Anonymous
Post 02/01/2024 14:43     Subject: ROI Question
Anonymous wrote:
Anonymous wrote:That ROI chart is bumming me out.


I think it's very misleading--and I haven't been able to find any thorough explanation of how they made data decisions, which is a red flag (If someone has found it--link please!). For just one small instance, is their estimation of "cost of attendance" based on an assumption of full pay--which many colleges would not have?


If you’re too dumb and lazy to find their methodology (a simple google search) how will you make sense of any explanation they provide?

And no it does not assume full pay.
Anonymous
Post 02/01/2024 14:33     Subject: ROI Question
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:That ROI chart is bumming me out.


I think it's very misleading--and I haven't been able to find any thorough explanation of how they made data decisions, which is a red flag (If someone has found it--link please!). For just one small instance, is their estimation of "cost of attendance" based on an assumption of full pay--which many colleges would not have?


That's actually a good thing for a lot of people here. Most other ROI type websites I've seen assume an average cost which does not apply to most of us here.


Well, not at some schools that offer loads of merit aid etc. And then are they using in-state or out of state? The red flag is the lack of transparency at how you come up with some dollar amount ROI which is a pretty complex problem.
Anonymous
Post 02/01/2024 14:17     Subject: Re:ROI Question
Anonymous wrote:Penn State! Strong alumni network. And have you ever met anyone who went there who did not love it?


Sandusky's victims?
Anonymous
Post 02/01/2024 14:11     Subject: Re:ROI Question
Penn State! Strong alumni network. And have you ever met anyone who went there who did not love it?
Anonymous
Post 02/01/2024 14:08     Subject: ROI Question
Geez. My kids picking the in state school whose campus she likes best.
Anonymous
Post 02/01/2024 13:40     Subject: ROI Question
Anonymous wrote:
Anonymous wrote:That ROI chart is bumming me out.


I think it's very misleading--and I haven't been able to find any thorough explanation of how they made data decisions, which is a red flag (If someone has found it--link please!). For just one small instance, is their estimation of "cost of attendance" based on an assumption of full pay--which many colleges would not have?


That's actually a good thing for a lot of people here. Most other ROI type websites I've seen assume an average cost which does not apply to most of us here.
Anonymous
Post 02/01/2024 13:22     Subject: Re:ROI Question
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Using this website https://public.flourish.studio/visualisation/7583742/

ROI business degree

Towson $317k

Penn State $1,190k
Indiana- Kelly $1,167k
Wisconsin $871k
South Carolina $783k
Ohio State $689k
Clemson $321k

Therefore, yes, the right OOS school is going to offset the cost difference between that and Towson.


+100 great website! Thanks

This is fantastic! Thank you for introducing this website to me. It really puts things into perspective! Looks like DH (and DD) are winning this fight.


I would look a little more carefully into how those numbers are generated and the assumptions built in before trusting the data if it's that influential on your thinking.
Anonymous
Post 02/01/2024 13:05     Subject: Re:ROI Question
The ROI we used in making our decision started with - 1) can we afford to send our student if they have no scholarships (using COA) 2) What is the likely starting salary they might have when they graduate 3) What is the job placement rate of the school 4) Could we afford a 5 year if needed. Comparing the schools our student was accepted into using these rankings provided some clear winners. From there our student ranked interest in the schools and we got down to the top 2.
Anonymous
Post 02/01/2024 13:00     Subject: ROI Question
Anonymous wrote:
Anonymous wrote:The interaction between kid and school is dynamic, not static. It's less about what the school "gives" than about what the kid puts in, and in a variety of ways. Is she the kind of kid who will throw her full self in regardless of where she winds up? Maybe it doesn't matter. Does she feel like she'll thrive at one more than the other, and if so, why?

When you close your eyes and picture her at both places, do you see a difference in terms of little things -- how she greets the day, whether and how she asks questions of professors, the likelihood of her putting herself forward to work on projects, the width of the net she casts socially, etc.?


I'm a new poster ... just wanted to say that this is great! My kid is in a similar decision-making process. This is a good exercise!


Something that was suggested to us is have your student review what a freshmen year would look like at each school. What is the curriculum, where do they live (type of dorms etc), what clubs would the be interested in joining? After the "ROI" knowing what you are getting into can make a difference to the experience.

Also I believe its Kelley School of Business not Kelly. https://kelley.iu.edu/index.html
Anonymous
Post 02/01/2024 12:27     Subject: Re:ROI Question
Anonymous wrote:
Anonymous wrote:Using this website https://public.flourish.studio/visualisation/7583742/

ROI business degree

Towson $317k

Penn State $1,190k
Indiana- Kelly $1,167k
Wisconsin $871k
South Carolina $783k
Ohio State $689k
Clemson $321k

Therefore, yes, the right OOS school is going to offset the cost difference between that and Towson.


+100 great website! Thanks

This is fantastic! Thank you for introducing this website to me. It really puts things into perspective! Looks like DH (and DD) are winning this fight.
Anonymous
Post 02/01/2024 12:24     Subject: ROI Question
Anonymous wrote:That ROI chart is bumming me out.


I think it's very misleading--and I haven't been able to find any thorough explanation of how they made data decisions, which is a red flag (If someone has found it--link please!). For just one small instance, is their estimation of "cost of attendance" based on an assumption of full pay--which many colleges would not have?
Anonymous
Post 02/01/2024 12:12     Subject: ROI Question
That ROI chart is bumming me out.
Anonymous
Post 02/01/2024 12:06     Subject: Re:ROI Question
Anonymous wrote:Using this website https://public.flourish.studio/visualisation/7583742/

ROI business degree

Towson $317k

Penn State $1,190k
Indiana- Kelly $1,167k
Wisconsin $871k
South Carolina $783k
Ohio State $689k
Clemson $321k

Therefore, yes, the right OOS school is going to offset the cost difference between that and Towson.


By choosing Towson and investing the difference - $48,000 at 8% per annum until the student turns 62 - the investment return ROI is $1,602,820.
Anonymous
Post 02/01/2024 11:54     Subject: Re:ROI Question
Anonymous wrote:Using this website https://public.flourish.studio/visualisation/7583742/

ROI business degree

Towson $317k

Penn State $1,190k
Indiana- Kelly $1,167k
Wisconsin $871k
South Carolina $783k
Ohio State $689k
Clemson $321k

Therefore, yes, the right OOS school is going to offset the cost difference between that and Towson.


How reliable is this data?
University of Connecticut, Germanic Languages, Literatures, and Linguistics. - ROI - $1.7m
James Madison, Business/Managerial Economics - $1.7m

Seems off..
Anonymous
Post 02/01/2024 10:27     Subject: ROI Question
Anonymous wrote:Just chiming in to suggest checking out Towson thoroughly. My initial reaction was the same when considering schools for my kid a few years ago, but I've come to learn it's a pretty good school!


I’m one of the PPs encouraging OP not to make her DD go to Towson. But I absolutely want to be sure to underscore that this is in no way meant to be a “Towson-bashing” thread or advice specifically against Towson. I believe you that it’s a fine school and a great experience for most kids who attend!

The advice for OP is due to the fact that their child has determined that this is not the right school FOR HER and has already decided she will be miserable and “embarrassed” if they “make her” go there. (Is that a great attitude for OP’s DD to have? No. And it’s almost silly in the same way that it is a bit “spoiled” and arguably elitist from someone who has no right to be, given that she did it get admitted into the schools in her state that she clearly regards as “superior” and “non-embarrassing”….but OP and spouse are now faced with decision of whether they “make” DD go to Towson or allow her to go to more expensive OOS school.)
I think they should allow her to go to OOS school primarily bc nothing good will come of sending her to Towson. Will not be good for her family relations, will not be good for her (bc she’s already decided it isn’t), and it won’t be good for Towson (bc you don’t need kids going there with a crappy attitude about going there)…but I still think Towson is a fine institution.