Financial Help.

[I'm No Superman]

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So I just got accepted to the school I've wanted to go to for the last 3 years... However up until now, I really haven't considered debt or lack thereof with respect to my future. I can go to my state school for ~20,000 over four years. My dream school, on the other hand, 200,000.

Also, my father said that he would pay for one of my post secondary schools (Tuition, R&B, etc.), which means that I could get out of college with either 20,000 of debt, or 10 times that. Even though I feel like I'm answering my own question, I'd like some input. Should I do "less debt", which seems to always be the right choice, or "dream school"?

 

[gettheleadout]

Wait, I'm confused, your father said he would pay for one of your post-secondary schools, so why worry about the debt in this choice? Are you saving that bullet for med school cost?

 

[I'm No Superman]

Wait, I'm confused, your father said he would pay for one of your post-secondary schools, so why worry about the debt in this choice? Are you saving that bullet for med school cost?

Well, if I didn't go to my state school, he would pay my college tuition, and I would pay for med school. If I do go to my state school, he would pay for med school, and and I would pay for college.

 

[gettheleadout]

If it's really your dream school and it'd be paid for I'd take it and worry about med school later. But that's just me.

 

[Sophocles]

If it's really your dream school and it'd be paid for I'd take it and worry about med school later. But that's just me.

Although it's paid for by your father, I think the logical choice is to do the rational altruistic thing. Go to the state school, bust your ass, and come out on top (pay for this one). Then, go to the best medical school you can get accepted to and have your father pay for that one. Just my opinion.

 

[gettheleadout]

Although it's paid for by your father, I think the logical choice is to do the rational altruistic thing. Go to the state school, bust your ass, and come out on top (pay for this one). Then, go to the best medical school you can get accepted to and have your father pay for that one. Just my opinion.

Why is it more rational or altruistic to have the father pay for the later schooling? The average debt of medical graduates is close to $200k anyway, so what's the difference?

 

[Everett True]

Well, if I didn't go to my state school, he would pay my college tuition, and I would pay for med school. If I do go to my state school, he would pay for med school, and and I would pay for college.

My opinion: go to the state school, do great there, and have your father pay for med school. You'll come out of med school with 20K in total debt rather than 200K, which seems to me like enough of a difference to justify going almost anywhere.

The only reasons I can think of to go the other way are: 1, you absolutely loathe your state school and could not tolerate 4 years there under any circumstances, or 2, you're absolutely confident in your ability to get a scholarship to med school.

 

[Starlightembers]

Ultimately, you will be paying off your debt. Would you rather, at age thirty or so, have to pay off 20k or 200k+? Only you can answer if your dream school (UofMich if I remember correctly?) is worth having to deal with the latter.

Personally, I would take the state school; however, I also have no financial support from my family at all (due to lack of the money being there in the first place) and would kill to be in your situation right now. So, take that opinion as you wish.

 

[raltima07]

Have your father pay for med school - imo.

 

[CeeEstee0]

If you payed for your state school, and youf father payed for medical school, you could graduate virtually debt free! I can think of no better felling than that. Ultimately, this comes down to how much you value your dream school. Is it worth years of paying off debt to go there?

 

[gravitywave]

this is all moot unless we know exactly which schools we are talking about.

 

[Starlightembers]

this is all moot unless we know exactly which schools we are talking about.

IIRC from some of his other posts, the dream school is UofMich and the state school is UofNebraska-Lincoln.