Is U Chicago worth cost over in-state UVA?

[Anonymous]

Anonymous wrote:The data is crystal clear on this: for the students who get into both but elect to go to the state school, their outcomes are the same.

Care to share your crystal clear data source?

[Anonymous]

Anonymous wrote:I believe they are really on a par, academically - so where does your kid prefer living and how much do you prefer spending are the questions that need answering. We can't answer that for you.

I'm not being snarky when I ask you this: Why do you think Chicago can charge $74,000 per year and UVA is around $30,000? Was Chicago just throwing darts when coming up with that number? If Chicago wanted to, could they fill the college with smart kids paying $100,000 per year?


...is there no difference in experience at a private U with a $8 billion dollar endowment?

[Anonymous]

Anonymous wrote:The data is crystal clear on this: for the students who get into both but elect to go to the state school, their outcomes are the same.

So all the cheapskate rich parents sending their kids off to Duke, Chicago and Ivies over the in-state flagship U fell and hit their head?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe they are really on a par, academically - so where does your kid prefer living and how much do you prefer spending are the questions that need answering. We can't answer that for you.

I'm not being snarky when I ask you this: Why do you think Chicago can charge $74,000 per year and UVA is around $30,000? Was Chicago just throwing darts when coming up with that number? If Chicago wanted to, could they fill the college with smart kids paying $100,000 per year?


...is there no difference in experience at a private U with a $8 billion dollar endowment?

UVA’s endowment is more than a billion more than U of Chicago’s.

[Anonymous]

What is your kid like, and what does he/she want out of college? The two schools are very different in most ways.

[Anonymous]

I know someone who came out of MIT with a $120,000 loan. She said she's screwed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The data is crystal clear on this: for the students who get into both but elect to go to the state school, their outcomes are the same.

So all the cheapskate rich parents sending their kids off to Duke, Chicago and Ivies over the in-state flagship U fell and hit their head?

If they did so because they think it will earn their kids more money/get more prestigious jobs/get into better grad schools, yes.

https://www.usnews.com/education/blogs/the-college-solution/2011/03/01/the-ivy-league-earnings-myth

[Anonymous]

For finance, consulting, tech, actually anything, UChicago has national on campus recruiting. Admittedly my data set is small but so far opportunity does not seem to be an issue. Their Career Services department is one of the largest if not the largest in the country. IMO though the focus should be on whether your student would be happy in a really busy environment. It makes for an interesting and full life but some people prefer to be more chill. I've learned not to worry about the GPA difference. The school has no need to admit anyone who can't so the work. And so far, no one interviewing my DC has cared about the GPA. The rep for rigor has been it's own credential. I would encourage yours doing the admitted student sessions or arrange for overnight visits.

[Anonymous]

Anonymous wrote:I know someone who came out of MIT with a $120,000 loan. She said she's screwed.

Not necessarily. If she gets a quant job on WS, she can make that with her first or second bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know someone who came out of MIT with a $120,000 loan. She said she's screwed.

Not necessarily. If she gets a quant job on WS, she can make that with her first or second bonus.

^Dh's first bonus was 60k but that was close to 20 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe they are really on a par, academically - so where does your kid prefer living and how much do you prefer spending are the questions that need answering. We can't answer that for you.

I'm not being snarky when I ask you this: Why do you think Chicago can charge $74,000 per year and UVA is around $30,000? Was Chicago just throwing darts when coming up with that number? If Chicago wanted to, could they fill the college with smart kids paying $100,000 per year?


...is there no difference in experience at a private U with a $8 billion dollar endowment?

The cost of tuition has absolutely nothing to do with whether one college is better than another. Nothing. Especially when comparing private to public.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know someone who came out of MIT with a $120,000 loan. She said she's screwed.

Not necessarily. If she gets a quant job on WS, she can make that with her first or second bonus.

But that makes it seems like she needed to take out a $120K loan to get a quant job on WS and that's not true.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know someone who came out of MIT with a $120,000 loan. She said she's screwed.

Not necessarily. If she gets a quant job on WS, she can make that with her first or second bonus.

She switched her focus to arts/music in grad school. Life happens. If you have that kind of loan, you might be locked in. You can't just become a chef or a pottery maker. She's screwed. Her words, not mine.

[Anonymous]

Anonymous wrote:The data is crystal clear on this: for the students who get into both but elect to go to the state school, their outcomes are the same.

I actually read the real article.

1. The Atlantic did a crap job with a relatively old paper.

2. The results were much more nuanced for those who were less affluent.

[Anonymous]

OP.

U of C has better resources. It is a unique and intellectually aggressive place. It is NOT an undergrad business school. Your kid will get a traditional BA there and learn things he probably won't at UVA.

UVA is a fine school, but it is not U of C.

Now, what is the value added from that experience? Only you and your family can decide that. I personally wouldn't do I think if it involved much in the way of loans, but you might have more than me.