Fordham v. Emory

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ze2151
Posts: 358
Joined: Wed Nov 11, 2009 5:51 pm

Re: Fordham v. Emory

Postby ze2151 » Tue Jul 31, 2012 12:35 pm

rick- the problem is you are only able to make the decision based on the information available before the fact. what you know for sure is that a hys degree will cost you 270k with interest ticking all the time. that is given. everything else is a variable.

i was going to write a long explanation as to why, on its face, financing a hys degree in its entirety is a terrible idea, but i realize it will likely fall on deaf ears. if you believe that's a good idea, then there's very little you won't believe, and there's very little chance i can change your mind.

DerekTokaz
Posts: 50
Joined: Mon Apr 30, 2012 1:16 pm

Re: Fordham v. Emory

Postby DerekTokaz » Tue Jul 31, 2012 1:26 pm

Best argument against HYS at sticker is that you should be able to get a full ride to a top-25 school, and at least a substantial scholarship to another T-10.

ajax
Posts: 278
Joined: Thu Jul 28, 2011 9:33 pm

Re: Fordham v. Emory

Postby ajax » Mon Sep 17, 2012 10:47 am

flem wrote:
ze2151 wrote:rick, it comes down not just to 1st year exit options, but sustainability. the reason the rule of thumb is a good rule is because, even if you could guarantee a 160k job coming out of hys (you can't) you have to be able to sustain that job long enough to pay down a mountain of debt.

in fact, i would go as far as to say that hys at sticker, financed completely, is a disastrous idea. no one should take out 250k+ in unsecured, high-interest, non-dischargeable debt. and this would only add onto whatever undergrad debt a person is carrying (and someone inclined to finance the entire cost of attendance probably didn't have a lot of money lying around at the undergraduate level and so likely has undergrad debt too). do the math on a 10 yr or 25 yr payment plan for 300k of debt. it's positively insane to advise anyone to take out that kind of student loan debt, unless the person you're advising is going to be a medical doctor (see, the stability caveat).


But hey, YOLO


Maybe the YOLO mantra is not such a great idea:

http://www.huffingtonpost.com/2012/09/1 ... 80348.html




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