Reply to $80k In Debt Worth It for Ivy Undergrad?

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Reply to "$80k In Debt Worth It for Ivy Undergrad?"

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[quote=Anonymous][quote=Anonymous]In general, I’d say that the debt would be worth it —but not for you. The environment doesn’t sound like it was either healthy or pleasant for you.

In your place, I’d talk with the school about options — just so you know what they are.  Can you get an extended leave of absence if you want to?  What would it take to get readmitted in 5 years — should you wish to do so? Then, knowing that, make some plans for now.

Consider looking for a job. This will give you your own income, and the options that come with it — including changing your living situation should you wish to do so.  It would also be a step in establishing yourself as financially independent — so future financial aid can look at your income — not that household income of your parents.  Check with your school’s financial aid office to get a sense of what you need to do to establish financial independence, should you wish to do so.

Your plan to consider 7 sister schools sounds like a good one for you.

tldr: Don’t go into debt for an environment that you despise.

I’m sending good thoughts your way, OP.

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I went to an Ivy, and yes it can help open doors - especially early in your career. But I have plenty of friends that went to non-Ivies that do just as well (or better) than me in terms of salary and career.  If you loved or at least liked your school I would say it could be worth it, but it sounds like the school makes you miserable.  I would say with many jobs it's the relationships and networks (who you know, not what you know) that have a big impact. And, you can develop a strong network at almost any (reputable) school. And, now you also have a FAANG internship on your resume.  Go to a more affordable, less cut throat school (possibly a state school) that won't make you miserable. If you had the credentials and work ethic to get into an Ivy, you can likely distinguish yourself at a less "competitive" university. Based on my experience hiring, having relevant and "impressive" internships or work experience on your resume was really the deciding factor (if the person wasn't coming "recommended" from a colleague or someone in a leadership position). Not going to an Ivy does not mean that you don't have a bright future ahead of you. Going to a school that makes you suicidal - not so much.

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