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Are the loans worth it?
Is an Ivy League education for graduate school worth $100K in loans? At what point does the opportunity cost become negative? #ivyleague #loans #debt #worried
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Daniel’s Answer
Unless we're talking about an MBA, or Med School at a top program, I wouldn't recommend accumulating that much debt. The ROI at a top program diminishes significantly the higher the tuition.
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A’s Answer
I attended Cornell for the MBA program, which help me in two ways: 1. change my career (pre-med to marketing) 2. increase pay grade. I walked away with $160K+ for the two year program, but I ended up repaying within 7 years post graduation. If you're set on your career path, and it involves a graduate degree, my best advice is to pursue a public school program for your undergraduate degree and then private for the graduate program.
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Poojan’s Answer
Undergrad will definitely be more expensive than masters but if you are really passionate about your major and you have done proper research about the job market, then it is worth taking those loans. Ivy League will open up a plethora of opportunities for you and you can even land up at some of the best companies in the world through alumni connections and networking