<p>@4kidsdad 50% of the debt i would potentially be taking on will be to help with the EFC. </p>
<p>Does anyone have more information regarding tuition assistance programs? </p>
<p>@sparksflying I hope to get into the finance field rather than open up my own business but yes if I ever decide to go down that road i see your point</p>
<p>Most such programs that i know, are benefits given by a company. If a parent works at such a company, or you, they may pay a portion of your tuition. You need to ask a parent if their employers have such programs. With ugs going to full time college right out of high school, it’s rare such a student would be working for such a company. But my friend’s DD worked part time for TJMaxx and they did have awards for those working a going to school, and she got some funds that way. </p>
<p>4kidsdad:</p>
<p>You would be surprised. If an employer likes you and thinks you have potential, it is in his/her interest to help out. Large companies have tuition policies written in stone. Small to mid-sized companies? You go straight to the CEO and ask. He may say, yes. He may say, no. No harm in asking.</p>
<p>Sparks flying…very rare for companies to provide tuition assistance for a bachelors degree…and I’m going to guess, even rarer in the field of finance. If I recall correctly, your parents own a company…maybe THEY do this, but it is quite out of the norm.</p>
<p>So…OP…tuition assistance programs are for those employees pursuing graduate study in the VAST majority of cases.</p>
<p>Only real exception I know of…if one is a full time employee of a university, some universities offer tuition assistance to their employees.</p>
<p>Sparksflying, please name some of these companies who would provide undergrad tuition assistance in the field of business or finance.</p>
<p>It is not as rare as you may think. My sister received an accounting degree from Rutgers. The company paid 100%. No, it was not my parent’s company. </p>
<p>She worked 8 hours a day and completed her degree at night. Upon graduating with 0 debt, she was awarded a very good position with the company. </p>
<p>It’s done everyday. </p>
<p>Since it’s done every day that companies help with tuition, I’d recommend you find a company that wants to pay for YOU to get your degree. Go to the company where your sis got her degree and see if they want to help fund yours as well.</p>
<p>By the way, I can’t understand your math. $10K/year x 4 years = $40K PLUS interest accruing from the time the loans are given PLUS the max student loans of $31K or higher = $71K or higher. If interest isn’t being paid on these loans, by the time you graduate, they will likely be MUCH higher than $71K.</p>
<p>I’d recommend you seriously consider McCauley. Don’t understand why you are discarding it out of hand. That sounds like your only affordable option unless you have a generous employer who wants to fund your degree like your sister’s was funded. Good luck! Have not heard of anyone who got their undergrad degree funded by an employer. Our S has an opportunity to have his current employer help with graduate education, but S has not pursued it yet.</p>
<p>HLmom:</p>
<p>I think you are replying to the wrong person. A company IS paying my tuition. Upon graduation, I owe time and service…a lot of travel. Sounds glamorous, but it isn’t.</p>
<p>I have absolutely NO doubt that there are some who are getting UG degree paid by a company. My friend’s DH did but he was in his 30s and was with the co for a while when he took advantage of the program and got his BS in a weekend program. There may be some kids straight out of college who have done this, but I don’t think very many. In fact very few. And it doesn’t much help a kid looking at going to a school full time that this option exists, as it is a rare thing. </p>
<p>For those who absolutely cannot come up with a way to pay, looking for such deals while working a job is a good idea. That way, in time, one can get that degree paid for, IF one can get such a job. </p>
<p>I’m not discarding macaulay, my other choices are jsut ahead of it on the list. Obviously if it comes down to it I will choose macaulay rather than cripple myself financially. </p>
<p>I’m considering working full time over the summer to easy the burden but it’s not going to be easy at all, but then again nothing in life really ever is</p>
<p>Sparks…your PARENT’S company (the one they own) is paying for YOUR college education. </p>
<p>Yes, in some cases employers will pay for employees to attend college. In most cases, these employees continue to work full time for the company while attending college part time. I seriously doubt that there are many companies who are funding four year residential college educations. As noted, some companies FO offer limited benefits like this for the children of employees. The ones I know about were by application and were competitive…in other words, not everyone got this benefit.</p>
<p>I guess my real concern if that I’m doing the best I can to go to a good school so I can have a greater opportunity (it’s not easy, my parents are immigrants and do what they can with the lack of education) but what worries me is that debt may be counterproductive to getting my life together </p>
<p>If you want to go into finance, you should go to a well known school, and it is not Baruch. I would speak with each school’s career center to see what companies recruit on campus. Ask them if they have post graduate survey to see % of senior graduated with a job, what’s their average salary.</p>
<p>First year analyst on average make 80K base and with varied bonus (10-50K) and second year is usually much higher. I think coming out of Emory or NE, you probably could make 60K if you don’t go into IB (some other finance position). I think 60K debt is doable. Based on the info you gave, you really are not going to do better when it comes to FA.</p>
<p>@oldfort well my top choices are Emory, Villanova, Boston University, and Northeastern. I believe these are all strong programs (Emory and Villanova being solidly “top 15” or so and BU/Northeastern residing in the top 25ish for business) with great opportunities. I have researched job opportunities but obviously I am still a little apprehensive. Will it be possible to get a job that will able me to pay off my debt without crippling me? </p>
<p>I don’t know how viable finance as an undergrad major is, in terms of finding a job, especially one that pays a lot. I know some in the field, and there hasn’t been much hiring, and most of that has been at the MBA level. Is this truly a field, Oldfort that has a lot of promise, worth an investment, as, say Accounting which I know has a high likelihood of jobs. I really don’t know, which is why I am asking. </p>
<p>Instead of going into business, I would encourage you to get a liberal arts education major in math/econ, maybe take few courses in accounting, finance, CS. You will have more options when you graduate. Most employers view UG business degree as an easy degree, especially outside of Wharton. Finance is not the only well paying job now. There are a lot of companies, like FB, Google, Amazon and many tech companies that are new graduates well. I think NE has very good coop program, and Emory is top tier school. </p>
<p>@oldfort I was thinking maybe something like risk management but i see your reasoning, honestly I am very interested in pursuing some sort of psychology/business double/dual major but I’m not sure how that would fair for me in terms of job prospects</p>
<p>Psychology is a great minor for people who want to go into business/sale. When my older daughter was interviewing for her finance job (junior summer internship), one of her interviewers advised her to take a psych course. He said it would help her close deals someday.</p>
<p>I agree full with Oldfort’s last post. I know marketing is a tough field in which to find a good paying starting job or even a job relevant to the degree. General business, the same. The only surefire degree in business that I know brings in sure bucks is accounting, and that’s if you are on the CPA track. I have no idea what the chances of anyone getting a job in finance or other areas in undergrad business that will pay enough to be worth borrowing. I know that Wharton grads are a breed apart, but I really cannot say what the stats are for the other schools. Please do not get me wrong; I think they are all fine choices and my son will be considering them next year, and I hope he gets accepted. But are degrees that you are seeking going to bring the return you need since you are considering taking this risk in borrowing? That I don’t know I do know that Baruch is highly regarded in NYC, but what majors have high paying jobs that are pretty sure things…that I don’t know outside of what I’ve just said. I suggest you go over to Baruch’s career office and look at some stone hard figures. The advantage of a Baruch education is that you won’t have that loan monkey on your back. </p>
<p>Perhaps a PM to Sybbie is in order,as she is better acquainted with the CUNY Schools.</p>
<p>I know NE’s co op program is arguably the best, and that Emory is a top ranked school, but I can tell your right out that a psych major from there is not going to give you good prospects of any high paying jobs. And partnering it with general business isn’t going to do much better. I don’t know whether it’s all of NE programs or some of them or anything about those stats.</p>
<p>You see, when you are borrowing money, and your parents are not going to be able to much help you, it’s a whole other story in taking out loans, betting on the returns. Yes, math/econ gives strong possibilities anywhere–I have one who went that route and finding a high paying job was relatively easy. But he’s wired for math, and it’s his thing. Some of my other kids just wouldn’t want to stomach that. </p>
<p>Well @cptofthehouse obviously I would never go into general business that is a death sentence in my opinion.</p>
<p>I hope to pursue a finance degree or possibly accounting with either a minor/double major in psychology (my parents have had a real struggle financially so much of my education pursuit is to try and land a comfortable job so my future family doesn’t have the same struggle).</p>
<p>I know general business job prospects do not fair nearly as well but I have done the research and Finance does seem to have good prospects. Risk management and Consulting seems like great fields to go into but Accounting seems to be the safe route. I’m intent on going to pursue a finance degree I just want to make the best decision possible without crippling myself</p>