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re: Would you fund your kid's IVY league education if you could?
Posted on 11/30/22 at 8:31 pm to Eightballjacket
Posted on 11/30/22 at 8:31 pm to Eightballjacket
quote:
Otherwise he’s not getting into Harvard with a 34 ACT
He's mixed, but this simply isn't true. 34 is 99th percentile. One of my white friends from HS went to Yale with a 32.
1
Posted on 11/30/22 at 8:31 pm to mattytiger123
Not for a fricking philosophy degree.
This post was edited on 11/30/22 at 8:32 pm
Posted on 11/30/22 at 8:33 pm to mattytiger123
I would pay to make sure my kid does not attend an ivy league school
Posted on 11/30/22 at 8:43 pm to mattytiger123
Why would any parent pay to have their child indoctrinated to be a miserable leftist with a hate filled heart?
Posted on 11/30/22 at 8:44 pm to Tyga Woods
quote:
he scored a 29 on the ACT as a sophomore, now at a 34 There are 15-20 of these kids at every high school.
Nah…
What’s funny is that I used to read all about ACT scores in terms of the minimums that recruits and NCAA athletes and state school students had to make, so I thought those scores were what most people made
I was shocked when I made a 27 the first time I took it, then a 29 the next time. I tried one more time looking for over 30 but got a 29 again
This post was edited on 11/30/22 at 8:51 pm
Posted on 11/30/22 at 8:48 pm to AbuTheMonkey
quote:
The average career and lifetime income premium for an Ivy degree is huge (7 figures in real dollars, easily). A philosophy degree from Harvard is worth more than an engineering degree than all but a small handful of state schools, as one comparison.
You make it seem like lifetime earnings of 7-figures is a big deal, and maybe it is, but many grads with engineering degrees from top state schools are easily earning 7-figures only 10 years in.
Posted on 11/30/22 at 8:54 pm to mattytiger123
quote:
leads bible studies at an assisted living home
He's out of the Ivys.
Respect his parents principles and their willingness to stick to them.
Posted on 11/30/22 at 8:59 pm to fightin tigers
quote:
If it is Pre-law then probably not so much
Way too many lawyers
When I graduated with my masters in library & information science - there were 3 lawyers in my class
Posted on 11/30/22 at 9:02 pm to mattytiger123
Why would I, or any sane parent for that matter, pay to send my children to a radical Marxist reeducation camp?
Posted on 11/30/22 at 9:26 pm to mattytiger123
quote:
He's mixed, but this simply isn't true. 34 is 99th percentile. One of my white friends from HS went to Yale with a 32.
I know one kid who got a 35 and wasn’t accepted by either Harvard or Yale. I know another kid who got a 36 and was turned down by Harvard but was accepted by Yale. Both are white and had stellar grades from a competitive public high school. I guess you never know.
Posted on 11/30/22 at 9:28 pm to DiamondDog
quote:
We're on track to save about $250,000 for my two kids education.
My advice to them would go to local school U for undergrad, decent grad school...use balance for down payment on first house.
We'll see if they listen to dear old dad.
Law is an old-school profession in that if you go to the right small group of schools and do reasonably well you are very likely to reap lifelong pay benefits IF you choose to go that route. It is possible to earn just as much long-term going to a tier 2 or even 3 school but it is very likely they won't start at an initially high salary.
If someone wants to go to a biglaw firm there are a limited number of schools they actively hire from. Not quite as strict as in the past but if you look at the incoming first-year associates for firms that pay Craveth or above the vast majority of them will have a degree from 10 or so colleges. The ROI for those schools is really high, again if you decide biglaw is for you, this year Craveth for 1st years is $235k (salary and bonus) and 5th years are at $435k.
One issue with typical undergrad degrees people pursue planning to go to law school is that many have very low ROIs if they decide law school isn't for them. The best degrees IMO are ones with lots of reading and lots of writing especially if the writing is done in a time crunch. Philosophy is a good degree for pre-law.
I grew up in a household that valued education for education's sake and they would have paid for me to go anywhere I wanted to assuming I got in. I had the same philosophy with my son. I didn't care if it was Liberty or Oberlin for ideology or Harvey Mudd or community college for cost. It was his choice and his life and if I could I would support his choices just like my parents did for me.
Posted on 11/30/22 at 9:48 pm to mattytiger123
Ivy admissions are a crapshoot no matter his grades and scores, though applying early decision helps a lot. But if his parents have the means but will not pay for it, there is no reason to apply. An undergrad student can only take out loans of $5000-$7500 a year in his own name. Parents would have to take out loans or pay the rest. Now should they pay? I don't think a Yale education is a lot better than Notre Dame, but they are likely paying the full $300,000 at either. Parents can dictate where they will spend that money but they better do a good job explaining that to the kid or risk a rupture in their relationship.
Posted on 11/30/22 at 9:50 pm to mattytiger123
quote:
Thoughts?
Let the kid go the best school that makes him happy and stop worrying about all the indoctrination crap.
Posted on 11/30/22 at 10:06 pm to Obtuse1
quote:
The ROI for those schools is really high, again if you decide biglaw is for you, this year Craveth for 1st years is $235k (salary and bonus) and 5th years are at $435k
That sounds great but you're probably living somewhere with high taxes, high COL and away from family. Everything is perspective.
Posted on 11/30/22 at 10:11 pm to mattytiger123
He doesn't need an Ivy League education for philosophy and then law.
Posted on 11/30/22 at 10:14 pm to mattytiger123
Working in NYC for about 8 years I came across a large number of people that went Ivy League for history, English, some kind of literature or philosophy and still ended up in consulting or IB. I don’t think everyone here realizes the power of just having an ivy school on your resume.
Posted on 11/30/22 at 10:15 pm to G2160
quote:
many grads with engineering degrees from top state schools are easily earning 7-figures only 10 years in.
Posted on 11/30/22 at 10:15 pm to G2160
quote:
You make it seem like lifetime earnings of 7-figures is a big deal, and maybe it is, but many grads with engineering degrees from top state schools are easily earning 7-figures only 10 years in.
He's talking about the premium, not the total.
Having an ivy league degree likely means your lifetime earnings will be 7 figures MORE than it would be if you got a engineering BS at a state school.
Posted on 11/30/22 at 10:21 pm to mattytiger123
My wife comes from a very privileged family.
Schools are meant for social, economic, & political connections, unless you are middle class, and then they are meant for education.
Schools are meant for social, economic, & political connections, unless you are middle class, and then they are meant for education.
This post was edited on 11/30/22 at 10:24 pm
Posted on 11/30/22 at 10:23 pm to mattytiger123
quote:
His parents are strong conservative Christians and said, in a very matter-of-fact tone, that they will refuse to help fund his education at radical left-wing IVYs and state schools, even going as far to exclude left-leaning Jesuit schools like Fordham, LU-Chicago, etc for their Marxism, and will only pay for "sane institutions." This caused a lot of tension at thanksgiving and is clearly making their boy distraught. My nephew seems pretty set on going to an IVY (if he gets in) no matter the debt he will incur, whereas his mom and dad are pretty loaded and willing to fund his education elsewhere in full.
his parents are brainwashed retards
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