Considering Wharton ($$$) vs. Kenan-Flagler ($) (undergrad)
Hello, I'm a rising high school senior in NC who's just starting to apply to colleges. I intend to major in finance or business administration. I have competitive stats for Wharton and I'd like to apply ED, meaning I would have to commit regardless of my given financial aid package. My EFC is $60k and I have a friend going in the fall with a similar family income, paying around the same amount. My parents will chip in $30k a year, meaning I would probably be taking on another $30k in loans per year.
However, $30k a year is enough to completely cover the in-state cost of UNC, and then some for better housing and/or fraternity dues. I know KF is a good business school, but I'm worried it would limit my job options after graduation, because from my understanding it isn't quite as prestigious as a T20.
Would it be worth possibly accruing $120k+ in student loans to have the prestige of Penn? A commenter on an older thread comparing these two schools said that if you go to Wharton you won't need an MBA, but that was also a decade ago, so times might have changed. Any insight would be appreciated!
Watch me post this and not get into Wharton
If you have your heart set on IB/PE or other high-paying jobs, where you will have the income to pay down that debt, it is likely worth the additional cost to give you more alumni connections and a stronger pipeline.
Just don't get cold feet as a junior/senior and leave yourself with a bunch of debt and a meh job.
if you get into Wharton, you should go to Wharton over UNC
You can break out of ed if they don't meet your financial needs. UNC is still a target, you'd save ~300k, and you can graduate in 2-3 years if you have ap/clep/community college credit.
You’ll get into a BB from UNC if you have that kind of resume.
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