Anonymous wrote:I am a very happy PSU parent whose kid is in a specialized program there that is among the most highly ranked in the country and, if by some miracle the kid had gotten into Yale (didn't apply) and was interested and we could easily afford either, there is zero chance that I would not be a Yale parent instead.

Unless (1) kid is a recruited athlete in a sport like football and wants that experience; (2) will be playing in the Blue Band and wants that experience; or (3) is heart set on a course of study offered at PSU but not Yale, then attending Yale is about the largest no brainer in history.

How about if the kid 1) wants to go to medical school and you can't easily afford that, too, 2) is among the many teenagers with an anxiety disorder that's exacerbated by academic pressure, 3) has someone who's mistreated her horribly in high school decide to attend Yale, etc. While I agree that most would choose Yale, I don't think it can be called a no-brainer.

Penn State is a perfectly good school and your child would certainly not suffer going there but it’s not comparable to Yale in stature.

Why would you let them apply to Yale if you were not willing to pay for it?

I am a very happy PSU parent whose kid is in a specialized program there that is among the most highly ranked in the country and, if by some miracle the kid had gotten into Yale (didn't apply) and was interested and we could easily afford either, there is zero chance that I would not be a Yale parent instead.

Unless (1) kid is a recruited athlete in a sport like football and wants that experience; (2) will be playing in the Blue Band and wants that experience; or (3) is heart set on a course of study offered at PSU but not Yale, then attending Yale is about the largest no brainer in history.

Anonymous wrote:These two schools are a choice only for a recruited athlete.

Maybe for lacrosse. Certainly not for football, basketball, etc.

Anonymous wrote:

Anonymous wrote:You all live in a world I don't understand. As an engineering major, of course I'd choose Penn State over Yale.

This is correct. Again, depends upon the major.

Parchment shows that 33% choose Michigan State in Lansing over Yale;

Also shows 25% select U Michigan over Yale;

48% select Purdue over Yale;

21% select Illinois over Yale;

If it's engineering, then the choice is not easy.

Ha. I'm a Purdue engineering grad. Thanks, I feel a bit vindicated in my confusion now.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yale could open such large career doors that 35k/yr could be a blip in 5yrs. What if ds made $120k coming out of Yale?

This should not be a part of the equation. Dale and Kruger's research has shown over and over (3 decades of data) that the same student will have the same outcomes financially whether they go to an elite college or their safety school. The situation OP is in is literally what D+K's study focuses on.

This is simply just not true. The penn state student will not even be interviewing for the same jobs.

And that is a misrepresentation of their data. They do not say same student will have same outcome.

Dale and Kruger's conclusion, in their own words:

"when we adjust for unobserved student ability by controlling for the average SAT score of the colleges that students applied to, our estimates of the return to college selectivity fall substantially and are generally indistinguishable from zero"

Anonymous wrote:

Anonymous wrote:You all live in a world I don't understand. As an engineering major, of course I'd choose Penn State over Yale.

This is correct. Again, depends upon the major.

Parchment shows that 33% choose Michigan State in Lansing over Yale;

Also shows 25% select U Michigan over Yale;

48% select Purdue over Yale;

21% select Illinois over Yale;

If it's engineering, then the choice is not easy.

Agree! Like I posted before, it depends on the MAJOR. For liberal arts/social science/general studies, choose YALE. No question about that. But if it’s an engineering major, definitely state schools like Purdue, Michigan or UIUC over Yale, by a wide margin!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yale could open such large career doors that 35k/yr could be a blip in 5yrs. What if ds made $120k coming out of Yale?

This should not be a part of the equation. Dale and Kruger's research has shown over and over (3 decades of data) that the same student will have the same outcomes financially whether they go to an elite college or their safety school. The situation OP is in is literally what D+K's study focuses on.

This is simply just not true. The penn state student will not even be interviewing for the same jobs.

And that is a misrepresentation of their data. They do not say same student will have same outcome.

I am the last one to defend Dale & Krueger, however, the OP's situation is literally the one they reference in their findings...a kid that was accepted to Yale, but chose Penn State.

The problem is that Dale & Krueger can only look at median/average outcomes. So, they are saying the kid that goes to PSU (but also accepted to Yale) will have the same median financial outcome as the average kid at Yale.

Obviously, they have no way of proving if the kid that picked PSU would have had some amazing outcome had that kid picked Yale.

I suppose you could look at the median outcomes of the top 10% of Yale and compare that to the Accepted Yale/Chose PSU kid. Not sure if that was part of their analysis.

Anonymous wrote:Here is information about the speaker PP referenced from the student newspaper on the Yale campus.
https://yaledailynews.com/blog/2023/04/10/alleged-antisemitic-activist-speaks-on-campus-raising-questions-about-free-speech/

No question, I’d choose Yale.

They booted Ye on Twitter tho

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yale could open such large career doors that 35k/yr could be a blip in 5yrs. What if ds made $120k coming out of Yale?

This should not be a part of the equation. Dale and Kruger's research has shown over and over (3 decades of data) that the same student will have the same outcomes financially whether they go to an elite college or their safety school. The situation OP is in is literally what D+K's study focuses on.

This is simply just not true. The penn state student will not even be interviewing for the same jobs.

And that is a misrepresentation of their data. They do not say same student will have same outcome.

Depends on the major.

100% Yale

Anonymous wrote:

Anonymous wrote:Yale could open such large career doors that 35k/yr could be a blip in 5yrs. What if ds made $120k coming out of Yale?

This should not be a part of the equation. Dale and Kruger's research has shown over and over (3 decades of data) that the same student will have the same outcomes financially whether they go to an elite college or their safety school. The situation OP is in is literally what D+K's study focuses on.

This is simply just not true. The penn state student will not even be interviewing for the same jobs.

And that is a misrepresentation of their data. They do not say same student will have same outcome.

Anonymous wrote:You all live in a world I don't understand. As an engineering major, of course I'd choose Penn State over Yale.

This is correct. Again, depends upon the major.

Parchment shows that 33% choose Michigan State in Lansing over Yale;

Also shows 25% select U Michigan over Yale;

48% select Purdue over Yale;

21% select Illinois over Yale;

If it's engineering, then the choice is not easy.

I was waiting for Ops, UPenn or something, LOL

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got into both Yale and Penn State and I went to Yale. My parents didn't give me a hard time about it but helped me pay and supported me taking out loans. I met people at Yale I wouldn't have met at Penn State. Even now, the Yale name on my resume means more on job applications than the Penn State name would. I would make the same choice again.

How much loans can students take out? That $5,500K or so a year that every student can take out obviously won't cut it. Was it actually your parents who took out the loans? Or co-signed your loans? Research says below:

$5,500 to $12,500 per year
The maximum amount that undergraduate students can borrow each year in federal direct subsidized and unsubsidized loans ranges from $5,500 to $12,500 per year, depending on their year in school and whether they're a dependent or independent student.

Those are federal loans. You can always get private student loans as long as parents co-sign and credit worthy. https://www.salliemae.com/student-loans/get-ready-to-borrow/decide-how-much-to-borrow/

The child can take out max $5500 a year under FAFSA. No private lender will give a 17 or 18-year -old Sloan because they have no collateral. The parents must fund the difference. All the stuff you hear about student loans issbojt grad school

You are wrong and right. The parents can co-sign a private loan for the child (if that's what you mean by fund the difference). A child can't take one out on their own - but a parent can co-sign a private student loan.

https://lendedu.com/blog/private-student-loan-limits/

"Limits for private student loans are different than limits for federal loans. Private lenders use factors such as your income, credit score, current major, future projected income, and if you have a cosigner to determine how much to lend you."