The New America: Elite Privates forever out of reach for UMC?
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Anonymous
Well, it's true that someone with a med degree from an average medical school will outearn the Ivy student who decides to become a teacher or librarian. And there's nothing to prevent the student at the cheaper state school from becoming as well educated as the Ivy student. So there's a valid point there. No one should measure their self-worth by having gone to an Ivy. It's four years and for most grads, does little to help the long term outcomes. |
Anonymous
They were never affordable, is the point. Listen. I grew up in a community where no one got to go to an Ivy. It did not matter how smart or hardworking they were. The #1 kid at any high school in my area with a 35 on the ACT and sports and work and volunteering did not get to go. No one went, period. I didn't think that the best kids went to Ivys, I thought "coastal elites" did. It's clear from this thread that those coastal elites thought they should get to go because they earned their spot, not because their parents could buy them their spot, and are mad that they can't also buy their kids a spot. Sorry, expensive stuff is expensive. |
Anonymous
That isn't what the research really shows. https://cew.georgetown.edu/cew-reports/collegeroi/ 40 year Net Present Value: MIT $2,273,000 Stanford $2,068,000 Harvard $1,967,000 Penn $1,832,000 Yale $1,777,000 Columbia $1,769,000 Princeton $1,642,000 Cornell $1,607,000 Dartmouth $1,561,000 Brown $1,377,000 UMD $1,330,000 UVA $1,291,000 |
Anonymous
And I grew up in a community where high performers did get to go to Ivy League schools. They also went to places like William, Amherst, and Bowdoin. When I graduated from high school in 1980, we all worked summer jobs in restaurants, at the swimming pool, etc., and our summer earnings made a significant dent in the expenses of our private colleges. Most of us took out student loans, but they were negligible relative to the overall cost. I grew up in Massachusetts in a very mixed income town. We were definitely not “coastal elites,“ but we were aware of the differences among various schools and what it took to get in and pay for them. At that time, the mantra was, “if you can get into a given school, there will be a way to pay for it.“ That is just no longer the case. That is what people are frustrated by. It has nothing to do with entitlement, it is frustration at the way that our society seems to have evolved into another gilded age, following an era in which we could all work hard, apply to, and enjoy the benefits of an education at elite institutions. |
Anonymous
It is what the research shows when you control for students entering statistics. |
Anonymous
Not sure about that either. Here is value add analysis where the stat of entering students and the mix of majors is controlled for in "Expected Earnings". Value add is the difference between expected and actual median earnings. https://cew.georgetown.edu/cew-reports/college-rankings/ Rank Institution State Median Earnings Expected Earnings Over/Under 3 Harvard University MA $87,200 $67,000 $20,200 5 Stanford University CA $80,900 $63,900 $17,000 7 Massachusetts Institute of Technology MA $91,600 $75,900 $15,700 9 University of Pennsylvania PA $78,200 $63,800 $14,400 57 Princeton University NJ $75,100 $66,000 $9,100 78 Cornell University NY $70,900 $62,600 $8,300 83 Columbia University in the City of New York NY $72,900 $64,600 $8,300 178 Yale University CT $66,000 $60,000 $6,000 255 Dartmouth College NH $67,100 $62,300 $4,800 790 University of Maryland-College Park MD $59,100 $59,600 -$500 845 Brown University RI $59,700 $60,700 -$1,000 997 University of Virginia-Main Campus VA $58,600 $61,000 -$2,400 |