Accepted to Emory!

This was a sensitive discussion in our household in the early years. My wife went to Emory and i went to Ga Tech. My joke was that if you graduate from Tech, you got a job and if you went to Emory you graduated with a debt and a one way back to grad school to become a English teacher.

Most of the graduating friends with my wife had to go back to school cause they could not get into law or med school.

But in all honesty i have to say that if you are very confident that you can do very well at Emory, then it would be well worth it. If you just want prestige to add to your resume, then the 100k + debt is not worth it.

And no my wife is not a English teacher. She went onto Wash Univ and got her masters.

Back then she was paying 43k per year and I was paying 2,163 per year. And I make make way more than she does. Cheap shot I know

 

James,

Great post. Congrats on getting into Emory. That is a great achievement.

Is Emory worth it? From a $ perspective, you answered your own question. If your assumptions are correct, your starting salary would be about $18,000 per annum more than the alternative. Balance that against the $660 monthly payment. You have already done the math.

Also, forget about money for a minute. Where do you want to go to school? Sounds like Emory. That would be a great choice. Great education. Should be a great springboard to the rest of your career and life.

I am biased. I am an Emory grad. I am also on the Oxford College of Emory University alumni board. One of my duties this year was to talk to some high school seniors who had been accepted to Emory to answer their questions from the perspective of a former student. One question I got was about financial aid. I dug into the process since I was not familiar with it at all. It is very interesting. As you know, the school's decision to accept you or reject you is done without consideration of your ability to pay. An accepted student with documentation for no family ability to pay will result in the school covering the cost. Given your situation, I assume your family has the ability to cover some of the expenses.

I wish you the best of luck with all of this.

Jack

 

Congratulations. I graduated from Emory two weeks ago and consider attending Emory the best decision I've ever made. It's opened doors I never thought possible, and changed me in an indescribable number of positive ways.

You have a PM with my thoughts.

 

Congrats James !!! I'm an Emory grad, or as we say, an Emoriod !!!! It was a tough school when I was there and I'm sure it hasn't gotten any easier ! Best of luck to you !!
Do they still have Wonderful Wednesday ? For us , Wed was a no class day !! Like having 2 weekends in every week. Of course, we used that time off for studying !!! (LOL)
Oh Yea, When I was there , It was less than $1000 per quarter tuition !!!!!! can you believe it !!!???

Kayakjack : I also went to Oxford my first 2 years !!!
Small world !!

 

They still have classes on Wednesdays, but the concept of 'Wonderful Wednesday' lives on with a fun party in Asbury Circle (right in front of Dobbs Res Hall, my freshman dorm) each Wednesday. There's music, giveaways, big inflatable things you can jump in, cookouts, etc. etc.

They started it up again in 2006 and it's been a huge hit with Emory students... except those of us who live in Dobbs and have no early classes Wednesday morning!

PS - you should get Emory plates for your 355. High-visibility marketing!

 

The ad valorem taxes piss me off so much. I don't want to give the state of GA, anymore $$ than necessary !!!!!

 

How's this: I bought a two and a half year old car in January 2010 and paid sales tax of ~$1,200. My birthday was on Saturday, so the state got another $350 out of me earlier this month. Recently, I've been provided a company car by my employer, so I now will be selling my car.

So that's ten percent of the car's value to the state in just six months of driving! Ouch!

 

I went to Vanderbilt University, right next door to Belmont. While I absolutely loved my time in Nashville, I'd go to Emory. You want to get into banking, you sound like a very competitive student with a great GPA, and I don't think you'll find what you're looking for at Belmont. A huge percentage of the students there are music business majors, and I can attest that they come from a different mold. Granted, I'm sure there are some fine students at Belmont, but Emory will put you on track to compete with the best in the country. Trust me, you need to make yourself competitive right now. I graduated last summer and secured a position as a financial analyst, having to beat out over 300 applicants to do so. Challenge yourself, work like hell, and the money will take care of itself.

 

They raised tuition to $1,000/quarter just after I graduated (Oxford '69, Emory '71). I thought they were crazy. I thought nobody would pay it. I thought the school would be a ghost town. Shows you how much I know.

Jack

 

You were one year ahead of me !

 

Vince,

I attended the reunion for your class last month at Ted Tzavares' place (Great Gatsby's). Warren Brook thanked you for providing the wine. I thought, "I know that guy".

Everyone else looked so old!! LOL

Jack

 

No financial advice for you, but congratulations!

 

+1


FWIW, I graduated from another school some 15 years ago and those loans are still being paid out. That just sucks...of course, my priorities and job prospects perhaps aren't quite as bright as yours may appear right now.


PDG

 

First off congrats on getting in.
A very good Biz school we looked at seriously for our son.

Advice my mom gave me years back;
Put your money in your education.
(As a bonus they cant repossess it )
You will carry the pride of graduation from the school of your choice for the rest of your life.
Emory also may give you the slight edge when it comes time for grad school as well.

Do whatever it takes.
Provided the answer to the above statement is Yes.

 

I guess you see how Oxford and Oxford College have and are growing.

Ciao,
George

 

I hated to miss the reunion, but had a family wedding to attend in B'ham. Had to go over Fri, returned Sun.
I agree ! The pictures that I have seen from the reunion, Everyone looks so old ! Lucky for us that we have kept our Youthful appearance !!!!

 

Congratulations! Emory is a great University for a great education.

 

Good school - small world…… well kind of.
My wife graduated from Oxford in 79 and Emory in 81. She had no trouble getting into Grad. School (UGA Law). Unfortunately she only stuck to it for a year to drop out and move to Florida to marry some jerk. We’re still married and she credits Emory for getting her into American U. for grad school.

 

Congrats on the acceptance to Emory. I graduated from the college('84) and med school('88) and really loved my time there. So I have to recommend the school, but keep in mind substantial debt will cripple you financially without some sort of a plan to minimize it. Just look at the global financial crisis hitting us now....it's all caused by massive debt loads.

 

Great choice. Smart move. Look, if you have a 4.0 average through your sophomore year, you should do just fine at Emory.

Jack

 

Also with this decision take into account how much you love the school. I am currently attending High Point University, I will come out about $50K in debt. I feel this is worth it because I am doing great at this school. It is all about where you feel value.