years. High debt is a fast track to career misery, because it forces young professionals into accepting jobs that are often insecure, or force them out of jobs that they could otherwise be happy in, to pay off debt. Trust me, going to Albany, he’ll find a job.
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This is the key word - and that’s a gamble.
Seems a silly gamble but get with Albany on their outcomes.
The feds limit the student to $27K in loans over four years via subsidized loans. There’s a reason they chose that #.
If you are saying an additional $100K in additional borrowing, the answer is a firm no - and that’s one of those parental vetoes - parents choice.
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Thanks for your advice makes me feel a bit more comfortable with the decision process
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Albany is a solid SUNY, well-known in NYS and throughout the region. As a result, there are plenty of job opportunities for SUNY Albany graduates.
UConn isn’t especially well-known for CS, not in way that makes it a choice compared to Albany.
(Are there other choices than these 2?)
Note that, while UConn is unlikely to yield any sort of benefit compared to Albany, having 100K in debt IS likely to limit his job prospects because 1° high debt is seen as a liability for some positions, especially if he’s interested in cybersecurity or sensitive jobs 2°such a level of debt will be like swimming with an anchor around his neck for 20 years. He’ll be 45 before he can think of a mortgage and he’ll have to take whatever first job is offered, even if the location or the conditions don’t work for him. It’ll take away his ability to make choices for himself.
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In a situation where someone burdened by debt can choose between job offers, the debt may add pressure for going for the higher pay, rather than considering more interesting work or career development.
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Since it may be difficult to determine which of these schools offers the stronger program for your son’s academic interests, it would seem reasonable for him to choose the less expensive alternative without undue concern that he is compromising based on cost.
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