It may seem like an easy question for the obvious reason, money, but what if there is more to the story then the greenbacks? It’s unfortunate that we live in a time where money is the key factor in most of the things we do. Education should not be one of them, but sadly, this fact is never going to change.

So what do you do? Choose education opportunities over debt? Here are some pros and cons on the subject:

In State

Con

There can be a lack of opportunity. Perhaps you have a direct focus for your undergraduate degree, but the colleges and universities within your state just don’t have the programs to get you there. By staying in state you’re limiting your options for what your education can be.

Pro

The biggest pro for staying in-state is one word, money. As a tax payer (you and your parents), one of the benefits is that some of that money goes towards funding for public colleges. Meaning it helps keep tuition low for in state students. Even better, the FASFA may even be able to get you a better financial aid deal as many grants are reserved for in state students.

Con

Slow growth. Of course this doesn’t apply to everyone who attends college in state, but sometimes it happens to the best of us. College is supposed to be about trying new things, and becoming an adult. However, that can be delayed if you’re living at home (it’s never fun sneaking into your room at 3am). Why learn to cook if you know Mom’s going to have a square meal ready whenever you get home? It’s great to be close to your family, but college is truly all about you and your future.

Pro

Familiarity. Sometimes a 40 minute drive is just far enough away to still receive the full college experience, and visit home on the weekends. It’s a bit contradictory, but it isn’t all bad news living at home. It’s cheaper and you’re receiving all the benefits of a great education with all the comforts of home as well.

Out of State

Con

Money. It’s nearly three times the cost of in state tuition. There are ways to claim state residency and later pay in state tuition, but it’s a bit tricky. Some universities may require a bona fide domicile or domicile for one year before allowing the student to pay instate tuition. (It’s not as easy as it sounds) But if you’re truly looking to move and settle in that state, paying in state tuition is a real possibility. If not, make sure your program is worth the cost. Cost of travel will be another factor as students generally aren’t allowed to live on campus during breaks or the summer.

Pro

The whole world is (basically) at your feet. If you attend college out of state, there’s a wealth of programs and new locations to choose from. Maybe you’ve always wanted to live in a state that gets snow in the winter and heat in the summer, or there’s a historical aspects that has drawn you to a particular college. You can aspire to be a part of some of the best programs in the country. The options are endless and the states are your oyster.

Con

Lack of support. Moving away can be fun and exciting, but when you have a bad day there might not be someone you’re comfortable with opening up too. Without your friends and family struggles can seem harder than they are. It’s also never easy being the only one left on the dorm floor if everyone else went home for the weekend.  

Pro

Standing out...in a good way. By coming from somewhere else, you instantly have an interesting factor about yourself. It’s a commendable thing moving away from home to a completely different state. The growth you’ll go through by doing such a brave act will never compare to those that stayed within their home state. Besides, if things don’t work out as you planned, you can always transfer to a different university, even one back home and that’s ok too.

Whatever you decide, the main factor in attending your dream school will always be money. By keeping in mind these factors now will only help you in the long run on picking a college. There are options for everyone. It takes some time and dedication to discover the results, but if you work hard it will pay off. Good luck!