Full-Ride at Nontarget or Full Price at Target?
Hi everyone, basically the title. I received a full-ride scholarship to an extreme non-target in the midwest (no-name school with zero alumni in IB), and I also received a preadmittance into Ross at Umich but with no financial aid (in-state resident). Very interested in pursuing IB and I know Ross has a strong alumni network, but I'm really struggling the justification of incurring $150k+ in student loans at 18 years old. Thoughts?
Del.
As someone who went to a no-name state university on a full-ride, go to one with the better resources, and you have in-state so that is a good factor.
Better to break in early than having to do MFin at a higher cost later on.
I went to an extreme non-target and cannot more recommend you go to the target. I fortunately got a great BB offer, but I have so so many friends that are just as qualified, if not more, that ended up with nothing. My analyst class is great, but some of my non-target classmates deserve to be there and aren't.
Breaking in from a non-target is not only a fuck ton of work, but also a lot of luck. Some people just don't have both, and don't place.
If you are in state at UMich, how are you expecting 150k debt? In state tuition is ~17k and room and board is ~13k. That's 30k/yr *4 = 120k assuming you don't pay anything.
Is there a way you can work over the summers? Assuming you bring in 2,500/semester and 5k/summer, that's 10k/year. Especially if you get a big time IB internship, you can probably bring in $10k post tax during the summer.
Move off campus to save on rent?
Go part time senior year/graduate a semester early? Chop off a semester and that knocks off 15k.
While you'll still be in a lot of debt, it may not be as much as you think.
Overall it all depends on your risk tolerance. But if this midwest school is truly no-name and 0 IB alum, the long-term play might be Ross.
Most people have zero clue as to how impossible it is at a non-target, non-diverse. take the target
Can not echo this enough.
go get that prestige brah to end up making 110k as everyone!!! go full on debt in this economy.
Kinda depends on the midwest school. Is it a highly-ranked LAC like Grinnell/Carleton? Might not have great IB placement but the experience/education there is top-notch.
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