Reply to Should I tell my DD to not be pre-med?

Forum Index » College and University Discussion

Reply to "Should I tell my DD to not be pre-med?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Transfer to UMD from Hopkins.  Let her do public policy. It is insane to pay $70K per year for Hopkins for public policy. [/quote]

It’s fine to say that to a high school student who’s choosing colleges.

If the OP is suffering from severe financial problems and can’t afford to keep paying for Johns Hopkins, and Hopkins won’t provide more aid, then of course the daughter will have to change schools, or find more cash.

If the OP can actually still afford Hopkins, the OP just thinks the kid’s ROI will be poor, and the parent will be disrupting the kid’s two jobs, disrupting the kid’s friendships, and probably adding a year or two to the kid’s time in college, then the OP might be saving about $60,000 or $70,000 on junior and senior college bills, but probably adding at least $35,000 in fifth-year public university bills.

The OP is also probably costing the daughter $30,000 in first-year-after-college income; maybe $10,000 in income and resume fuel due to the loss of the two jobs the daughter already has; and maybe friendships and networking opportunities with a financial alum of at least $10,000.

So, the OP is cutting spending by about $35,000, over two years. Maybe the OP could invest the $35,000 and end up with $70,000. But the OP would be cutting the daughter’s well-being by at least $50,000 in two years. And I think the OP would really be cutting the daughter’s lifetime earnings by something like $500,000 to $10 million, because a social justice warrior with a public health bachelor’s from UMd, UVAor UMd might earn an average of $100,000 per year running a department at a small hospital, whereas a public health specialist with a degree from Johns Hopkins could easily end up getting a good MPH or MBA and earning $1 million per year running a whole hospital, or $10 million per year running CareFirst. So, the OP is being a bad investor as well as a mean parent. [/quote]

All garbage stuff. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics