Private university and be in debt or Decent state university but free of debt?

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Here’s my situation. I am a senior in high school who has decided to attend a local community college next year. I am doing this so I can save money on my general education classes. My parents will pay everything in commmunity college so I don’t have to worry about that. After 2 years in community college, I will be transferring to either a state university or a private college. My parents will only provide me with $ 25,000 for the last 2 years in that 4 year university. My question is should i be attending a state college and not to have to worry about debt or go to a private university on loan?. I know there are some cheap private universities out there, but the good ones are expensive. Do you the degree matters where you get it from?. Im also planning to go to graduate school after that which will cost about $ 10-20,000 i believe. What would you do if you were in this situation?

3 Comments
  1. Reply
    KoKo KiTTy
    November 10, 2011 at 3:14 pm

    I was in the same situation.

    Private institutes mean smaller classes, one-on-one, hands-on, more attention to YOU, graduate faster.

    I could never, ever, ever go to a state university.
    Ever.

    My friends go to Alabama State, and I could never deal with having 600 people in a class.

    I go to a private institute. I’m going to be about 200k in debt, though.

  2. Reply
    raflorsheim
    November 10, 2011 at 3:43 pm

    Since you want to go to graduate school, where you get your degree does matter. However, the difference is not whether you went to a private or a public school, but how good the school was. Without knowing the two universities you have in mind, I really can’t tell you which one which would be better.

    Look at it this way. Your cost of education, if you go to a private school and are only responsible for one year of it, would probably be less than the cost of the first new car you would buy. Unlike that car, it would last a lifetime. I’m not saying that the private school is better, but if it is, being in debt for a few years is something which is not all that onerous (I could see it if you were going to be in debt for $ 100,000 or more), and may be worth it, if the quality differential warrants it. Look first at the school quality, and then decide if the difference is sufficient to warrant paying for it. Don’t let fear of debt be your guiding factor.

    You should also start looking into potential financial aid as soon as you transfer. I don’t know your family’s financial situation, but it is possible that you could get part of your education paid for through grants, work-study, etc. If so, that $ 25,000 your parents have agreed to pay for the last two years might go farther than you think. Even if you don’t get financial aid, you might want to start thinking about summer jobs – if you work every summer from now on, you could earn enough to pay a substantial portion of the tuition upfront and wouldn’t need loans for that portion.

  3. Reply
    crisis
    November 10, 2011 at 3:56 pm

    Unless you’re going to become a doctor or a lawyer or work in a field with tremendous prestige or specialty (jewelry makers, any sort of artist) than I would pick the state university. Degrees (esp bachelors) have now become commodity and most employers could care less where you went to school as long as you did and you show knowledge and good work ethic.
    The reason I mention the above professions is because it still does matter if you graduate ivy league or not..and as far as the whole artist thing goes..there are several reasons..a lot of artists (music, painting, designers, culinary) are pretentious..that’s first and foremost…but the biggest reason is because GENERALLY the more expensive the better the program…that isn’t always the case with general degrees such as accounting or business or even nursing…anything of that nature is total commodity and basic and can be attained just about anywhere.

    you don’t want school debt…matter of fact you don’t want any sort of debt so depending on your major I would def pick the state college.

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