Stanford or UMBC?

[Anonymous]

UMBC is a commuter school. The campus vibe will be very different.

[Anonymous]

Anonymous wrote:It's interesting how much weight and heft people are giving the so-called Ivy and "elite" institutions given that they educate such a small number of the U.S. student population. In fact, the weight given seems outsize to their actual impact.

Since people in these fora tend to equate "success" with wealth and power" let's take a look at where the leaders of the top 10 Fortune 500 companies went to school.

Doug McMillon (Wal-Mart Stores) — University of Arkansas (BS), University of Tulsa (MBA)
Rex Tillerson (Exxon Mobil) — University of Texas at Austin (BS)
John S. Watson (Chevron) — University of California, Davis (BA), University of Chicago (MBA)
Warren E. Buffett (Berkshire Hathaway) — University of Nebraska (BS), Columbia University (MS)
Tim Cook (Apple) — Auburn University (BS), Duke University (MBA)
Greg C. Garland (Phillips 66) — Texas A&M University (BS)
Mary Barra (General Motors) — General Motors Institute/Kettering University (BS), Stanford University (MBA)
Mark Fields (Ford Motor) — Rutgers University (BA), Harvard University (MBA)
Jeff Immelt (General Electric) — Dartmouth College (BA), Harvard University (MBA)
Joe Gorder (Valero Energy) — University of Missouri-St. Louis (BA), Our Lady of the Lake University (MBA)

Additionally, Forbes list of 30 Under 30 listing the most influential people in their fields under 30 has a wide majority of people who did not attend Stanford, Yale Harvard and any other of these storied schools.

http://www.businessinsider.com/where-fortune-500-ceos-went-to-college-2015-3

Medicine is very different than business. You are not comparing it properly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's interesting how much weight and heft people are giving the so-called Ivy and "elite" institutions given that they educate such a small number of the U.S. student population. In fact, the weight given seems outsize to their actual impact.

Since people in these fora tend to equate "success" with wealth and power" let's take a look at where the leaders of the top 10 Fortune 500 companies went to school.

Doug McMillon (Wal-Mart Stores) — University of Arkansas (BS), University of Tulsa (MBA)
Rex Tillerson (Exxon Mobil) — University of Texas at Austin (BS)
John S. Watson (Chevron) — University of California, Davis (BA), University of Chicago (MBA)
Warren E. Buffett (Berkshire Hathaway) — University of Nebraska (BS), Columbia University (MS)
Tim Cook (Apple) — Auburn University (BS), Duke University (MBA)
Greg C. Garland (Phillips 66) — Texas A&M University (BS)
Mary Barra (General Motors) — General Motors Institute/Kettering University (BS), Stanford University (MBA)
Mark Fields (Ford Motor) — Rutgers University (BA), Harvard University (MBA)
Jeff Immelt (General Electric) — Dartmouth College (BA), Harvard University (MBA)
Joe Gorder (Valero Energy) — University of Missouri-St. Louis (BA), Our Lady of the Lake University (MBA)

Additionally, Forbes list of 30 Under 30 listing the most influential people in their fields under 30 has a wide majority of people who did not attend Stanford, Yale Harvard and any other of these storied schools.

http://www.businessinsider.com/where-fortune-500-ceos-went-to-college-2015-3

Medicine is very different than business. You are not comparing it properly.

Science is very different... it is what you know not who you know. Which makes a college with connections less necessary.

[Anonymous]

Anonymous wrote:My youngest wants to go to med school. He got a full ride to UMBC and took it. We could have easily afforded any school for him even without the merit scholarship. However, he wants us to fund his medical school rather than undergrad and not have student loans on his head. We will not have to take loans for the medical school because we had saved enough money for 4 years of college. I think it depends on what field your kid wants to get into. My eldest went to UMD on merit scholarship as well, and we paid for his MBA from a top school.

In your situation it made sense. I'd do the same offer. It doesn't sound like that is OP situation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My youngest wants to go to med school. He got a full ride to UMBC and took it. We could have easily afforded any school for him even without the merit scholarship. However, he wants us to fund his medical school rather than undergrad and not have student loans on his head. We will not have to take loans for the medical school because we had saved enough money for 4 years of college. I think it depends on what field your kid wants to get into. My eldest went to UMD on merit scholarship as well, and we paid for his MBA from a top school.

In your situation it made sense. I'd do the same offer. It doesn't sound like that is OP situation.

OP says that she will need to take loans for Stanford.

In such a case, they should pause and ask - what field does OP's kid wants to get into? Will she need further higher education after Stanford? How will this education be funded? What doors the Stanford name will open for her? Do a cost-benefit analysis, a ROI and then decide. Maybe the loans are a good idea because Stanford will afford them opportunities in the chosen field that no other school can offer.

[Anonymous]

Education is like medicine, it is really hard to do a dispassionate cost/benefit analysis because people are so variable and change so much with time.

When you are dying, it is hard to weight the costs versus 6 more months of life.

When you have a child, it is hard not to hope they would benefit more than they will from the best.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My youngest wants to go to med school. He got a full ride to UMBC and took it. We could have easily afforded any school for him even without the merit scholarship. However, he wants us to fund his medical school rather than undergrad and not have student loans on his head. We will not have to take loans for the medical school because we had saved enough money for 4 years of college. I think it depends on what field your kid wants to get into. My eldest went to UMD on merit scholarship as well, and we paid for his MBA from a top school.

In your situation it made sense. I'd do the same offer. It doesn't sound like that is OP situation.

OP says that she will need to take loans for Stanford.

In such a case, they should pause and ask - what field does OP's kid wants to get into? Will she need further higher education after Stanford? How will this education be funded? What doors the Stanford name will open for her? Do a cost-benefit analysis, a ROI and then decide. Maybe the loans are a good idea because Stanford will afford them opportunities in the chosen field that no other school can offer.

Where did OP say that? I don't think OP has posted again (troll?).

[Anonymous]

It took you people 4 pages to find out OP is a troll? OMG people...

[Anonymous]

Anonymous wrote:It's interesting how much weight and heft people are giving the so-called Ivy and "elite" institutions given that they educate such a small number of the U.S. student population. In fact, the weight given seems outsize to their actual impact.

Since people in these fora tend to equate "success" with wealth and power" let's take a look at where the leaders of the top 10 Fortune 500 companies went to school.

Doug McMillon (Wal-Mart Stores) — University of Arkansas (BS), University of Tulsa (MBA)
Rex Tillerson (Exxon Mobil) — University of Texas at Austin (BS)
John S. Watson (Chevron) — University of California, Davis (BA), University of Chicago (MBA)
Warren E. Buffett (Berkshire Hathaway) — University of Nebraska (BS), Columbia University (MS)
Tim Cook (Apple) — Auburn University (BS), Duke University (MBA)
Greg C. Garland (Phillips 66) — Texas A&M University (BS)
Mary Barra (General Motors) — General Motors Institute/Kettering University (BS), Stanford University (MBA)
Mark Fields (Ford Motor) — Rutgers University (BA), Harvard University (MBA)
Jeff Immelt (General Electric) — Dartmouth College (BA), Harvard University (MBA)
Joe Gorder (Valero Energy) — University of Missouri-St. Louis (BA), Our Lady of the Lake University (MBA)

Additionally, Forbes list of 30 Under 30 listing the most influential people in their fields under 30 has a wide majority of people who did not attend Stanford, Yale Harvard and any other of these storied schools.

http://www.businessinsider.com/where-fortune-500-ceos-went-to-college-2015-3

Let's try to stay on topic. The OP indicated her child is interested in medicine, not business, so where business leaders went to school is in no way helpful to this discussion.

Plus, since such a teeny tiny, minuscule percentage of grads go on to become CEOs anyway, it really doesn't make sense to point out where CEOs went to school. It makes more sense to compare the career success and prospects of the *average* say, Stanford grad vs. UMBC grad.

[Anonymous]

Anonymous wrote:I don't believe your post OP. If someone was good enough to get into Stanford, the folks at UMBC would deny the student thinking they wouldn't accept.

You're an idiot who doesn't read much do you? This scenario of a student choosing UMBC over Standford was reported on in the New York Times, Forbes magazine and several other news outlets. One of the PPs posted the link to the story of Isaac Kinde in this thread? Did you not read it?

And why do these kinds of choices bring out so much passion among people in any case? Is is your decision to make? Your child's?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't believe your post OP. If someone was good enough to get into Stanford, the folks at UMBC would deny the student thinking they wouldn't accept.

You're an idiot who doesn't read much do you? This scenario of a student choosing UMBC over Standford was reported on in the New York Times, Forbes magazine and several other news outlets. One of the PPs posted the link to the story of Isaac Kinde in this thread? Did you not read it?

And why do these kinds of choices bring out so much passion among people in any case? Is is your decision to make? Your child's?

well if it's not our decision to make, or our children's, why did OP post in the first place?

[Anonymous]

Anonymous wrote:My child was accepted to Stanford, UCLA and is offered a full ride to study Biology at the University of Maryland Baltimore County (UMBC). I am thrilled for her and am willing to pay the costs for Stanford or UCLA, but DC is leaning to the full ride at UMBC. Is she making a a mistake? How do I persuade her that she should take Stanford?

Two different universes for YOUR DAUGHTER to decide.

Signed,

Stanford grad

[Anonymous]

If you are a minority, it may make sense to go to UMBC, but if not, go to Stanford.

[Anonymous]

Why does your daughter prefer umbc?

[Anonymous]

I get PP's point about OP's daughter deciding but we do not know her reasoning. Is it sound? Is she anxious about cost?My DC, a college sophomore is, despite assurances from me that we can afford it since his grandparents are paying.

What about telling DD to try Stanford and transfer if she likes.

Has she visited? Not sure if that was mentioned.