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[quote=Anonymous][quote=Anonymous]

OP here. Thanks for your long and detailed response. Can you elaborate more on the part about it being better for you if you attended a more prestigious university and that it would of been worth the loans?

[/quote]

Sure. My parents did not have much money and strongly advised me to avoid taking on significant debt for college, which is good advice. I had good grades and test scores and was accepted into several schools that have a much higher reputation/'prestige' factor and recognition at the national level. In my field and in general, the prestige factor often helps in the professional world.

One factor is network. Loyola is well regarded in Maryland and perhaps NYC due to the high number of alums, but more limited beyond those places. As much as I wish it were not the case, relationships matter especially when starting your career. Another example, my previous employer would pay new hires from some arbitrary list of 'prestigious' universities more than less desirable schools. Frankly I find these practices to be ineffective and a bit classist given the percentage of students at some of these places who are there based on legacy status and athletic scholarships, not merit. But regardless, they exist and I think that having a more prestigious college on my resume in the early years would have helped me to find a higher paying job faster. I ended up making good money (not rich by DCUM standards but more than I thought I could make); had this not been the cases, then my decision to avoid loans would have been the right one.

Despite this, I really enjoyed my time there and am still good friends with several of my close friends from college. I had many great professors and was well-prepared in my field from my college education. Hindsight is 20/20. [/quote]

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