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Agree with prior poster, and I am not rich.
I think you are choosing a place where your kid will finish forming into an adult. If you want them to do that somewhere full of frat bros or backstabbers, go for it. My child was not fully baked when I sent her away, so we both gravitated to a place that would be forgiving and steer her/him towards independence and social responsibility. For example, at the parents session when I dropped my child off, the adminstrators shared their goals (for their students) with us, so we could all be on the same page.For example, if our kid called us freshman year asking for guidance how to approach a paper, they told us about campus resources that we should direct the kids to instead. So they would learn how to solve their own problems. Similarly, they had a slide with attributes that they hoped their graduates would emulate. One was kindness. I really liked that and wondered if it would appear on the list of some hard-charging school that prided itself on sending graduates off to Goldman Sachs? |
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Inasmuch as we're using scarce public funds to pay for it, we should align the incentives necessary to ensure a net positive public benefit.
Student loans should be dischargeable, and the schools teaching (or their endowments) should do the underwriting. |
+2 I don’t get this STEM or bust mentality. But we are family of two lawyers and both parents majored in the humanities for undergrad. I fully support STEM if my kid wants it, or music, art, theatre, English, anthropology, history....you get it. |
A stem degree is not exactly trade school. It is a different type of truth seeking based on research and the scientific method and it has great value. |
+1 I got my engr undergrad at a SLAC and the trade school mentality is pretty hilarious. |
| And there is nothing wrong with trade school. |
| Problem is that colleges seem to be more and more run like corporations than academic havens. Look at Harvard’s endowment. What are they amassing their billions for? They are still clinging to legacy as they say it helps bring in money but they don’t even need the money. Many colleges and universities have a ton of real estate holdings. It all seems money driven and political rather than knowledge focused. Columbia University is the largest landowner in NYC. The president of Columbia makes close to 3M a year. Just like hospitals and medicine have become all about profit, so have universities. Maybe this is inevitable under capitalism. |
+100 |
The point is that the idea that this is some new development is ridiculous. If anything it was even worse in the past when only wealthy white males benefitted from elite colleges. I fail to see how the original sentence makes any sense. |
| Focusing intensely on career and future wages is because of the insane price of college these days. If you pay full price, 80k for 4 years, you don’t have the luxury of saying I went to college to enrich my mind. You need a high paying job to justify your parents having spent over $300,000 for college for only one child. For 3 kids, you can end up spending close to $1 million. How can you not be career focused with these kinds of costs. Canada and Europe have figured it out much better than the US in my opinion. Maybe Asia too although HS stress in Asia is just too much |
I wonder how many professors he hires with phds from third tier schools |
+1 parents are expected to save from the time their kid is a fetus or risk the kid having lifetime of crushing debt, yet we’re supposed to pretend that salary isn’t an outcome that matters |
Sure but how many books in the school library probably don’t matter then. You missed the point. |
Totally agree. |
| It's easy to agree with this in the abstract, but the fact is that it's easier to have a good life if you have enough money, and it's easier to make money if you go to a prestigious school. The employers and industries that pay the most and offer the most obvious path to prosperity hire disproportionately from these schools. That is also true for the jobs and fields that wield the most power in this country - when was the last time there was a supreme court justice, or even clerk, who didn't graduate from an Ivy/Stanford? You can get a great education many places, but the more "status" a university has, the more options it keeps open for the future. Obviously there are successful people who didn't take this route, but it's harder without that type of a well-worn path. How many of us are visionary entrepreneurs? I'm certainly not. Biglaw has been a good fit for me. |