Full-ride scholarship vs. going to more prestigious college: what would you choose?

I'm weighing the options between attending a less prestigious college with a full-ride scholarship or going to a more prestigious university that doesn't offer as much financial aid. What's more important – prestige or graduating debt-free? Would love to hear your opinions and experiences!

Hi there! First of all, congratulations on having both options. That's a great accomplishment in itself! I can tell you from my own experience with my child's college journey that there's no one-size-fits-all answer to this question. It all comes down to what you value most and what you think will be best for your future.

Weighing the benefits of prestige against being debt-free is a personal decision, which can heavily depend on your career goals and financial circumstances. Prestigious colleges often have more resources, better networking opportunities, and top-notch faculty, which can open doors later in your career. This can be especially important if you're aiming for a career in academia, finance, or other industries where the name of the school you attended may carry more weight.

On the other hand, graduating debt-free can be a significant advantage. You'll have more flexibility to pursue your passions without being held back by loan payments, and it can help you get a head start on important financial milestones, like buying a home or starting a family. I've seen first-hand how much this can ease stress and improve quality of life.

Consider your career goals, personal ambitions, and the college experience you're looking for. Reflect on how your choice may affect your future – for better or worse – and make the decision that feels right to you. Good luck!