University of Michigan Ross School of Business BBA Degree worth $160K+ in debt?

College Search & Selection
1

I was pre-admitted as a Ross student to the University of Michigan. However, when I got my financial aid package I was surprised to find that it contained 0 grants with only loans.

Ross is a top program and I won’t be able to afford it, as my parents can only realistically contribute $20K each year. This will put me around $160K in debt after 4 years, as I have tried to appeal the aid multiple times to no avail.

i wanted to know, is a BBA degree from UMich Ross worth the debt? Or should I go to my state school (which I was also admitted to and if enrolling will graduate with 0 debt since my parents can pay for it) of Binghamton School of Management in NY?

Commitment day is today and I’m still 50/50 on it so any help at all would be extremely appreciated, thanks!

2

No, not worth the debt.

Besides, you can only borrow $27,000 over 4 years; your parents would have to borrow the rest.

3

No friggin’ way.

Seriously…you want to be a business major. Don’t make the first huge business mistake by burdening yourself with mega debt.


[QUOTE=""]
should I go to my state school (which I was also admitted to and if enrolling will graduate with 0 debt since my parents can pay for it) of Binghamton School of Management in NY?

[/QUOTE]

Go and shine!

(Interesting that you got no grants since UMich does give aid. Your family’s income/assets must be too high)

4

$160k in debt is way too much. Go to Binghampton

5

@drakethelake no school is worth that amount of debt. literally none. not even the tippy top ones, and certainly not UMich.

6

If it isn’t too late, choose Binghampton. That is waaaaaaaaaay too much debt, even if it is U-M.

7

Agree with everyone, WAY too much debt, IF your folks can even qualify to borrow that much. Go to Binghampton and do great there. If you want to get an MBA at UM after your bachelor’s, that may be a possibility.

8

There is not a school on the planet worth that debt. You can easily calculate the opportunity cost of those funds, but I did it for you. :smiley:

You’d have to make $2,000,000 MORE over your career versus a no debt option, JUST TO BREAK EVEN.

9

You can’t afford to go to Michigan. Period.

10

That is a ridiculous amount of debt to take out as an undergrad. Go to Binghamton.

11

" no school is worth that amount of debt. literally none. not even the tippy top ones, and certainly not UMich."

certainly not Penn either…