« on: March 15, 2011, 05:24:41 PM »
Thanks for your input Mike. I'm from the Boston area but have lived here all my life. I did my undergrad at a business school close to Boston and just don't want to look back at my life 10 years from now wishing I had left for California. Having just received my financial aid package from Pepperdine I am pretty worried now about the debt I would take on. The price tag for Pepperdine altogether is $68,316. When you take out my $15,000 scholarship and do some time value of money calculations on the debt I would have to take on I would be paying back a total of $227,642 to go to Pepperdine, $67,694 of which is just interest I would be paying for.
If I go to Ohio State, after factoring in the $8,500 scholarship I have from them I would be paying back a total of $177,558 to go to Ohio State, $17,386 of which is interest.
So I guess the question is whether or not it is worth paying an extra $50,000 over the course of 10 years (how long the loan-repayment is) to head to California instead of Ohio.