Reply to Middle class families - Are you willing to take on a ton of debt for a top college?

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[quote=Anonymous][quote=Anonymous]Didn't read 15 pgs of this - but for me it depends on how elite the school is + what the kid intends to study. If they want to go down the finance or law road, I would take on debt for Columbia or Wharton - and of course for Harvard. At the end of the day, those are prestige driven professions and while people will pop up saying -- I'm in those fields and have made tons of money -- reality is that investment banking and biglaw recruiting has really narrowed to 5-10 schools; unless you're somehow famous/important, you aren't getting in with a degree from the U of Alabama. And if you're looking at it from a net worth perspective, starting in banking and biglaw with huge bonuses at a young age sets you up from a net worth perspective and allows you to "downshift" to very respectable jobs later if you want that'll still pay you 150k.

Now if a kid wants to go to UPenn to study history and then do teach for America and find there bliss -- um no -- they can go to state flagship u for that sort of thing.[/quote]
As the list of undergrad schools posted by a PP shows, BigLaw doesn't give a shit where you went to undergrad. It's your law school, and law school only.[/quote]

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