Hello All!
Recently, I was fortunate enough to be taken off the Booth Waitlist. However, a few days of elation was quickly replaced by anxiety over the amount of loans I will need to take out. I was offered no scholarship. Thus, my two year cost will be about $180,000. In addition, I still have $60,000 in undergrad loans. This means, I will have about $240,000 of loans when I graduate. I just read a report stating that the average indebtness of a Booth graduate is around $75,000, which seems so low! So my question for you guys if do you think Booth it is worth 180K plus the 60K of undergrad loans that I have? Should I apply to a lower-ranked program and hope for a sizable scholarship?
A little about my background. I currently work in the non-profit sector and make around 55K a year. I hope to work within the consulting industry after Booth for a few years to pay off my loans. I know everyone says a top 5 school is worth every penny, but I'm trying to fathom how long it will take to pay everything off.
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