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College and University Discussion
Reply to "Few days to decide: U of Virginia or U of Chicago?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think there is any question. Univ of Chicago is now $76,000 a year. UVA instate's tuition is $14,710. (our DS lives off campus so doesn't have dorm, food service, health service fees). He has no car so only expenses are shared apartment and food. Our total outlay was probably $22K this year. Even using UVA's cost calculator for a student living on campus at $32,000, you are still looking at a difference of $44K a year which is in after-tax dollars. We would have to make $70K to pay the difference. [b]Multiply that by four or five years and you have enough to pay for grad school, which is exactly what we are doing.[/b] Go to UVA and bank the difference, if you have it. If you don't have it, you should be going to UVA anyhow. DS has had a wonderful four years. Chicago is full of smart kids but it is cold and dark and fun indeed goes there to die. [/quote] [b] No, absolutely not. Nobody should pay to go to grad school (professional school like law and medicine are the exception). Grad students should be offered a teaching or research assistantship which comes with tuition waiver. If you are paying for it, they don't really want you and don't think you will succeed, and they are probably right.[/quote][/b] Wrong. Many grad schools do require payment and lots of it. First, DS is going into an M.P.P. (Master's of public policy) program at UVA's Batten School of Public Policy and Leadership. Guess what? In-state perks for all intents and purposes stop at graduation. DS's tuition for the Batten School will jump from current tuition of $14,000 a year to over $43,000 a year. Second, MBA programs also cost a lot of money. Third, after the Master's program, DS wants to attend law school. The tuition for my law school is now almost $100K a year x 3 years. I am VERY grateful that DS had the wisdom to pick UVA over other privates where since we were then looking at a delta of more than $43,000 x 4 years. We've been able to bank the money that would have been spent at an OOS or private so can now provide for DS at the Master's and Professional school levels.[/quote]
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