Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:UVA to save money for grad school. UVA does very well with graduate school placements
Source?
. my Dd just got into Oxford for a M. Phil. Lots of friends, including a Marshall and a Rhodes are going fro
Her group of UVA friends
DP. Huh?
The point being made is to go to UVA and bank the money and use it for grad school:
1) your student may change their mind, as mine did, and shift from engineering, math, or whatever to another major; UVA is a better institution, offering more options and flexibility than CMU, should your student change majors. We have to remember they are really children at this point and while they think they might want to major in X, many many change their minds.
2) UVA for our in-state student is only 8K a term (we locked in four years ago). She lives off campus with three other women, doesn't have a car, doesn't participate in anything expensive (Greek), and cooks for herself.
3) We put the difference of 16K a year (plus expenses) and 75K a year (my SLAC, Ivy) into a Vanguard index fund and fortunately pulled it out when DC got into Oxford at the beginning of March so we have enough for grad school plus some. That's a lot of ride-up. For example, my SLAC is now at 80K. UVA all in for a first-year student will be higher, of course, next year, but most top SLACs and Ivies will be 75-80K for 2020-2021. Subtracting say $25K (including room and board and maybe you get some financial aid) from 80K gives you $55. If you have no savings, that 55K is in after-tax dollars to the parent so you have to make 100K to get the 55K. Put the 55K away (especially now when the market has dropped) in a large-cap index fund to be used for grad school. That's $220 - $300K saved in four years, depending upon return.
4) UVA is doing very well in the Rhodes, Marshall, Fulbright and other competitions.
https://news.virginia.edu/content/first-time-uva-breaks-top-10-schools-granted-fulbright-student-awards, It's a top 10 school for Fulbrights. My DD will be going with a Marshall to Oxford. Remember other institutions want to have diversity in their own grad school classes, so it's probably easier to get into a Harvard grad program from UVA than from Harvard.
5) UVA has its own great reputation for placing into its own grad schools. You can look the stats up easily online. UVA Law has become a real contender in the T10 market.
https://www.law.virginia.edu/facts-and-stats/overview. For math, here's the application admissions information for math grad work.
https://math.virginia.edu/graduate/admission/
6) UVA places well for its students into other grad programs. Google them by the school. This page provides some information regarding graduate school admission for the various schools at UVA.
https://www.virginia.edu/apply/gradadmission
7) Of all of my DDs friends, only one does not yet have admission into a top grad program. I've actually been surprised how many have gotten into Oxford (Cambridge applications are due at end of March so I can't compare). She has UVA friends ahead of her already over there finishing M.Phils and D.Phils.
That's the argument, but YRMV