What's the Cutoff For Schools That Are Worth the Money?
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Anonymous
| Assuming UMC, at what point does a school stop being worth the money (say sticker price) over cheaper options? Is it just Harvard and MIT? |
Anonymous
| Worth the money depends on how much money you have. If you're UMC making seven figures, then anywhere is worth the money because everywhere is just a blip in your finances. If you're UMC making 200k a year, the list is a lot shorter because your' talking about the equivalent of more than half of your take home pay |
Anonymous
| T25 + Tufts |
Anonymous
| OP here, assume ~200k where we can pay but it does cause a significant dent in savings. Only 2 kids though so we're prepared to spend for their education. |
Anonymous
| depend on the kid also(are they the motivated kind) and the major |
Anonymous
Tufts has really shitty outcome Worth one of the least. - Boston College: Average Annual Cost $37k, Median Earnings $93k - Northeastern: Average Annual Cost $30k, Median Earnings $80k - Boston University: Average Annual Cost $30k, Median Earnings $76k - Brandeis: Average Annual Cost $34k, Median Earnings $70k - Tufts: Average Annual Cost $37k, Median Earnings $67k |
Anonymous
MIT Engineering is pretty much it. |
Anonymous
WTF? not for donut hole families with now aid. Those numbers are waaaay low. It will cost you upwards of $80k+ year for any school on that list. |
Anonymous
|
No parent plus loans, no private student loans, no 401k or HELOC loans. For any school or program.
Federal student loans up to the $27,000 limit are okay. YMMV. |
Anonymous
I don’t think you understand what “average annual cost” means. In other words, what the average tuition billed to students is. |
Anonymous
It’s about more than earning potential. Tufts kids might be more prone to do things they’re interested in and not just go for the highest pay. So many Tufts bashers. |
Anonymous
??? I’m not sure you understand. The average cost listed includes students with financial aid. The question from OP was for a family paying full sticker price. |
Anonymous
| Please don't focus on a college's median earnings when thinking about this question! It is not a sound metric and skews significantly higher for schools with large CS, finance, and econ departments. CS grads from Tufts are going to make a lot of money but it isn't dominated by CS or related majors like similarly ranked schools like CMU or Harvey Mudd. While a major's earnings would be similar the schools look very different as a whole looking at a flawed metric. Compare apples to apples where you can. |
Anonymous
Lol, the federal student loan limit doesn’t even approach 27k. Try seeing where you Mr kid can go on $5,500 as a freshman (the freshman loan limit) |
Anonymous
The cost for Brandeis is way more than $34k. It's 61k just for the tuition, and $80K, all in including room and board. https://www.brandeis.edu/admissions/affordability/tuition.html My niece declined Brandeis for a large but good in state flagship with some merit. They would've had to taken out at least $80K in loans. She is sooo glad she did. She has zero loans and making good money; about to buy her first place, and she's in her 20s. She is seeing her friends who went to higher ranked schools struggling to pay loans. The vast majority of expensive colleges aren't worth it. |