Reply to What's the Cutoff For Schools That Are Worth the Money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My child was admitted to a school that costs 80k a year. 
10k merit aid

We are actually UMC and make 300k HHI

Major is Psychology.

Other college choice is 40k a year with 20k merit aid.  It's not a T50 and not a well known name.

It's hard to turn down bragging rights, but being saddled with a mortgage level amount of debt at 22 (or if we take it on, 62) seems like a terrible decision for a name on your resume.
[/quote]

It is a terrible decision. Really for any major, but especially for a major in psychology, where pay is often low and graduate school is really essential to actually using your degree in that major. [/quote]
+1 psych majors will need a masters and license to practice and make decent money.

My niece went to a no name state univ for her psych undergrad and graduate degree. Got her license, and now working for herself and making six figures .  Still, she had to take student loans for grad school, but she worked 3 jobs to pay her way through grad school, and now is making enough to pay off her loans.[/quote]

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