Job market and college costs
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Anonymous
+1 It would be great if this data was presented by profession. How many graduates are in each profession, how many matriculate to top firms, law schools, etc. Plus the other data you mentioned. The data just isn't shared by many of these $90K/year non-ivy schools. Sorry but I'm not on board with paying that without the evidence. |
Anonymous
+1 Cue the SLAC boosters in 3…2…1… |
Anonymous
+1 Some schools are actually brave enough to publish the NG median income. CMU for example |
Anonymous
| Almost all the big corporates are globally expanded. They can hire anyone who speaks the language. They can pay the lowest wage they want to because they can shop any college candidate from anywhere in this planet |
Anonymous
This country was not experiencing this level of this problem to this extent a very short time ago. You can still get a very fine education at either a public or a private institution. That hasn't changed although it is starting to be eroded. But the economy is in a nosedive from a fairly robust economy not very long ago. |
Anonymous
Yes, so you teach your kid to be flexible and adjust accordingly. You teach them to take any job and find the best path forward at the time. My kid has a friend who graduated 2 years ago and hasn't landed a FT job yet in their career path (CS major with a 3.2 from our 2nd level State U). They work part time for a true startup (10-20 hours per week) and get paid little, but are gaining good experience. They work on side to build their skills level, and oh, they went out and got a job with UPS for 20-30 hours per week (they can pick up shifts as it works for them) delivering packages. They are getting $28/hr for that. Kudos to them, as they are at least working 40-50 hours/week, living at home so saving $$, and working to build a resume. While doing so, they don't have a gap in their "work experience", If I was hiring I'd hire them in a minute over another friends kid who hasn't worked in 2.5 years (CS/Data Science major) after getting laid off. Like literally, hasn't worked a paying job doing anything, just living at home. Smart kid who is still looking for the perfect job---I'd much rather hire someone who pet sat, waitered, worked at Target, UPS, amazon delivery, etc while searching than someone who just sits at home doing nothing. Most people pivot during their careers, many don't work in a field that requires "their specific degree", the sooner you learn to pivot the better. And yes, there are places hiring, so you get a job doing something rather than nothing. |
Anonymous
my kid's ivy publishes lots of data on med school, law school matriculation broken down by GPA, as well as salary for new grads, names of companies and industry sectors. They and likely most ivy/peer schools are hugely successful and well worth the $ even as full pay, |
Anonymous
State School is what smart kids from families who are not rich do who don't want to go into debt. A degree is a degree. Not being saddled with $100K+ in debt is huge...it allows you to move to a different place than you grew up as you can actually afford an apartment. |
Anonymous
+1 |
Anonymous
Ivy/similar schools often have lower net COA than in-state publics for anyone between 100kHHI and 240kHHI these days. |
Anonymous
You could also see it as the country enriching itself by taking advantage of others — including us. Wealthy individuals from around the world are coming here to compete with our children, while capable people are competing with us for jobs. Why isn’t this considered a problem? |
Anonymous
Well that is why you plan for college. It isn't a surprise that 18 years after you give birth the kid will finish HS and likely need/want to attend college or some technical training. So as soon as daycare is over you direct at least 50% of that towards college (more if you were already adequately saving for retirement). You have your kid do AP courses or Dual Entry while in HS to get college credits. You might have a semester or even a full year shaved off of college. You look at State schools that you can afford and search for merit at private schools (which might be similar in cost with a good studnet). Then you have your kid work summers, breaks and PT while one college (10 hours/week just like many of us did with WS when we were in college)---most places kids can earn $10-15K/year. They take $5-6K yearly in federal student loans and they are left with only $15K to figure out. If a parent has been saving, they most likely can find a way to fund $15K/year. If you can't afford that, you do 2 years at CC while living at home, then do the final 2-3 years at a 4 year college. If there is one nearby, you do so while living at home and save $15K+ of the $35K. There are ways for it to be affordable. Now yes, it doesn't include attending a school priced at $90K/year unless you get mega financial aide. But most states have 2-3 excellent options that are under $30-35K and there are tons of private schools that you can get the cost down to that or close if you search (hint they wont be ranked in T30 but that is okay) |
Anonymous
Well it is because it's a much better engineering school overall. |
Anonymous
| Tell me would you be happy if colleges increase tuitions beyond affordable but taking more than almost all international students because they can afford, would you be fine with that? |
Anonymous
That largely depends upon the person. I know people with Communications majors from Towson making $400K+bonus by age 35 and who have had "bonus/stock option" payouts over 3-4M as well. I also know Com majors from Towson who only make $100K/year. It's about what you do with yourself that sets the trajectory. |