Reply to Selingo WSJ Essay

Forum Index » College and University Discussion

Reply to "Selingo WSJ Essay"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]These articles focus on career “success” and not money “success”.

The insurance policy is that the graduates have rich friends and/or marry someone rich. How many parents on this board earned their 1% vs married their 1%? I am semi-successful professsionally from a meh-private college; my money comes from my husband’s family, not my career.[/quote]

Both former low-income, heavily aided students who met at an ivy, went to med school at a different but top school, and earn top2%. Most of our adult friends are in medicine or law. About half came from no money and did not marry into significant (top-5%)money. We are younger than the ave college parents, just turned 50, college '97. Our friends are all similar. In fact the smartest two from '97 are a top lawyer and a research MD-phD.about 40% of my ivy was on need-based aid when I attended now it is 55%. parents on dcum who went to college in the 80s have a very different understanding of college compared to people from the late 90s. The legacy friends in my adult involved alum group are predominantly new to the top incomes, and were not legacies ourselves. My ivy absolutely changed my trajectory and it continues to do the same for a larger and larger portion of the undergraduate population. [/quote]

This is a powerful defense of Ivies as institutions but [b]it is hardly an argument that full-pay families not already in the top 1-2% should shell out an unlimited amount of money for these schools. [/b]The top 10-20% of American households is a pretty comfortable place to be, especially if you’re not hellbent on living in the center of an expensive city and you don’t saddle your kid with massive unnecessary debt. Obviously if you have functionally unlimited money, it doesn’t matter how you spend it. Good for Ivies, for redirecting a lot of that excess wealth to poor kids. But there’s absolutely no reason families in the 85th-95th percentile should voluntarily subject themselves to that tax. [/quote]

Well said. We're at a private HS in CA and most of our class is in the top 1%. I've noticed for the truly wealthy, who come from generational wealth, they are less focused on ivies or Stanford because their kids will succeed in life regardless of where they go. Many of them are happy to ED at Middlebury and call it a day.[/quote]

Totally. That’s us. Private non-DMV too.

Happy with Midd, Wake or for a truly bright kid - Northwestern, Duke, Penn, Dartmouth, Cornell, Brown…

Not looking for HYPSM - our kid won’t find their ppl at those schools.
[/quote]

Lol hypsm do not have more chill or noticeably different kids than penn brown columbia northwestern…sports may be better at the non ivies but the students are essentially the same: high intensity, driven, separated into finance bros, premeds, tech kids, or prelaw. Consulting for the undecided or humanities kids.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics