Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No company pays their hires different salaries for the exact same job.

Not even close to true. Should be, but is not.

Most companies pay new hires/straight out of college hires the same thing when they start out....Facebook does not pay Harvard grads more than GMU grads for the same job, it just doesn't happen. Now 1-2 years in, yes, there will be pay differences, and those are based on your on the job performance reviews, not where you attended college.

Please, GMU is not the same as Harvard. It's just not. It's not even in the same league as UVA in CS. GMU attracts third-rate students and third-rate faculties statistically. There will always be outliers. On average UVA CS grads will make more than GMU's.

https://www.cbsnews.com/news/college-major-top-and-lowest-earning-majors-impact-on-income-pay/

Harvard CS actually pays the most.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No company pays their hires different salaries for the exact same job.

Not even close to true. Should be, but is not.

Most companies pay new hires/straight out of college hires the same thing when they start out....Facebook does not pay Harvard grads more than GMU grads for the same job, it just doesn't happen. Now 1-2 years in, yes, there will be pay differences, and those are based on your on the job performance reviews, not where you attended college.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No company pays their hires different salaries for the exact same job.

Not even close to true. Should be, but is not.

Most companies pay new hires/straight out of college hires the same thing when they start out....Facebook does not pay Harvard grads more than GMU grads for the same job, it just doesn't happen. Now 1-2 years in, yes, there will be pay differences, and those are based on your on the job performance reviews, not where you attended college.

What's your evidence for that claim? And let's use MIT grads instead of Harvard.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No company pays their hires different salaries for the exact same job.

Not even close to true. Should be, but is not.

Most companies pay new hires/straight out of college hires the same thing when they start out....Facebook does not pay Harvard grads more than GMU grads for the same job, it just doesn't happen. Now 1-2 years in, yes, there will be pay differences, and those are based on your on the job performance reviews, not where you attended college.

Anonymous wrote:I find it funny people freak out with home equity.

My sister got cancer and brother in law laid off then took care of sister for a 1.5 years. Had two kids in college.

School told him sell your house if need more aid. But to be fair he had a 1.3 million dollar home,

Anonymous wrote:

Anonymous wrote:No company pays their hires different salaries for the exact same job.

Not even close to true. Should be, but is not.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here.
I get that $90K is a rounding error for some on here and two weeks' salaries for others.

But I bet that for most of us, $360K is not an insignificant amount.
And yet we're fighting each other for the privilege of paying it.

We are truly idiots for playing into this. Excuse my insult as I include myself in that group.

OP, you had many chances to get there with so little money. When Netflix raised their DVD monthly rental from $7 to $11, it was time to buy Netflix stock. When Apple came out with Iphone, you still had several years to buy the stock to get to $360k. When you were shopping on Amazon, you should have been buying the stock. All in all, ca $30k in any one of them, would have taken you there.
There are so many other companies that were clearly going to do well.
I started really late like in 2020 because of work and visa problems.Almost 20 years down the drain, and I still made it. My older one doesn't want me pay that much for college and wants to go to community college. Younger one is about to get $300k, but outside of 529 ofcourse. Younger DC has 10 years til college. We were never high earners. We had to make money work for us even if we knew nothing about it. Well, almost nothing. It's extremely good time to be in the market and/or enter the market now to forever. Not a financial advice.

First of all, not everyone is a savvy investor. And I'll go further than not many people know much about investing at all. So good for you? But you're expected a tremendous amount of financial know-all for most people. I grew up pretty poor and I can tell you I didn't have any sort of "investing" until I was nearly 30. Partly due to my debt (school) to income ratio and partly due to just not knowing.

Second, you imply that people should give up any sort of luxury, however small, to fund college. And I fundamentally disagree with that. Colleges are overpriced. Loans are predatory. And yet, despite what we say about "you can do well at any college" there aer many that will only hire from ivies, top tiers, etc. I saw that first hand in my own line of work. So people have valid reasons to want those schools.

Where did you work that would only hire from "ivies, top tiers, etc"? Because there really are not many areas that are like that. People do NOT have valid reasons to want those schools. There are literally only ~50-60K freshman matriculating at T25 schools each year. Yet millions of people are happy, succesful in their careers. Do the math, majority of them did not attend T25 schools.

At my aged agency- my incoming class I had 6 Ivy alum and me and two others with state university degrees. We all came in sane grade/step and all make the same 25 years later.

Do they still hire mostly from Ivies/T25 currently? Were those 6 Ivy alums hired because they had actual connections at your aged agency or just because they were Ivy Alums? Because it's very likely many Ivy alums have parent/family connections already and might have gotten that same job even if they went to State U

Ironically, you proved the point that you all make the same are at the same grade now, so really it doesn't matter where you went---quality workers come from any college.

That was my point!! They hire from everywhere. In my field, most have a graduate degree.

Except your example implied your odds were far greater to get the job from the start if you went to an Ivy League school.

No company pays their hires different salaries for the exact same job.

How do you calculate the odds fairly? Is it the school or is it the high performing student? Ivies just have a greater concentration of the latter.

I work for a major F500 consulting firm and in a high performing group within the firm. Most people on here would know my employer. At beginning of summer was the annual email welcoming all the summer interns for the group. Most were from flagship state universities and the rest from various private colleges. Ivies did not dominate. Nowhere close to it. Yes, this is anecdotal and it's just one firm, but people really, greatly overestimate and exaggerate the advantages of going to an Ivy.

-- double Ivy alum who figured this out long time ago.

Look at the size of the classes at different schools. Any Ivy representation each year means that they do have better odds.

dp.. but really smart kids from big flagships can get into the same internships as the few students from ivy league schools. I think the point is that a really smart student can go to a flagship at a fraction of the cost of an Ivy league, and do equally as well.

It really depends on the kid, not necessarily the school.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here.
I get that $90K is a rounding error for some on here and two weeks' salaries for others.

But I bet that for most of us, $360K is not an insignificant amount.
And yet we're fighting each other for the privilege of paying it.

We are truly idiots for playing into this. Excuse my insult as I include myself in that group.

OP, you had many chances to get there with so little money. When Netflix raised their DVD monthly rental from $7 to $11, it was time to buy Netflix stock. When Apple came out with Iphone, you still had several years to buy the stock to get to $360k. When you were shopping on Amazon, you should have been buying the stock. All in all, ca $30k in any one of them, would have taken you there.
There are so many other companies that were clearly going to do well.
I started really late like in 2020 because of work and visa problems.Almost 20 years down the drain, and I still made it. My older one doesn't want me pay that much for college and wants to go to community college. Younger one is about to get $300k, but outside of 529 ofcourse. Younger DC has 10 years til college. We were never high earners. We had to make money work for us even if we knew nothing about it. Well, almost nothing. It's extremely good time to be in the market and/or enter the market now to forever. Not a financial advice.

First of all, not everyone is a savvy investor. And I'll go further than not many people know much about investing at all. So good for you? But you're expected a tremendous amount of financial know-all for most people. I grew up pretty poor and I can tell you I didn't have any sort of "investing" until I was nearly 30. Partly due to my debt (school) to income ratio and partly due to just not knowing.

Second, you imply that people should give up any sort of luxury, however small, to fund college. And I fundamentally disagree with that. Colleges are overpriced. Loans are predatory. And yet, despite what we say about "you can do well at any college" there aer many that will only hire from ivies, top tiers, etc. I saw that first hand in my own line of work. So people have valid reasons to want those schools.

Where did you work that would only hire from "ivies, top tiers, etc"? Because there really are not many areas that are like that. People do NOT have valid reasons to want those schools. There are literally only ~50-60K freshman matriculating at T25 schools each year. Yet millions of people are happy, succesful in their careers. Do the math, majority of them did not attend T25 schools.

At my aged agency- my incoming class I had 6 Ivy alum and me and two others with state university degrees. We all came in sane grade/step and all make the same 25 years later.

Do they still hire mostly from Ivies/T25 currently? Were those 6 Ivy alums hired because they had actual connections at your aged agency or just because they were Ivy Alums? Because it's very likely many Ivy alums have parent/family connections already and might have gotten that same job even if they went to State U

Ironically, you proved the point that you all make the same are at the same grade now, so really it doesn't matter where you went---quality workers come from any college.

That was my point!! They hire from everywhere. In my field, most have a graduate degree.

Except your example implied your odds were far greater to get the job from the start if you went to an Ivy League school.

No company pays their hires different salaries for the exact same job.

How do you calculate the odds fairly? Is it the school or is it the high performing student? Ivies just have a greater concentration of the latter.

I work for a major F500 consulting firm and in a high performing group within the firm. Most people on here would know my employer. At beginning of summer was the annual email welcoming all the summer interns for the group. Most were from flagship state universities and the rest from various private colleges. Ivies did not dominate. Nowhere close to it. Yes, this is anecdotal and it's just one firm, but people really, greatly overestimate and exaggerate the advantages of going to an Ivy.

-- double Ivy alum who figured this out long time ago.

Look at the size of the classes at different schools. Any Ivy representation each year means that they do have better odds.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These schools may not offer merit aid, but they all offer need based aid and many are need blind. What's the issue?

Because donut hole families in high cost areas are screwed!!

Their kid can get into Ivies, Hopkins, etc., but will have to be full pay at $85-90k because at $175k HHI they aren’t considered in need. $360k for each kids’ undergrad is not doable without major loans even with $150k in each 529. In fact, the asserts and 529 count against them too.

Someone making $175k will receive significant aid at an Ivy. Not sure why folks continue to spread this myth.

This. Our HHI was around 190k and our kid got substantial aid. We live very, very frugally and had saved most of the ~55k/year that was our contribution. The top schools give aid packages that don't include loans, so while we still live very simply, our child received a fantastic education with no debt.

you'll receive aid as long as you have "typical assets" which for most ivy league schools is about 200k outside retirement. we maybe 150k HHI and got zero aid from Princeton, one of the more generous schools.

Sorry you had too much wealth in assets?

Yeah, I guess. No home equity and my retirement accounts are just okay, but I had about 350k in my investment account. I should have bought a place and "hid" my money in a house, I guess. DC didn't take Princeton and the debt that came along w it.

I thought some schools took home value into account. We were told what we have in 529s abs our home equity (just not retirement savings) would be a mark against us for aid.

My kids didn't apply to those super-selective schools but my close friend's kid did. She said they were offered very little aid and when she discussed it with the financial aid offices they told her they should just take out a home equity loan to pay for it. We're in an area where we paid pretty low prices for our homes 20 years ago and now they are worth $1M+.

i don't think it's crazy to ask that. We are in that situation -- i have two kids in elem, right now we have about $200,000 left on our mortgage, and our house is worth $1.4 million (we live in Shaw and bought right before "gentrification"). I actually would consider using our equity to pay for college.

Yeah, I'm okay with using home equity or retirement money, just not both.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here.
I get that $90K is a rounding error for some on here and two weeks' salaries for others.

But I bet that for most of us, $360K is not an insignificant amount.
And yet we're fighting each other for the privilege of paying it.

We are truly idiots for playing into this. Excuse my insult as I include myself in that group.

OP, you had many chances to get there with so little money. When Netflix raised their DVD monthly rental from $7 to $11, it was time to buy Netflix stock. When Apple came out with Iphone, you still had several years to buy the stock to get to $360k. When you were shopping on Amazon, you should have been buying the stock. All in all, ca $30k in any one of them, would have taken you there.
There are so many other companies that were clearly going to do well.
I started really late like in 2020 because of work and visa problems.Almost 20 years down the drain, and I still made it. My older one doesn't want me pay that much for college and wants to go to community college. Younger one is about to get $300k, but outside of 529 ofcourse. Younger DC has 10 years til college. We were never high earners. We had to make money work for us even if we knew nothing about it. Well, almost nothing. It's extremely good time to be in the market and/or enter the market now to forever. Not a financial advice.

First of all, not everyone is a savvy investor. And I'll go further than not many people know much about investing at all. So good for you? But you're expected a tremendous amount of financial know-all for most people. I grew up pretty poor and I can tell you I didn't have any sort of "investing" until I was nearly 30. Partly due to my debt (school) to income ratio and partly due to just not knowing.

Second, you imply that people should give up any sort of luxury, however small, to fund college. And I fundamentally disagree with that. Colleges are overpriced. Loans are predatory. And yet, despite what we say about "you can do well at any college" there aer many that will only hire from ivies, top tiers, etc. I saw that first hand in my own line of work. So people have valid reasons to want those schools.

Where did you work that would only hire from "ivies, top tiers, etc"? Because there really are not many areas that are like that. People do NOT have valid reasons to want those schools. There are literally only ~50-60K freshman matriculating at T25 schools each year. Yet millions of people are happy, succesful in their careers. Do the math, majority of them did not attend T25 schools.

At my aged agency- my incoming class I had 6 Ivy alum and me and two others with state university degrees. We all came in sane grade/step and all make the same 25 years later.

Do they still hire mostly from Ivies/T25 currently? Were those 6 Ivy alums hired because they had actual connections at your aged agency or just because they were Ivy Alums? Because it's very likely many Ivy alums have parent/family connections already and might have gotten that same job even if they went to State U

Ironically, you proved the point that you all make the same are at the same grade now, so really it doesn't matter where you went---quality workers come from any college.

That was my point!! They hire from everywhere. In my field, most have a graduate degree.

Except your example implied your odds were far greater to get the job from the start if you went to an Ivy League school.

No company pays their hires different salaries for the exact same job.

How do you calculate the odds fairly? Is it the school or is it the high performing student? Ivies just have a greater concentration of the latter.

I work for a major F500 consulting firm and in a high performing group within the firm. Most people on here would know my employer. At beginning of summer was the annual email welcoming all the summer interns for the group. Most were from flagship state universities and the rest from various private colleges. Ivies did not dominate. Nowhere close to it. Yes, this is anecdotal and it's just one firm, but people really, greatly overestimate and exaggerate the advantages of going to an Ivy.

-- double Ivy alum who figured this out long time ago.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here.
I get that $90K is a rounding error for some on here and two weeks' salaries for others.

But I bet that for most of us, $360K is not an insignificant amount.
And yet we're fighting each other for the privilege of paying it.

We are truly idiots for playing into this. Excuse my insult as I include myself in that group.

OP, you had many chances to get there with so little money. When Netflix raised their DVD monthly rental from $7 to $11, it was time to buy Netflix stock. When Apple came out with Iphone, you still had several years to buy the stock to get to $360k. When you were shopping on Amazon, you should have been buying the stock. All in all, ca $30k in any one of them, would have taken you there.
There are so many other companies that were clearly going to do well.
I started really late like in 2020 because of work and visa problems.Almost 20 years down the drain, and I still made it. My older one doesn't want me pay that much for college and wants to go to community college. Younger one is about to get $300k, but outside of 529 ofcourse. Younger DC has 10 years til college. We were never high earners. We had to make money work for us even if we knew nothing about it. Well, almost nothing. It's extremely good time to be in the market and/or enter the market now to forever. Not a financial advice.

First of all, not everyone is a savvy investor. And I'll go further than not many people know much about investing at all. So good for you? But you're expected a tremendous amount of financial know-all for most people. I grew up pretty poor and I can tell you I didn't have any sort of "investing" until I was nearly 30. Partly due to my debt (school) to income ratio and partly due to just not knowing.

Second, you imply that people should give up any sort of luxury, however small, to fund college. And I fundamentally disagree with that. Colleges are overpriced. Loans are predatory. And yet, despite what we say about "you can do well at any college" there aer many that will only hire from ivies, top tiers, etc. I saw that first hand in my own line of work. So people have valid reasons to want those schools.

Where did you work that would only hire from "ivies, top tiers, etc"? Because there really are not many areas that are like that. People do NOT have valid reasons to want those schools. There are literally only ~50-60K freshman matriculating at T25 schools each year. Yet millions of people are happy, succesful in their careers. Do the math, majority of them did not attend T25 schools.

At my aged agency- my incoming class I had 6 Ivy alum and me and two others with state university degrees. We all came in sane grade/step and all make the same 25 years later.

Do they still hire mostly from Ivies/T25 currently? Were those 6 Ivy alums hired because they had actual connections at your aged agency or just because they were Ivy Alums? Because it's very likely many Ivy alums have parent/family connections already and might have gotten that same job even if they went to State U

Ironically, you proved the point that you all make the same are at the same grade now, so really it doesn't matter where you went---quality workers come from any college.

That was my point!! They hire from everywhere. In my field, most have a graduate degree.

Except your example implied your odds were far greater to get the job from the start if you went to an Ivy League school.

No company pays their hires different salaries for the exact same job.

Anonymous wrote:No company pays their hires different salaries for the exact same job.