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College and University Discussion
Reply to "More than ROI to consider, especially now"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP’s point is very obvious but is getting lost among ROI people. Not everything in life is about ROI. Having a kid is the worst ROI experience, ever. They are a resource sink. If all you care about is ROI, your best decisions are, 1) not getting married; and 2) not having kids. Life’s ROI problem solved. [/quote] I’m not sure if small private schools, or even small, selective, rich private schools, are all better at handling Covid than big public universities. But the health of our children actually has an obvious financial value. Say, an average of $3 million to $5 million in 2021 dollars, simply in terms of future earnings. Maybe 50 percent more than that if you include cleaning, parenting and other family services provided without cash compensation. Maybe $30 million to $50 million if you include our kids’ value to their employer, assuming the value of earnings is about 10 percent of the value the kids generate for the employers. So, saving $250,000 on tuition by going with a reckless in-state public may not be a great deal, financial ROI for society wise, if you think there might be a 1 percent chance it will ruin your kid’s ability to work. [/quote] This is brilliant satire. Bravo![/quote]
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