Is "Public Ivy" really a thing?

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08/15/2019 14:33

Subject: Is "Public Ivy" really a thing?

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Anonymous

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Anonymous wrote:It's possible to acknowledge that from an ROI perspective, there are many great schools on par with ivies that cost a lot less. This is especially true for undergraduate education, which is the whole ball of wax.

But it's always amusing to read the responses from people shelling out the price of a house for their snowflake's education and then sniff that say, "sure, they're perfectly fine but Hahvahd is bettah." At the margins, maybe it is, but a decade down the road, it's very possible the Public Ivy grad is out-earning the snowflake and, as a bonus, probably living a more full life.

1. Yes it's possible that the PI grad is earning more but which have more opportunities/easier time respectively? Also PI grads in engineering etc are always going to out earn those in other careers. I know coders that earn more than any supreme court justice. "Full Life", well I don't know how you measure that. I have an "off the grid" family member who feels his life is full.

2. Many people feel ROI is a stupid way to value education. A CC accounting degree has the best ROI, so just get that, right?

3. Your use of the term "snowflake" shows that you are an ass and no one should take any of your points seriously.

Correct on all points but especially the bolded.

ROI is not a stupid way to value education when you are comparing, for example, two colleges in the top 25. No one is using ROI to compare Harvard to a community college. That would be stupid. ROI would be a valid consideration for UVA or UCLA in state versus Harvard or Yale.

OK so it's stupid when you think it is and not stupid when you don't think it is. Got it. Makes sense.

That's how life works. Many things make sense in some contexts and not in others A component of RIO is cost. If your kid got a full ride to Duke and also got into Harvard with no financial assistance, wouldn't you at least consider the difference in cost, even if you ultimately decide to go with Harvard? I an not one to use the phrase public Ivy because my kid either gets into an Ivy or not. However, I do think that ROI is a valid measure when comparing colleges within a certain range of each other when costs (including housing) can be $320,000 for four years of unndergrad. Of course there are other factors/intangibles that go into the decision making process like prestige and geographical mobility, to name a couple.

What your talking about now is cost and value, not ROI. They are not the same thing. Do you understand that? No on says don't consider cost.

ROI is calculated based on what you put in (cost) versus what you get out (income). If you thought your kid would make exponentially more by going to Harvard, then you may pass on the Duke scholarship. If you thought they'd make about the same, you might take the Duke scholarship because the full Harvard tuition wouldn't result in a meaningful difference in salary. You can call it cost and value, but that's basically a ROI analysis. But, that's clearly lost on you, so we'll call it "cost and value."