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College and University Discussion
Reply to "Most important reforms needed for College/ University sector?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] There are plenty of seats available for "qualified students"---just look outside the T20 schools. The differences between a T20 and a T60 school are minimal. Plenty of really really really smart kids at schools ranked 30-60. Once you realize that, not much needs to change. Just you broadening your definition of acceptable schools. [/quote] I strongly believe that market reform will happen when people who CAN affort 85K+ per year decide that that price tag is not actually worth it. Boston University vs University of Maryland - one might argue that it isn't worth 200K more to go to BU. As upper middle class truly start to embrace research that getting a degree from good public is just as predictive of good outcomes, the market will boost up the publics and cause a strain on the privates. [/quote] Except it's not likely to happen. We saved and can afford whatever schools our kids want to attend. Top kid got into 2 Top 50 schools. Both $80K+/year. One did not offer merit (simply doesn't offer much) the other gave kid ~50% of total cost/year, amounting to ~$160K total over 4 years. We allowed our kid to select the best fit for them. They chose the full cost and were right, it was a definately a better fit for them, despite fact both are excellent schools and kid would excel at either. Is the "better fit worth $40K+ more per year"? Not if you cannot easily afford it. The 2nd choice is an excellent school. Our kid is well aware than in 99% of households, it would not have been a choice, they would be attending the other school and saving over $40K/year. But we are not alone. There will always be people who are willing to pay $80K+, and if it dries up in the USA, there will always be wealthy foreign students willing to step in. [/quote]
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