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Should student debt be a major deterrent in determining which university to attend?

While there are many factors to consider when choosing a college, one of my largest has been the cost to attend. I know there is no clear-cut answer to whether or not a certain university is worth attending over the other, but should student debt be one of the most important (if not the most important) aspects? Is debt really that hard to live with or is it a mostly just an inconvenience? #student-debt #college

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Katy’s Answer

As a recent graduate with a fair amount of educational debt to my own name, debt is something to very seriously consider before choosing a school. You have to understand the amount of debt you will graduate with in order to prepare for a life after college. Deferment ends & those first loan payments can come as a shock. Each school has pro’s and con’s, and the cost of attendance should always be somewhere on that list. This question has no easy answer. You have to figure out what an affordable amount of debt might be for your future, based on your potential earning possibilities, both good and bad. You should also look into potential forgiveness programs and the difference between private and federal loans. Research this very carefully before you make a final decision.
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Ken’s Answer

You asked a very important question. During my years in Human Resources and College Recruiting, I have learned two things: it does not really matter where you go to school (the important thing is how well you do and what you do while there to make connections with others in your career area and get career exposure) and a college education is like any other business decision which should be made in a prudent manner allowing you to make the lowest prudent investment to enjoy the highest return on that investment.

Ken recommends the following next steps:

Here is an interesting video by someone who worked at Stanford University that contains a very important message: ## http://www.ted.com/talks/julie_lythcott_haims_how_to_raise_successful_kids_without_over_parenting?utm_campaign=social&utm_medium=referral&utm_source=facebook.com&utm_content=talk&utm_term=education ##
Here are some good tips on how to control costs while in college: ## http://www.educationplanner.org/students/paying-for-school/ways-to-pay/reduce-college-costs.shtml ##
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