re: Are out of state colleges worth it?

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Easier to get a high paying job with a degree from Vanderbilt rather than Southeastern

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With the same major? Nope
no employer has ever cared where I got my degree from

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Easier to get a high paying job with a degree from Vanderbilt rather than Southeastern

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Although I don’t agree with your statement, for purposes of argument let’s take your statement as true. You would probably have to work 20-25 years to recoup your initial investment. That’s not including interest and opportunity costs.

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Easier to get a high paying job with a degree from Vanderbilt rather than Southeastern

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It probably depends on what field you are in. Just as an example, an Audiologist who graduates from Vanderbilt is going to have the same opportunities as an audiologist who graduates from LSU. Sure, Vanderbilt might be a "better" school, but at the end of the day, both graduates are Audiologists and 5 years out of school experience is going to matter much more than the school they went to.

For more generalized degrees like business, finance, etc... I would assume that the school makes a bigger difference.