Anonymous
04/17/2023 13:59
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The opinion of any poster saying choose Penn State over Yale is worthless, because none of them would ever choose that for their own kid.
Pfft. I'm sure it's happened many times.
I've seen it happen for a free ride or close to free ride at schools ranker lower than Penn State, so yes, it does happen.
I've also seen it happen for athletes offered athletic scholarships elsewhere or perhaps have a chance to play for a more successful/established team. This might actually be a tough choice if OP's son was playing football or basketball at Penn State and had dreams of playing after college, for example.
Not saying "it never happens!" I'm saying every one of you in OP's position would choose Yale. Every person reading this.
(Unless there is another reason, like kid is having a breakdown and needs to be closer to home, or something)
Well, we don't know the exact details of OP's position, including:
(1) Intended course of study
(2) Whether this will affect opportunities available for siblings
(3) Whether this will affect retirement
(4) Whether this would require loans (though I'm assuming not, since OP said they could afford either option)
Exactly. Making absolute statements about what EVERYONE would do is kind of stupid on a planet with 8 billion people.
It would have to be a very specific scenario for Penn State to make sense in this case. OP gave us two facts. Her son loved Yale and they can afford to pay for it. With those two facts in play, its hard to imagine what additional information we could get that would have Penn State be a more logical choice than Yale.
Anonymous
04/17/2023 13:57
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:You all live in a world I don't understand. As an engineering major, of course I'd choose Penn State over Yale.
I would think OP would have mentioned that if that were the case. Not sure why someone set on studying engineering would even apply to Yale.
It's a weird combination, regardless.
Agreed.
Anonymous
04/17/2023 13:55
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
Those are federal loans. You can always get private student loans as long as parents co-sign and credit worthy. https://www.salliemae.com/student-loans/get-ready-to-borrow/decide-how-much-to-borrow/
The child can take out max $5500 a year under FAFSA. No private lender will give a 17 or 18-year -old Sloan because they have no collateral. The parents must fund the difference. All the stuff you hear about student loans issbojt grad school
You are wrong and right. The parents can co-sign a private loan for the child (if that's what you mean by fund the difference). A child can't take one out on their own - but a parent can co-sign a private student loan.
Anonymous
04/17/2023 13:55
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
Those are federal loans. You can always get private student loans as long as parents co-sign and credit worthy. https://www.salliemae.com/student-loans/get-ready-to-borrow/decide-how-much-to-borrow/
The child can take out max $5500 a year under FAFSA. No private lender will give a 17 or 18-year -old Sloan because they have no collateral. The parents must fund the difference. All the stuff you hear about student loans issbojt grad school
Technically it is a higher limit ($27k spread over 4 years, with $5500 being the freshman limit) but ageee
Anonymous
04/17/2023 13:50
Subject: Yale vs Penn State - Your Honest Opinion Please
How is this even a question. If you kid lived Yale and go into Yale, I’d make it work.
Anonymous
04/17/2023 13:42
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The opinion of any poster saying choose Penn State over Yale is worthless, because none of them would ever choose that for their own kid.
Pfft. I'm sure it's happened many times.
I've seen it happen for a free ride or close to free ride at schools ranker lower than Penn State, so yes, it does happen.
I've also seen it happen for athletes offered athletic scholarships elsewhere or perhaps have a chance to play for a more successful/established team. This might actually be a tough choice if OP's son was playing football or basketball at Penn State and had dreams of playing after college, for example.
Not saying "it never happens!" I'm saying every one of you in OP's position would choose Yale. Every person reading this.
(Unless there is another reason, like kid is having a breakdown and needs to be closer to home, or something)
Well, we don't know the exact details of OP's position, including:
(1) Intended course of study
(2) Whether this will affect opportunities available for siblings
(3) Whether this will affect retirement
(4) Whether this would require loans (though I'm assuming not, since OP said they could afford either option)
Exactly. Making absolute statements about what EVERYONE would do is kind of stupid on a planet with 8 billion people.
Anonymous
04/17/2023 13:40
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
Those are federal loans. You can always get private student loans as long as parents co-sign and credit worthy. https://www.salliemae.com/student-loans/get-ready-to-borrow/decide-how-much-to-borrow/
The child can take out max $5500 a year under FAFSA. No private lender will give a 17 or 18-year -old Sloan because they have no collateral. The parents must fund the difference. All the stuff you hear about student loans issbojt grad school
Anonymous
04/17/2023 11:58
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The opinion of any poster saying choose Penn State over Yale is worthless, because none of them would ever choose that for their own kid.
Pfft. I'm sure it's happened many times.
I've seen it happen for a free ride or close to free ride at schools ranker lower than Penn State, so yes, it does happen.
I've also seen it happen for athletes offered athletic scholarships elsewhere or perhaps have a chance to play for a more successful/established team. This might actually be a tough choice if OP's son was playing football or basketball at Penn State and had dreams of playing after college, for example.
Not saying "it never happens!" I'm saying every one of you in OP's position would choose Yale. Every person reading this.
(Unless there is another reason, like kid is having a breakdown and needs to be closer to home, or something)
Well, we don't know the exact details of OP's position, including:
(1) Intended course of study
(2) Whether this will affect opportunities available for siblings
(3) Whether this will affect retirement
(4) Whether this would require loans (though I'm assuming not, since OP said they could afford either option)
Anonymous
04/17/2023 11:50
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
I went about 30 years ago when I think tuition and board were about 35 K/year, and I think I took out 15K in loans per year. We used my savings and my parents paid the rest. My parents also helped me pay off my loans afterwards, which was extremely kind of them.
Anonymous
04/17/2023 11:48
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
Those are federal loans. You can always get private student loans as long as parents co-sign and credit worthy. https://www.salliemae.com/student-loans/get-ready-to-borrow/decide-how-much-to-borrow/
Anonymous
04/17/2023 11:46
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:Anonymous wrote:The opinion of any poster saying choose Penn State over Yale is worthless, because none of them would ever choose that for their own kid.
Pfft. I'm sure it's happened many times.
I've seen it happen for a free ride or close to free ride at schools ranker lower than Penn State, so yes, it does happen.
I've also seen it happen for athletes offered athletic scholarships elsewhere or perhaps have a chance to play for a more successful/established team. This might actually be a tough choice if OP's son was playing football or basketball at Penn State and had dreams of playing after college, for example.
Not saying "it never happens!" I'm saying every one of you in OP's position would choose Yale. Every person reading this.
(Unless there is another reason, like kid is having a breakdown and needs to be closer to home, or something)
Anonymous
04/17/2023 11:43
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.
How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:
$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.
Anonymous
04/17/2023 11:35
Subject: Yale vs Penn State - Your Honest Opinion Please
What level private would you choose Penn State over in this case?
Anonymous
04/17/2023 11:34
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Yale could open such large career doors that 35k/yr could be a blip in 5yrs. What if ds made $120k coming out of Yale?
Sure. And my Penn State friend went to Yale Law School and is making a lot of money.
Anonymous
04/17/2023 11:33
Subject: Yale vs Penn State - Your Honest Opinion Please
Anonymous wrote:Anonymous wrote:You all live in a world I don't understand. As an engineering major, of course I'd choose Penn State over Yale.
I would think OP would have mentioned that if that were the case. Not sure why someone set on studying engineering would even apply to Yale.
It's a weird combination, regardless.