Let me guess, you still live within 7 miles of your high school. |
That's even better if the scorecard data controls for extraneous factors. Scorecard also shows the following: MIT. $94200 Harvard. $90900 Yale. $83200 Princeton. $80500 Stanford $85700 Duke. $77000 UChicago. $65000 |
????? PP here in California. |
???? Several hours away from my HS. Also went to a private university several hours away from my HS. As a woman, I’d be more concerned about getting raped, murdered, or run over in C-ville than anything at Chicago. I’d love to hear students’ perspective on safety, like the survey above. |
Have you been out of your state before? Despite the high-profile case of murder at CVille, the crime rate is very low - its an area made up of mostly upper middle class families with the extremely wealthy owning huge properties all over the Piedmont. To compare Chicago and Cville in terms of safety is laughable. |
What else would you use it for? If you've saved ~ $300k in a 529, it's not like you can suddenly decide "oh hey I'd rather give this to you as a house down payment." |
To add to this, I just don't get the point of these types of questions. Listen, we're saving as much as we can for our kids' college educations ($1250 a month per kid). I'm sure they'll also apply to their state schools as backup. But if they get into high priced privates, that's where they'll go because that's literally what we're saving the money for. I just don't get it. Why save that money if not to pull it out now and be like "hey yes you can in fact go to that school that costs $70k a day." |
| You can smell the strivers in this thread. Jesus Christ, relax. |
For one thing it changes ROI calculations because the spread between the costs of the two schools narrows dramatically in that income bracket. (It’s only about $6,400 per year, and the salary differential at year 10 is about $4,800 per year. Chicago is the higher figure in both cases). Also, a working class kid’s version of what a comfortable salary looks like may well be very different from an upper middle class kid’s. (I say this as a former working class kid who chose academia over BigLaw — both represented upward mobility to me, and one involved work that seemed to me to be a helluva lot more interesting than the other.). Plus the UMC kid may well have opportunities not available to the working-class kid (based on upbringing, network, wealth, etc.) I’ll also add that a worker whose terminal degree is a BA will be at a very different place in his or her career (wrt future earning potential) 10 years out of college vs a worker who has earned a PhD or MD or even a JD. This is a separate issue from the unrepresentative sample, but it also affects how you interpret the data. Personally, if I were an ROI type, I’d be more interested in earnings/assets of alumni in their mid 50s than their early 30s. For the (other) poster who claimed that scorecard data was for all alumni. Nope, the website is quite specific: “Salary After Attending” is defined as “The median earnings of former students who received federal financial aid, at 10 years after entering the school.” (Emphasis mine). |
Grad school, other kids. |
Some of the dumbest people I've seen came out of UChicago and Claremont McKenna. It's not that they were dumber than others. They were as smart as others, but they constantly underestimated others and/or overestimated themselves. Long story short is one of them decided to quit after she realized people really don't care for her or her attitude. Last we heard, she was driving Uber. That was her choice. |
Yes to all of this. I see this all of the time in Northern Virginia. They can’t handle the fact that no one cares about their “pedigree” and are seriously butt hurt when they realize that you make more money than they do, even with state college quals. It’s kind of fun to rile them up! |
| Ha! So true. I grew up in an area where no one attended top tier schools so I always had this idea that going to one of those schools implied certain things about one’s intelligence. One nice thing about now living in DC is that I’ve met enough people who went to fancy top-tier schools to immediately disabuse myself of any notion that going to them means someone is particularly smart. Or in a lot of cases, even remotely competent. |
If you've saved enough that your savings = 4 years @ $70K, they could also choose to go to the 4 years @ $40K school and have grad school paid for too. When you are talking about UofC vs. UVA that seems like the wiser choice. A student who does well at UVA is not going to lack in opportunities for good graduate programs. |
Out of “my” state? Which one is mine exactly? Which high-profile murder do you mean? The lax girl? The blond downtown? The girl run over by the white supremacist? I’d be more worried about rape TBH. |