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by nickd2001
1553 days ago
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Fascinating Q :) MIT compared to 'Z' doesn't sound good value to me! $180k debt you wouldn't have otherwise had, on top of having to do extra internships / work-study that presumably otherwise wouldn't have been required, which take away time that could've been used for studying better and having more social life / broader experiences. Sounds to me like an offer that's not an offer - "Congrats, we've deemed you clever enough to attend our prestigious institution, now pay us a s** load of money". If it were me, I'd do the calcs, what salary might you get, how long would that enable you to clear your debt in, what things in life does having to service the debt prevent or delay you from doing. If you really still want to go despite that, maybe its worth it.. but then perhaps request deferred entry for a year and try to get a very well-paid internship beforehand, to lower the up-front debt perhaps. Or... if it has to be a top tier school, consider another country! Even foreign student fees in other countries top universities would seem unlikely to produce that much debt... 1/3 to 1/2 maybe.... |
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It's very very hard to calc what an identical person would get Salary wise with MIT vs Z.
Very likely the average MIT grade makes 2-3M more during their lifetime than the average Z grad, for a tech-y degree. Which is why they can charge 180k.
FWIW I went to state school and did fine, but I know many people at big name schools did better. But now I run my own startup, so my degree doesn't even matter.