Anonymous
03/27/2023 09:54
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:My DC is a CS major. MIT would've been the only school we'd consider huge loans for, or impacting our retirement savings.
DC didn't get into MIT, so instead, they are going to UMD with honors and some merit.
But now DC has funds for a masters, if they so choose, or we can rollover to their retirement account. Not a bad way to start out of college for parents who came from very humble beginnings.
Lucky to have a good instate option like UMD.
Anonymous
03/27/2023 09:54
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:My DC is a CS major. MIT would've been the only school we'd consider huge loans for, or impacting our retirement savings.
DC didn't get into MIT, so instead, they are going to UMD with honors and some merit.
But now DC has funds for a masters, if they so choose, or we can rollover to their retirement account. Not a bad way to start out of college for parents who came from very humble beginnings.
Only MIT just doesn't make any sense, especially for CS. Great that DC has $$ for an MS but
Anonymous
03/27/2023 09:54
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
WTF? not for donut hole families with now aid. Those numbers are waaaay low.
It will cost you upwards of $80k+ year for any school on that list.
I don’t think you understand what “average annual cost” means. In other words, what the average tuition billed to students is.
??? I’m not sure you understand. The average cost listed includes students with financial aid. The question from OP was for a family paying full sticker price.
But it also includes merit aid. A lot of these expensive private colleges engage in heavy tuition discounting.
I don't understand why they do that. Just make make tuition a bit cheaper, then they don't need to heavily discount for so many. More could and would pay full price.
Anonymous
03/27/2023 09:53
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
WTF? not for donut hole families with now aid. Those numbers are waaaay low.
It will cost you upwards of $80k+ year for any school on that list.
Just received $56 COA for BU with son's acceptance. $25k merit and $7k need.
Anonymous
03/27/2023 09:52
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Assuming UMC, at what point does a school stop being worth the money (say sticker price) over cheaper options? Is it just Harvard and MIT?
MIT Engineering is pretty much it.
If you want to be something like an electrical engineer, MIT is probably the best and worth the money. If you want to be in tech longterm, go to Stanford.
Maryland has a very good and large CS program, so if you're a Maryland resident, I'd think long and hard about UMD. There are not many schools that have produced founders like Brin and Iribe.
Anonymous
03/27/2023 09:52
Subject: Re:What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:No parent plus loans, no private student loans, no 401k or HELOC loans. For any school or program.
Federal student loans up to the $27,000 limit are okay.
YMMV.
Lol, the federal student loan limit doesn’t even approach 27k. Try seeing where you Mr kid can go on $5,500 as a freshman (the freshman loan limit)
The total over 4 YEARS for federal student loans is $27K.
And if you have nothing saved for college and cannot easily cash flow, then you take the loan of ~$5.5K and find somewhere that give you merit. So it might be CC or a local school you can live at home.
Anonymous
03/27/2023 09:52
Subject: What's the Cutoff For Schools That Are Worth the Money?
My DC is a CS major. MIT would've been the only school we'd consider huge loans for, or impacting our retirement savings.
DC didn't get into MIT, so instead, they are going to UMD with honors and some merit.
But now DC has funds for a masters, if they so choose, or we can rollover to their retirement account. Not a bad way to start out of college for parents who came from very humble beginnings.
DC didn't get into MIT, so instead, they are going to UMD with honors and some merit.
But now DC has funds for a masters, if they so choose, or we can rollover to their retirement account. Not a bad way to start out of college for parents who came from very humble beginnings.
Anonymous
03/27/2023 09:51
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
It’s about more than earning potential. Tufts kids might be more prone to do things they’re interested in and not just go for the highest pay. So many Tufts bashers.
We are talking about money worth.
So Tufts is not worth the money at all.
Anonymous
03/27/2023 09:50
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
WTF? not for donut hole families with now aid. Those numbers are waaaay low.
It will cost you upwards of $80k+ year for any school on that list.
I don’t think you understand what “average annual cost” means. In other words, what the average tuition billed to students is.
I believe “full pay” is implicit in the question, so families will be choosing between lower priced state options or privates with merit and full pay (80-90K/year) at top private. The average annual cost includes students receiving significant non-loan financial aid. That does not really matter for Thai question re what is worth “full pay”.
Anonymous
03/27/2023 09:50
Subject: Re:What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:No parent plus loans, no private student loans, no 401k or HELOC loans. For any school or program.
Federal student loans up to the $27,000 limit are okay.
YMMV.
+1000
No school is worth taking more than $27K in loans. If you don't have the $$$ saved or cannot cash flow the rest, then you smartly pick a school that's affordable.
Anonymous
03/27/2023 09:50
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:depend on the kid also(are they the motivated kind) and the major
Younger not sure but both have varied interest. Older wants a science major (along the lines of bio or chem, unsure about premed). Older is a good student and has good scores (think 1500+ and mostly As).
Anonymous
03/27/2023 09:50
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
WTF? not for donut hole families with now aid. Those numbers are waaaay low.
It will cost you upwards of $80k+ year for any school on that list.
I don’t think you understand what “average annual cost” means. In other words, what the average tuition billed to students is.
??? I’m not sure you understand. The average cost listed includes students with financial aid. The question from OP was for a family paying full sticker price.
But it also includes merit aid. A lot of these expensive private colleges engage in heavy tuition discounting.
Anonymous
03/27/2023 09:49
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
The cost for Brandeis is way more than $34k. It's 61k just for the tuition, and $80K, all in including room and board.
https://www.brandeis.edu/admissions/affordability/tuition.html
My niece declined Brandeis for a large but good in state flagship with some merit. They would've had to taken out at least $80K in loans.
She is sooo glad she did. She has zero loans and making good money; about to buy her first place, and she's in her 20s.
She is seeing her friends who went to higher ranked schools struggling to pay loans.
The vast majority of expensive colleges aren't worth it.
To add.. Brandeis was going to give her merit aid, but it was still going to cost more than the flagship, hence the need for loans.
Anonymous
03/27/2023 09:48
Subject: What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:T25 + Tufts
Tufts has really shitty outcome
Worth one of the least.
- Boston College: Average Annual Cost $37k, Median Earnings $93k
- Northeastern: Average Annual Cost $30k, Median Earnings $80k
- Boston University: Average Annual Cost $30k, Median Earnings $76k
- Brandeis: Average Annual Cost $34k, Median Earnings $70k
- Tufts: Average Annual Cost $37k, Median Earnings $67k
WTF? not for donut hole families with now aid. Those numbers are waaaay low.
It will cost you upwards of $80k+ year for any school on that list.
I don’t think you understand what “average annual cost” means. In other words, what the average tuition billed to students is.
??? I’m not sure you understand. The average cost listed includes students with financial aid. The question from OP was for a family paying full sticker price.
Yes we assume full pay for UMC. Focus on the Median Earnings.
Anonymous
03/27/2023 09:48
Subject: Re:What's the Cutoff For Schools That Are Worth the Money?
Anonymous wrote:Anonymous wrote:No parent plus loans, no private student loans, no 401k or HELOC loans. For any school or program.
Federal student loans up to the $27,000 limit are okay.
YMMV.
Lol, the federal student loan limit doesn’t even approach 27k. Try seeing where you Mr kid can go on $5,500 as a freshman (the freshman loan limit)
$27,000 is the total limit, not per year.
$5,500 for freshmen
$6,500 for sophomores
$6,500 for juniors
$7,500 for seniors