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I was faced with a similar situation: $40k school or a $17k school. I took the more affordable route, and the combination of the lower cost and my willingness to trade some of the "college experience" for a relatively good paying job has benefitted me immensely in the post-college world. I was debt-free less than five years after graduation whereas my peers at work are still weighed down by their loans.
Obviously, they went to expensive "name brand" schools but yet I work right alongside them. Name recognition is not everything.
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