<p>I want to major in finance and am deciding between Penn State and Binghamton. I got into the School of Management at Binghamton which is apparently really well respected in New York...Penn State would cost me an extra 7 thousand a year. Is it worth going to Penn State, taking out loans that would end up costing about $30,000 or should I go to Binghamton?</p>
<p>30,000 in loans really isnt too bad. But both are good well respected schools. I think its just up to which you like most.</p>
<p>I agree that $30,000 in loans is not bad (well, for today). I guess it depends on your long-term outlook. If you plan on staying in NY (or the NY vicinity) than Binghamton might be fine. But if you are looking to go else where in the country/world - then Penn State is the way to go (for name recognition and alumni network). </p>
<p>Of course, you could always do Binghamton for undergrad and do a masters at a more nationally well-known school and that would be fine.</p>
<p>well im also going to have to pay off the subsidized and unsubsidized loans which will end up being about $25,000 after 4 years so the $30,000 is in addition to that.</p>
<p>Where are you getting that $30K in loans on top of the Staffords? I think I can give you a very good finance lesson before you go off to college. In short, go to BInghamton and save some money. $55K in loans is not a good start for anyone. It’ll be more than that as the costs go up each year and some of those loans will be accruing interest from the minute you get them.</p>
<p>55k becomes looking less manageable. Its doable, but I wouldn’t recommend it.</p>
<p>Agreed, unless you REALLY want PSU, go to Bing…</p>
<p>Agree. Big difference between 30K and 55K.</p>