Insane Debt to Graduate from Fordham Gabelli... Worth It?
I'm a freshman at Fordham's Gabelli School of Business this year. As second-semester payments are coming up, I am again struck with the nauseous feeling of being saddled with debt at such a young age. I am fully paying for my education, and unfortunately, Fordham is pricey. I've been working with financial aid, and I'm aware that over the years, I will be able to get my tuition widdled down. With athletic scholarships, merit scholarships, and other miscellaneous scholarships, it should be easier for me to afford in the coming years. I guess my question for you guys is, should I be concerned? I have excellent connections with people already working in IB, I have good grades and I'm part of the Scholars of Finance here. I can't help but worry about the amount of debt I'm taking on. We're looking at over 150k-200k upon graduation... I'm aware that landing a BB position is unrealistic but it's obviously a goal of mine.
Am I screwed???
$200k of debt for Fordham is actually insane. Maybe makes sense for Harvard, but I would be getting out of that situation if I were you. Don't forget tuition also usually goes up, I can't see how you would meaningfully be able to lower your tuition as you go on unless you are an athletic walk-on about to get a scholarship.
I would look into public/state schools that place well. Baruch and Rutgers are both still in or near the city and have pretty strong placement. Otherwise large state schools would still be around half the price even with OOS tuition. Placement varies, but some of those are pretty solid IB semi-targets.
I agree with the above - paying upwards $200K for a school like Fordham makes 0 sense. I would take a look at Baruch. Also, I recommend you change your username for obvious reasons.
Was Fordham your only option???? As others have mentioned, $200k for Fordham is NOT worth it all. The school is known for giving out offers to "dumb" students at my high school...
If your grades and EC's are competitive, you should look to transfer to a competitive in-state university.
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