Governor’s State was the first to accept me and they gave me until January 2nd to secure my spot. I had to pay $1500 plus take an extra class for $700 with them. Northwestern took me off of their wait list this week and are giving me until Feb 24th to pay the $1000 security deposit. Governors State starts classes May 15th; literally the day after graduation. Northwestern starts classes like September 5th. Tuition at Governors for 3 years is a total of close to half of that at Northwestern.
HELP! Having trouble making a decision between Governors State University & Northwestern University!
- Thread starter cm0525
- Start date
- Joined
- Jun 10, 2015
- Messages
- 11
- Reaction score
- 23
Looks like that should make the decision easy.
Money is the big issue but Northwestern is my dream school 🙁
How much is too much in student loans? I like to hear people's opinion on this.
- Joined
- Jul 22, 2013
- Messages
- 93
- Reaction score
- 38
Let's ballpark it and say that since one of your schools is half the cost of the other the prices are $50k and $100k total in tuition.
It's 3 years from now and you've just graduated with over $100k in debt, borrowed at 6% compounding interest at least, for a starting salary that ranges from around 60-80k depending on where you settle. You want to buy a house and a car but you're paying over $1k a month in loan and interest payments, which you will be doing for at least the next 10 years, likely longer.
I can think of very few reasons to go to a far more expensive school if you have a choice in the matter. Once tuition gets up around that 100k mark, the effects on the rest of your life are profound. I would save myself the suffering down the road and go to the cheaper school unless they are literally teaching out of a barn, or you have some other circumstance, like a spouse who can help you pay for school but you need to stay in a certain town for their job.
like the hundreds of posts on this forums.....IF you have the fortune of choosing a cheaper school option this is a no brainer, let's be honest people nobody cares where you went to PT school, as long as you pass the boards. The motivation to becoming a great therapist comes from within, it doesn't matter if you went to the #1 school in the country, if you are not motivated then you simply are not motivated. It is time to have some fiscal responsibility. 10 years from now you are going to look back and thank god you went with the cheaper option.
I am sure there are hundreds of people on this forums right now that would love to have the option to have a cheaper school.
I am sure there are hundreds of people on this forums right now that would love to have the option to have a cheaper school.
Ask yourself why NW is your dream school and consider if its advantages is worth twice the tuition of Gov.
Also consider that you are paying for just 2 years of school and 1 year of clinics. Is twice the loan worth it for a very small part of your career?
Also consider that you are paying for just 2 years of school and 1 year of clinics. Is twice the loan worth it for a very small part of your career?
Everyone I talked to literally says school name doesn't make a difference when getting a job. Are you confident? Are you licenced? That's all that matters. Put 100k vs 50k on a spreadsheet and compute with 6-8% interest. You will see how easy the decision is. People who get so excited when they get into USC and pick it over a cheap in state school are idiots. The follow your dream school bs may have worked in movies and in the 80s but it's a different world today.
Do an analysis like this person did, then decide which school to go to:
https://forums.studentdoctor.net/threads/my-loan-repayment-plan.997753/
https://forums.studentdoctor.net/threads/my-loan-repayment-plan.997753/
