ROI Question
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Anonymous
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DD did not get admitted into our state flagship (UMD). Her state backup is Towson.
DH and I are disagreeing about what is her better option long term and I am curious what DCUM has to say! With that said, would you rather... 1) Attend the in-state school for the cost savings 2) Attend an out-of-state flagship for approximately 12,000 more annually (school is unknown- there are many choices including Indiana- Kelly direct admit, Wisconsin, Penn State- UP, Ohio State, South Carolina, Clemson) The degree is business- though she is not sure what area. Would a state flagship's ROI be substantial enough to offset the cost difference? The $12,000 annually is not a deal breaker for us, but will also be felt at home. Also, our daughter is adamantly against Towson and feels it is embarrassing, so you can guess which direction she is going in! What say you DCUM? |
Anonymous
| Indiana- Kelly direct admit |
Anonymous
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The interaction between kid and school is dynamic, not static. It's less about what the school "gives" than about what the kid puts in, and in a variety of ways. Is she the kind of kid who will throw her full self in regardless of where she winds up? Maybe it doesn't matter. Does she feel like she'll thrive at one more than the other, and if so, why?
When you close your eyes and picture her at both places, do you see a difference in terms of little things -- how she greets the day, whether and how she asks questions of professors, the likelihood of her putting herself forward to work on projects, the width of the net she casts socially, etc.? |
Anonymous
Agreed. This Business school has a great reputation, it will be worth the extra $ and folks love it. I’m in MD, and I think Towson is a solid option, but for a business degree, I think you’ll get your ROI. |
Anonymous
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OP here- Indiana is an interesting one. I agree that Kelly has a great reputation, but she only got $8000 merit which might make it considerably more than some of the other schools. She has also expressed interest in real estate which would be a better fit in Wisconsin's business school.
For that reason, I am trying to get an overall feel of paying more for an out-of-state flagship vs Towson specifically. Once merit comes out at all of the different schools, we will help her narrow it down- she got into so many great options that it's almost an embarrassment of riches- except of course UMD. Do students leaving Towson's business school have good career options? Or would really any flagship offer better options? |
Anonymous
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A larger state school will lead to more options for internships and future opportunities. I would not go to Towson if you have other options, although I am generally a fan of going with the lower-cost college. I believe the ROI will be worth it over Towson.
I would work with your daughter about where she wants to settle after college. She has chosen schools in different regions and most internships will be closer to the schools. Is she interested in the South? The midwest? Mid-Atlantic? Choosing a school in her desired location will make it easier in the future. |
Anonymous
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Using this website https://public.flourish.studio/visualisation/7583742/
ROI business degree Towson $317k Penn State $1,190k Indiana- Kelly $1,167k Wisconsin $871k South Carolina $783k Ohio State $689k Clemson $321k Therefore, yes, the right OOS school is going to offset the cost difference between that and Towson. |
Anonymous
If your kid is a business major, why in the world, would you be lamenting not getting into UD when you have a Kelley direct admit it’s not even a thought. |
Anonymous
| Umd |
Anonymous
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That’s the problem with Marilyn. If you get shut out of UD, your other two choices are terrible. The state does not have a lot of good college choices.
But that being said, IU and Kelly all the way. |
Anonymous
I don’t get it. Do you want peoples input and then they give it to you and then you’re fighting them on it. |
Anonymous
Sorry, you’re right. I guess I was writing to settle an argument with DH about in-state option vs out-of-state rather than focusing too much on the actual schools (although we can take a $12000 extra hit annually, $20000 would be way harder so we are not planning on having her commit anywhere until we see the actual financial papers. Due to Indiana’s lower merit, it might take that school out of contention, even if it has the best ROI). |
Anonymous
This is fantastic! Thank you for introducing this website to me. It really puts things into perspective! Looks like DH (and DD) are winning this fight. |
Anonymous
| OP- it seems to me Kelly School would me a good investment. It’s perfectly fine to have your DD take out some loans. Tell her what you can pay, explain what the debt load for her would be at each option and let her make a decision. If she’s looking at 35K in loans, the Kelly degree may still be worth it to her. It may impact her future career/grad school choices, but that’s fine. |
Anonymous
| Has she visited any of the schools? In this case Kelly school be a good option and worth the price difference. There is option to cover the difference she can take the loan (5500) and also get summer jobs to help out. |