I went to a different SLAC, now $80K a year, and I didn't even think of it for my children. A friend who graduated from Duke Law school (now $103K) said to steer clear - not worth it. We sent one to UVA. The second wasn't a UVA candidate so went to another Virginia in-state school. Now both are talking about grad school so we're glad we banked the money (especially in this market!) for grad school expenses. |
Yup, lots of denied already happened. I’d suggest you apply to more than just Duke and UVA. The world is different than we applied. Even with perfect GPA and SAT, people are getting denied from MIT and Chicago this Fall. |
PP here. Seriously, where did I say W&M? W&M is another public school in Virginia, which doesn’t really matter for this discussion. W&L is a private college in Virginia and its stats are apparently better than UVa’s. Now if you compare W&L with Duke, another private college, which one do you think is better? What does it mean for a comparison between UVa and Duke? I know it’s obvious to everyone except for one person who kept insisting UVa’s admission is harder than Duke’s. Are you the same person? |
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Unless it's one of the top 5 (HYPMS) I would not be willing to pay $75K. Sure there is a tier of schools (Chicago, Northwest, Duke, Johns Hopkins, Berkeley, UPenn, ..., etc. come to mind) that I believe are more prestigious than UVA, but they are not worth that much a tuition difference compared to in-state UVA, if you are the one to pay in full and you are not the super rich.
If you could get a financial aid that makes the whole cost at those schools comparable to UVA, sure definitely pick those schools. Otherwise, need to think harder before you decide. |
Based on average net price and earnings, projected ROI for Duke (actually Net Present Value) is significantly higher than UVA. 30 Year NPV rank is 26 for Duke ($1.327M) vs a rank of 128 and $0.981M for UVA. This analysis was done by the Center for Education and the Workforce and is based on federal data. https://cew.georgetown.edu/cew-reports/collegeroi/ The Center for Education and the Workforce also did analysis which compares actual earnings at colleges to expected earnings based on selectivity and the mix of majors of graduates (certain majors, like engineering, have significantly higher salaries, at least initially, than many other majors). In that study, median earnings for Duke graduates was $76,700 vs expected of $61,800, for a "value add" of $14,900. UVA had median earnings of $58,600 vs expected of $61,000, for a value add of negative $2,400. https://cew.georgetown.edu/publications/reports/page/2/ |
+1 - This is exactly how I feel. DS is interested in engineering, so this is especially true! |
There are far more than 5 schools better than UVA in engineering. It has historically been a weaker part of UVA. But I do appreciate cost differentials. |
Those are significant differences. I wonder what accounts for it. |
My point was that for engineering there aren't but only a few schools that I'd pay additional for. If you have financial aid and it's equal or less than in state schools, then great, go for it. We are a donut hole family, so if DS doesn't get into S or M, then he needs to find a school that costs the same or less than our in-state options (most likely VT). |
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Do those ROI reports take into account the family connections/status/privilege? I’m willing to bet those account for lots of the difference between certain private and public schools.
I’m with the PP— ours won’t go private without lots of aid unless MIT, Caltech and maybe Harvard or Princeton. And this from someone who went to Duke. Not worth it anymore. |
If you don't come from connections or privilege, it could be that you are more likely to be exposed to it and benefit from it at Duke. |
Majors. UVA probably has more students in the “helping professions” areas, where we tent to underpay people. |
Quick google results. UVA has a school for education. Duke only has an education minor. |
The second of the CEW reports above accounts for the different mix of majors at the schools. It calculates expected earnings based on the majors of graduates. Then it compares that to actual median earnings based on government data. Duke does significantly better in that (median of $77K vs expected of $62K) than UVA (median of $59K vs expected of $61K). |
Even if the number is true, the NPV for the cost difference of UVA in-state makes the difference insignificant. |