125,000 Ducats for 3 Government Reforms and Military Hegemony (World Conquest)

Year 1690. Thinking about borrowing 125k to buy hundreds of universities and conscription centers. The universities give me 5 government reform progress each (via a commonwealth mission) and the conscription centers get my force limit up 1000 fast.

Military hegemony benefits (includes extra benefits from commonwealth mission): 10% Province war score cost, 1 Monthly military power, +10% Movement speed, −3 National unrest, +20% Siege ability, +2 Artillery levels available vs fort, +15% government capacity. (+some lesser buffs)

Government reform final tier: -30% War score cost vs other religions or 2.5 administrative efficiency. (+some lesser buffs)

Debt: 125k (31 loans); Revenue: 1,000; Income:650 Max Loans: 92; Interest PMT: 335; Income After Interest: 315

Current debt....0 (I'm allergic)

Military Hegemony is 100% worth buying 154 conscription centers, but I'm iffy on buying 284 universities for the government reforms. Would you build the universities?