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College and University Discussion
Reply to "To you, what schools are truly worth 90k/year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We were shocked to find out, during our tufts tour, that the institution has surpassed $91,000. Tufts is a good school ,a great school even, but $91k is way overselling what it actually provides and its mediocre alumni network and few career resources. I understand that the purpose of a college isn't job training, but, at some point, when you're charging such obscene prices, you have to guarantee a return on the investment beyond being a "whole, educated person." For you, what institutions are worth $90k+, if any?[/quote] I agree with you, OP. Wish more people had your sense so the price hikes would stop. I also think, with all the taxpayer money these institutions receive, citizens and legal residents should get priority. For 91K+/year (with increases every year), I’d want a guaranteed career. That’s a pipe dream of course, so why not go to a cheaper school and throw some money in an ETF or other investment vehicle for the child. I hope to do that.[/quote] +1 This is what I'm encouraging for my kid. I went to a no name state school and earn in the top 1%. What they don't tell you at these schools is that kids come in with their network that makes them successful. You don't get the full network there, just a minor sliver. So if that same kid goes to No Name State U they bring that network there and are successful. The only difference is at No Name State U there are fewer of these kids and that is what you see in the stats. Basically the charge is a tax for already connected people. It would be insane for an unconnected person to go and pay full price, but people do it. If you got more than half the tuition paid, i.e. only paid 20k/yr, maybe it's worth it. My kid will go to No Name State U and we have some connections. She will be successful no matter what university she attends, but not because of the university - it's a tick box exercise. If anyone thinks otherwise, that's fine, but a costly misunderstanding.[/quote]
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