Reply to Why do people insist that their kid can always "go to an Ivy for grad school?"

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[quote=Anonymous]OP here. So you would be okay with your kid going to an Ivy for a PhD in, say, Biology and then end up as a fed scientist? That would be awful. They would have no earning power in their 20s (as they'd be living on a grad student stipend) and they would top out at an income of $180k. How would they afford housing or childcare in their 30s in the DMV?

Life is more than money, I agree. But money is damn important. [/quote]

NP.  Yup - totally ok with this.  I have a graduate Biology related degree (though not IVY), and if my kids want to do this, then I'd support them.  I didn't live in fancy housing in my 20s or 30s, but I did have housing...and I was able to afford childcare once I eventually had kids.  It was more than doable and certainly not awful.

BTW, I still make a lot less than $180k - I probably NEVER will make $180k/year.  Also fwiw, I don't know why anyone would be laser-focused on getting on graduate STEM degree from an IVY - I just don't really see how an IVY degree makes much difference at the pH.D. level.  It matters much more which individual lab you were in, what research you did, and what publications you authored or were listed on co-author on, not so much which specific institution you're at.[/quote]

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