<p>I think it depends on the student. Some students can really make the most of an Ivy League education, although I would imagine an undergraduate who could make that happen would be extremely rare.</p>
<p>It’s not that they aren’t fantastic schools. It’s just that if you are talking about $100k or more in debt, you need to parcel that out. Depending on your career, you could be talking about debt into your early forties <em>just for undergraduate school</em> and a bachelor’s is not what it used to be. Not even from the Ivies.</p>
<p>Speaking of a Mercedes–I know two doctors that drive Toyotas. They can’t afford the Mercedes, because they are in family practice and a lot of their incomes go to paying student loans. It’s something to think about. Just going to Harvard does not guarantee you a salary that will allow you to pay it off.</p>