Here are the facts, if you opt to attend any of those programsI should note that coupled with the money I have saved up and the funding I got from a private scholarship I will graduate with very little to no debt so that isn't really the issue for me.
- You will attend schools that limit your professional career because of their HORRIBLE reputation (licensure, internship, postdoc, EPPP, etc are all worse in outcome)
- You will spend money that you have saved which could otherwise be building your retirement, buying you a house, etc. and thereby reducing your long-term wealth.
- You will receive worse quality training and are more likely to come out as a weaker provider
To harp on this whole "I don't have debt- I saved the money" argument I hear on here all the time a bit further, any money you spend is money you don't have. If its debt versus if you just spend it now, the same thing applies - that is money you no longer are in possession of. You are poorer because of it. Making the argument you already saved it doesn't change that its a poor economic decision to invest money into these programs. In addition to that, you would be the exception in the range of the .001% (my estimate based on the avg debt load info APPIC puts out) if you graduate from those programs without debt/cost to you (which, btw, you wont do- see the point above about investing savings). You may think that is the case, but consider that low probability. This is not an uncommon thing that we hear on the forum and yet it is an uncommon outcome. Those things don't jive.