- PowerScore Staff
- Posts: 9010
- Joined: Feb 02, 2011
- Tue Feb 27, 2018 1:05 pm
#44038
Below is a question from a student, Neil. PowerScore CEO Dave Killoran responded.
Neil: "How do you differentiate between schools that are similarly ranked? Let’s say you were offered a half scholarship at Minnesota and near full at a mid 30s school like Wake Forest? Is ten-fifteen ranking spots worth 10-15k in scholarship money?"
Dave Killoran: "Hi Neil, Thanks for the question. In most cases, unless you are talking about a Top3 school, the difference usually isn't worth it. This is mainly because the job drawing power of Minnesota simply isn't worth the extra cash vs the job power of Wake (and I say this as someone originally from Minnesota, so there's no anti-U bias here). You can see this from comparing costs and job placement data from the two schools (see https://www.lstreports.com/national/ for a trove of relevant data) and then running the monthly payment from the extra debt accrued by attending a school such as Minnesota. Is it worth it to you? I tend to be debt-averse, so for me the attractiveness of graduating from a mid30s school with no debt is very hard to ignore.
Please let me know if that helps. Thanks!"
Neil: "How do you differentiate between schools that are similarly ranked? Let’s say you were offered a half scholarship at Minnesota and near full at a mid 30s school like Wake Forest? Is ten-fifteen ranking spots worth 10-15k in scholarship money?"
Dave Killoran: "Hi Neil, Thanks for the question. In most cases, unless you are talking about a Top3 school, the difference usually isn't worth it. This is mainly because the job drawing power of Minnesota simply isn't worth the extra cash vs the job power of Wake (and I say this as someone originally from Minnesota, so there's no anti-U bias here). You can see this from comparing costs and job placement data from the two schools (see https://www.lstreports.com/national/ for a trove of relevant data) and then running the monthly payment from the extra debt accrued by attending a school such as Minnesota. Is it worth it to you? I tend to be debt-averse, so for me the attractiveness of graduating from a mid30s school with no debt is very hard to ignore.
Please let me know if that helps. Thanks!"