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All I can say is, I hope a quarter million for an undergrad is worth it to you and that it helps you land a high paying job out of the gate so you can start paying off any loans. Statistically, at around 5 to 7 years post-graduation, your much lower tuition paying state school peers will end up at job parity with you. Unless your school offers some highly specific specialty program that you can't get anywhere else.

I've written here quite a bit about my school experience and why it doesn't have to put new grads into unbelievable debt. I did freshmen through MS for under $30k out of pocket -- in the U.S and not all that long ago. Looking at the subject the last few years I've no reason to think it can't still be done for maybe no more than $45-50k. Paying off all of my student debt 3 years out of undergrad, then earning enough to cover my M.S. out of pocket is a pretty awesome feeling. (BTW My school's entire endowment wouldn't even add up to MIT's yearly earned interest on their's)

If you really think that your school is where you have to go, most outrageously expensive private schools have a handsome tuition assistance program if you can figure out how to work the system -- these days you can probably get an undergrad from one of those schools for less than I paid for my education. They probably do everything they can not to advertise is. But you have to have lots of chutzpah and don't take no for an answer. Hit the tuition assistance office daily, be a squeaky wheel, adjust your living conditions to suite the requirements for maximum assistance. Need to make less than $x per year? Do that. Need to not be a dependent of your parents? Do that (make sure they take you off of their taxes, you might need a copy). Get extra assistance as a school employee? Get a crap job cleaning floors.

Do not pay the inflated sticker price just to have fashionable brand recognition for a brand that won't matter in the job market in 7 years.

Do the math and optimize. If you aren't willing to do that, it might be worth reevaluating why you went to an "exceptionally expensive" school in the first place.



Given that my calling is science, and an undergraduate degree is just a step toward your terminal Ph.D., and getting into a good program for the latter means a lot of luck if you don't have a professor who the admitting department knows recommend you and your ability to do research, yes, it would have been worth it. As long as you get a STEM degree (don't know about other departments, but then again all students have to do a serious amount of the calculus and calculus based mechanics and E&M) its generally considered to be worth the price. Ditto CalTech, and ditto the other 3 top in the world CS schools if you do that major (CMU, UC Berkeley and Stanford).

In my case, with multimillionaire parents who back in the '80s drove one vehicle with a depreciated value of 2 plus or minus years of full costs, no amount of cleverness would have helped with the financial aid office. Due to MIT's horrible money management and youth it just didn't have the money.

As for why I choose MIT, my parents attempted to set up a trap, they were sure I couldn't get into it or CalTech (I'm not a math genius, but good enough to do MIT's required level), so they said it "wasn't worth their money" to send me to any place good but those two. As it turned out, MIT was looking for people like me (ask for details if desired; one less obvious one is that they look for evidence the student can do projects, and submitted a couple of those) and I got in, not that they had any intention of paying more than they could get away with (a saving face sort of thing).

The later experiences of my younger siblings showed that it wouldn't have mattered where I went, except that I probably could have worked my way through the very cheapest possible place, but that was so down market getting into a good grad school would have been iffy. In my field of chemistry, the only none required by the subject accrediting organization courses they offered were analytical lab ones clearly intended for student for whom the undergraduate degree was terminal, for a lab tech career.




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