Hey guys! I'm a high school senior applying to university as a finance major and I've been accepted a couple places early action. Unfortunately I'm in a unique position where my family has a modest income (100k combined) but high investment property assets (dad rolled 401k into property in 2008) and as a result I'm getting shafted across the board for financial aid. My goal had been to apply to primarily business schools and the ivies with hopes of pursuing a career in finance then transitioning to law and public sector (Treasury/Fed) work in the long term. I've gotten into the biz schools at USC, Northeastern, Boston College, Fordham and Georgetown. Obviously I was excited at the prospects of attending Georgetown until I got the bill for a full 70k. I was offered half tuition at Northeastern and USC but the total annual payment still comes out to 50k for both these schools and they're nowhere near as competitive. Fordham on the other hand offered me a full ride and I've recently decided that if I go I'll major in their combined math/comp sci degree and pursue the 3+2 combined program with Columbia's engineering school. (I have a solid backing in math and science in high school having taken through Calc III as well as AP Physics 1 and 2 so the switch to engineering shouldn't be a problem academically). It guarantees admission after your third year (contingent upon GPA and pre-reqs) and I'd major in operations research with a concentration in financial engineering at the Fu School at Colombia. I know that the school places well in banking roles generally and that this degree specifically is geared towards quantitative finance.
My question is if I want to enter the upper echelons of the finance industry, place well, and be successful what would be the better route? Should i stick with a plain finance degree, eat the 300k in debt, and go to Georgetown? Or pay for only two years of undergrad by taking the full ride at Colombia and finishing up at Colombia and graduating with a much larger skillset with the engineering degree in operations research? I really am in a bind right now and am unsure of what to do. It's really hard from a position like mine trying to predict the future and my ability to do well using the internet haha so anything would help.
Also I guess its worth noting that I do have a rental property that my parents were going to sell to pay for my college (worth around 150k). That's why the two years at Colombia would leave me basically debt free bc I'd still be paying full tuition but for only two years bc I got tuition and room and board at Fordham. I should also mention that i'm waiting on Harvard, Yale, Princeton, for regular decision so there's always a chance but the financials will likely be similar and my chances of admission are very low. In the off chance I get in I'd obviously consider those schools far more and might not even hesitate about taking the debt.
Thanks in advance!
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