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College and University Discussion
Reply to "My child attends an elite college. It is overrated."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the ROI studies are interesting data, but it needs to be taken in context. We will Likely spend anywhere from $200k-350k on a humanities type of degree for our daughter over the next 4 years. Full pay, don’t know where she will be going yet so the cost is a range. We are DC residents so no great state school. We are not wealthy but have planned for this. We want her to have a certain kind of opportunity to go to a school that is the best fit for her. If we had to borrow the money or she did, it would be very different kind of analysis. I did not think of return on investment for all the money we have spent on many things for our child, this is the biggest thing, and important in so many ways, but we are not measuring its value with only that in mind.[/quote] If you are rich enough, ROI doesn't really matter to you. Thanks for the great insight! :roll: [/quote] Exactly lol [/quote] I hear what PP is saying. You don't look at every dime spent on the kid as an investment in need of a return. Sure, to have saved this much, they must be UMC, but they saved and have it and don't view it that way. We are similar though less affluent. We have one in college and another applying next year. We'll get need based FA from top schools or merit for other schools, will have about 100k saved and will plan to pay some as they go. I do want my kid to have options to support herself, which factored into university choice (cache/networks), but I am not looking at numbers on ROI. Part of higher ed is the ed, not just training to a certain income level.[/quote] The main point of college is ROI. Full stop. And that's doubly true for your kids, who aren't wealthy enough to be from a full-pay family.[/quote] No it's not. And, it wasn't for me and my parents either. You live in a very small world if you think you have any idea about higher ed. I have both humanities and fine arts degrees from a middle class background. Your view of higher education is extremely limited -- it's education, not just training. [/quote] Okay. So what do you suggest a middle class student with a BA in English do besides law school? They're SOL. No way to save up for a downpayment on a house or pay back student loans (if they have any) with a graduate or undergraduate degree in the humanities (except a JD). [/quote] Yep. You are correct. No jobs for them. Except for the million or so types of jobs that have no corresponding college major and benefit from good communications skills. There are loads of Humanities majors making bank in tech and other fields. Oh and BTW you clearly don't understand ROI or you would demand all college grads pursue investment banking regardless of major..[/quote] Who are these people [img]https://chronicle.brightspotcdn.com/e3/8a/2600b1ee4d8e99cd40d11d55d834/fielddebt-0112-gettyimages-152599449.jpg[/img] [img]https://media-cldnry.s-nbcnews.com/image/upload/rockcms/2022-05/220520-student-debt-al-1434-069f34.jpg[/img] [img]https://www.peoplesworld.org/wp-content/uploads/2022/04/Biden-cancel-student-debt.jpeg[/img][/quote] Kids who went to University of Phoenix. [/quote] University of Phoenix California CS - $67,814 https://collegescorecard.ed.gov/school/?484631-University-of-Phoenix-California&fos_code=1101&fos_credential=3 Harvard Enlish - $43,842 https://collegescorecard.ed.gov/school/?166027-Harvard-University&fos_code=2301&fos_credential=3 More like kids who majored in English, History, Communications, Anthropology, etc. :lol: [/quote] At University of Phoenix, the median federal loan debt among borrowers who completed their undergraduate degree is $32,421 At Harvard University, the median federal loan debt among borrowers who completed their undergraduate degree is $12,665. [/quote] The salary outcome is 3-year-out numbers. The difference in debt is already made up in less than an year LMFAO[/quote]
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