Reply to "Fully fund" college... how much?

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Reply to ""Fully fund" college... how much?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone who has worked a long time in admissions to for a top 10 grad program, I’ve learned that private undergrad gives no advantage to kids looking to go to grad school. Maybe it does for kids in certain fields who don’t plan on grad school, but otherwise it was a completely wasted expense. [/quote]

It’s worth it for a better education. [/quote]

I understand that you really need to believe that’s true.[/quote]

DP: And clearly you really need to believe that it's not.  People choose the education that fits with their needs and wants.  Some may be misguided, some not.  Graduation rates tend to be better at private schools overall--even controlling for demographic factors and income.  So most of the biggest ROI comes with graduation and most of the lowest ROI comes with spending on education but not graduating.  Likewise, smaller private schools tend not to be a protective of majors that are lucrative--major is a better predictor for income than alma mater.  My kid went to a good in-state public but then couldn't cut it to get into their business or CS schools--his preferred majors.  Had he gone to an LAC with CS there might have been no cut or he might have had better grades with the better support of first year students.  It's worked out fine, but there are a variety of reasons to choose a variety of schools.[/quote]

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