$200k to attend UVA undergrad? Unfucking believable!
I have several friends' younger brothers/sister who are attending Univ. Virginia this year. In particular, one guy's bro applied out of state and picked Univ. Virginia over Penn. Seeing that UVA charges as much as Harvard to out-of-states but isn't as generous in financial aid, he is being charged $50k/yr, for a total of $200k by end of his graduation. His family is middle class. I asked how he's paying for it and my buddy told me he's just taking out a massive loan, then working some.
Do some people nowadays seriously shell out $200k for an undergrad tuition?? Or is that the norm nowadays for people picking high level private schools?
I have no idea what the norm is these days, but paying that amount for UVA is dumb.
How? Is it any stupider than paying that for Notre Dame or a small private school?
UVA is an excellent school, for finance recruiting or otherwise. No arguments there. But from a personal standpoint, there is a 0% chance I take $200K in loans to go to UVA, Notre Dame, or a small private school.
Wow. Yeah I never understood why you'd pay private school prices to attend a public school out of state. Few of my friends did, but for state schools where the out-of-state tuition was still nowhere near the top private schools. And she really got into Penn but went to UVA?
7 years late reply but probably meant penn state lol
UVA for $200k or NYU/Emory/Notre Dame/any number of lower-tier top 25s for $200k? I'd go Virginia. Who cares if it's public if it'll get you a banking job and you get into their undergrad biz program.
UVA's Com school (UG Business) is very good. It's not as good as Wharton, but Charlottesville is a dramatically nicer area than Philadelphia. I absolutely understand the choice.
@"LBJ's hair" yes, exactly +1.
every private/out of state school charges about the same thing
I wouldn't pay $200k to go to UVA, of course I wouldn't pay that for Harvard either. If someone has the money for it and that's what they want, cool.
Also, considering UVA's endowment is like a tenth of Harvard's, they've done a solid job with Access UVA
It's the norm for people at top schools. The only thing better about the very top places is that they're more generous with aid, as you mentioned
There are definitely worse ways to spend 200k. With that said, I think I would have looked at some of the private school options that are in that range as well -- even in VA you have top schools like Washington and Lee...
Really depends on the job you want to get/grad school you want to go to. Top performers at both schools have about the same opportunities. William and Mary is definitely up there, too.
Fair point. I don't know a whole lot about W&M placement, but I know W&L and UVA both have some pretty kickass IB recruiting.
UVA >> WL
$200k is still cheaper than having a child.
Is it with 5.6% interest over how many years it takes you to pay off $200,000?
^ sorry - meant to reply to HappyPants
In what world is Washington & Lee in the same conversation as UVA? This is a joke, right? You are out of your mind if you're putting W&L in the same category as UVA or W&M (or VT for that matter) for undergrad. Sure, W&L has a low acceptance rate, but so does Liberty, a school whose most rigorous ug major is "Abstinence". Maybe they're up and coming, but that puts them in the same category as GMU and VCU, maybe, but definitely not UVA and W&M.
hahaha. I can't even begin to start on this. Your absolute ignorance is astounding.
Tuition is ~$30,000 so lets be honest and say it costs $120,000 to get a 4 year degree there. The other costs fluctuate depending on how you roll.
I have a novel idea. Work during school part time and live a little cheaper. Or go somewhere cheaper. If you are smart enough to get into UVA you can go somewhere else that is good and get a scholarship.
I'm a William & Mary grad who is a huge fan of Virginia Tech as a university and its athletics program who massively respects UVa and Washington & Lee as academic institutions and who loves VMI's tradition and leadership. If I had a high school child right now I'd be pretty happy to be a Virginian.
Charlottesville is the fucking truth.
looooool $200k is the equivalent of a paid for house in cities other than NY/CHI/SF/etc.
This is why we have a $1 trillion of unsecured student loan debt waiting to burst. Please slap the hell out of this person.
UVa is always crying poverty to the state, and yet it has one of the largest university endowments in the world.
False the student loan boogeyman is fake. Only ~5-6% of loans are in arrears. The average size of the loan in arrears is 10k. Less than 2% of loans taken out are 200k+. Most loans (>70%) are held by upper quartile income students who can afford them. The rise in loans has been driven by: enrollment, more lower income people going to college, somewhat due to tuition increases outpacing aid, and finally financing mix. There is a bunch of aid too where you only pay a max 10% of discretionary income for a period and rest is wiped out.
Don't let liberals scare you into supporting student loan bailouts.
Patrick, you need to write a script that auto-corrects "W&L," "Washington & Lee," "Washington and Lee," etc to "monkey dick." This cancer is metastasizing.
I really don't know why I'm still on this site,all you guys talk about is work,and I'm full time rich.
You gotta remember that Obama changed the rules. Now all he has to do is pay the min on his loans for a set period and the rest will be wiped out.
This is a finance site and you're all getting worked up over $200k? Come on son. It's not cheap but if you're smart about it and aren't there for English or something it's possibly worth it.
Fuck I could pay for this in cash and I wouldn't do it. Unless you want to go into politics why would you pay that much for UVA?
I paid $200K to go to a lower target, and it was well worth it. However, I was 100% sure I wanted to do either banking or consulting going into college and OCR is a bit stronger than it is in McIntire.
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