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Hello,
I need some expert advice to make a career decision. I have an admit from Price college of business and also an admit from UIUC, MBA program. I know UIUC is ranked very well but it has offered very little aid. I am probably going to invest about 40K for Price MBA and about 100K for an MBA from UIUC. I was wondering if some one can comment on what choice would be preferred. A high ranked school and a loan of 100K or a low ranked school and a loan of 40K. If possible, can youplease also speculate as to how long it would take to recoup the money invested in each school. Thank you so much.
Regards

With starting salaries of $100K+ from good schools, you could in theory repay your loan instantly if you eliminate all your other expenses You see from this extreme example, that there is no way to answer that question since it depends on your personal budget and lifestyle choices. Student loan terms can go out 20 or even 30 years if that tells you anything, but I always recommend students go to either the best ranked school they can get into, or the place where they feel they fit the best, or both (ideally). You will have to make the call on whether the better school is worth the investment based upon how well you will be positioned there to get your dream job and how well you fit within their cultures and curricula.