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re: Bama offering full ride. . .vs paying more to go to a better school
Posted on 4/2/24 at 11:32 pm to 22jctiger22
Posted on 4/2/24 at 11:32 pm to 22jctiger22
LSU does not care about getting the best and brightest which is why they go to Al, AU, Om, etc.
Posted on 4/3/24 at 2:12 am to TigerFan244
Take the full ride over paying out the arse for a “better” school
Posted on 4/3/24 at 4:05 am to molsusports
quote:
You can't justify 320k for undergrad and then potentially hundreds of thousands more for graduate school.
It just depends.
In larger metros the affluent are already often paying like 25k or 30k per year for high school so paying more for college may not be a big deal to them.
Overall, I would advise a young person to avoid going into massive debt for undergrad. A little debt is probably ok, but I wouldn’t want 100k+ in debt from undergrad.
This post was edited on 4/3/24 at 4:06 am
Posted on 4/3/24 at 7:12 am to TigerFan244
I’ve ran engineering firms, have done recruiting and hiring. To me it’s the full ride no questions. Unless he’s looking into something like software engineering (which a degree isn’t really necessary anyway) or a niche engineering field where the college name matters more. For all other engineering fields, doesn’t matter. #1 thing most will care about is communication and interpersonal skills.
Posted on 4/3/24 at 7:47 am to BourbonDad
My kid has Duke in his list. Also has MIT, Harvard, Stanford, Berkeley, and Yale.
All of them except Duke I could justify. Problem is he is interested in biomedical engineering. Duke is 2 in the country. GA Tech is 1. We live in GA and it will cost about 10k a year as opposed to 83k a year.
Now if he gets into a reach school I’ll pay because of the name recognition. Might be stupid but people that go to Harvard or MIT tend to have higher trajectories.
All of them except Duke I could justify. Problem is he is interested in biomedical engineering. Duke is 2 in the country. GA Tech is 1. We live in GA and it will cost about 10k a year as opposed to 83k a year.
Now if he gets into a reach school I’ll pay because of the name recognition. Might be stupid but people that go to Harvard or MIT tend to have higher trajectories.
Posted on 4/3/24 at 7:53 am to Boss
Do juniors ever transfer from GT to Harvard or MIT?
Posted on 4/3/24 at 8:17 am to Boss
quote:
My kid has Duke in his list. Also has MIT, Harvard, Stanford, Berkeley, and Yale.
All of them except Duke I could justify. Problem is he is interested in biomedical engineering. Duke is 2 in the country. GA Tech is 1. We live in GA and it will cost about 10k a year as opposed to 83k a year.
Now if he gets into a reach school I’ll pay because of the name recognition. Might be stupid but people that go to Harvard or MIT tend to have higher trajectories.
So over the course of 4 years, you could save 100k + a year if he chooses GA Tech over a name brand school?
That is $400,000.
You think the name brand school would put him ahead in life over $400,000 sitting in a retirement account when he graduates at 22?
The math ain't mathin for me.
Posted on 4/3/24 at 8:21 am to I Love Bama
Duke, no. Harvard, MIT, and Stanford with the connections he could make. Maybe. But your math is a fallacy anyway. I’m not just giving him the difference. Sure he will get it when I die, but it isn’t like I am saying here is 100k a year, spend it how you like.
Posted on 4/3/24 at 8:25 am to Boss
quote:
I’m not just giving him the difference. Sure he will get it when I die, but it isn’t like I am saying here is 100k a year, spend it how you like.
You are not getting my point.
No difference in degrees from these schools is going to get your son ahead in life more than if you take the difference and set him up for an early retirement.
I specifically said retirement account, not spend as he wants.
That is $1,500,000ish in the account when he hits 40.
Posted on 4/3/24 at 8:39 am to TigerFan244
Alabama is a fine school. Graduating without debt is awesome and puts you ahead of most of your peers.
That said, could you “pay more” for a better school and not have debt? Georgia Tech is one of the best engineering programs in the nation.
That said, could you “pay more” for a better school and not have debt? Georgia Tech is one of the best engineering programs in the nation.
Posted on 4/3/24 at 8:43 am to I Love Bama
When he hits 40, what I have in my retirement account for him and his sister will be just fine.
Posted on 4/3/24 at 8:48 am to I Love Bama
quote:
You think the name brand school would put him ahead in life over $400,000 sitting in a retirement account when he graduates at 22?
That depends on what he wants to do.
He doesn't seem to be aiming for an elite job, so GTech is likely the better financial decision.
If he was trying to get into IB, entertainment (management, agency, etc.), Big Tech, major politics, etc., the name brand means a LOT, and the potential economic rewards dwarfs the $400k.
Posted on 4/3/24 at 8:52 am to TigerFan244
quote:
Bama offering full ride
This term is often overused. Most people take it to mean that the student is attending the school for free. Is that the case? I've heard parents say that only to find out they must pay $15k/year for housing. Of course, going to Bama also means that the kid will likely be in Greek life (there's another $10K/year). Make sure that you are considering all costs when making this decision.
If your child is a senior and already applied, it's too late, but out of state public schools are typically not the best source for merit money. You'd be surprised at what the more wealthy private schools will offer very high-achieving students.
Posted on 4/3/24 at 9:48 am to bazeball
Alabama is known for giving very generous packages to bright out of state students. To the point where in-state families are getting pissed.
My niece went Chemical Engineering at Bama in a weird way. She got a full ride at State and went through Orientation in June. While she was at MSU orientation, Alabama called her and said that a scholarship recipient had decided to go elsewhere and she was being offered one of the prestigious scholarships at Bama so she switched and went to Alabama.
Graduated with $0 in debt and never paid for a meal. It was one of the most amazing scholarships I've ever seen. She only had a 32 ACT.
That being said, here are the rankings of Engineering schools (SEC/Southern/notables)
1. MIT
2. Stanford
3. Cal
4. Purdue
5. Carnegie Mellon
6. Georgia Tech
7. Caltech
8. Michigan
9. Texas
10. Texas A&M
22. Duke
23. Harvard
25. NC State (wow, what a value if you live in NC!!!!)
42. Vanderbilt
47. Florida
55. Auburn
57. Tennessee
73. Alabama-Huntsville
85. Mississippi State
92. FAMU/Florida State (joint Engineering school)
95. Kentucky
99. Alabama
103. Missouri
104. Arkansas
106. South Carolina
110. Oklahoma
112. UAB
113. Georgia
121. LSU
170. Ole Miss
My niece went Chemical Engineering at Bama in a weird way. She got a full ride at State and went through Orientation in June. While she was at MSU orientation, Alabama called her and said that a scholarship recipient had decided to go elsewhere and she was being offered one of the prestigious scholarships at Bama so she switched and went to Alabama.
Graduated with $0 in debt and never paid for a meal. It was one of the most amazing scholarships I've ever seen. She only had a 32 ACT.
That being said, here are the rankings of Engineering schools (SEC/Southern/notables)
1. MIT
2. Stanford
3. Cal
4. Purdue
5. Carnegie Mellon
6. Georgia Tech
7. Caltech
8. Michigan
9. Texas
10. Texas A&M
22. Duke
23. Harvard
25. NC State (wow, what a value if you live in NC!!!!)
42. Vanderbilt
47. Florida
55. Auburn
57. Tennessee
73. Alabama-Huntsville
85. Mississippi State
92. FAMU/Florida State (joint Engineering school)
95. Kentucky
99. Alabama
103. Missouri
104. Arkansas
106. South Carolina
110. Oklahoma
112. UAB
113. Georgia
121. LSU
170. Ole Miss
This post was edited on 4/3/24 at 10:00 am
Posted on 4/3/24 at 12:00 pm to anc
You just have general engineering. It’s way more complicated. You need to look at specific fields.
Posted on 4/3/24 at 12:36 pm to TigerFan244
This isn't a conundrum. Free school is always better than non-free if you are getting the same degree. College is about the experience not the education. Employers are going to to look at skill sets that aren't on the grade card.
Posted on 4/3/24 at 12:37 pm to TigerFan244
quote:
Engineering
As a practicing Electrical Engineer, it literally does not matter what engineering school a kid goes to. If they want to get a PE license down the road, life is much easier if they go to an ABET accredited program which Alabama is. There is nothing to be gained by paying to go to a different engineering school.
Posted on 4/3/24 at 12:56 pm to SlowFlowPro
quote:
doesn't seem to be aiming for an elite job, so GTech is likely the better financial decision.
If he was trying to get into IB, entertainment (management, agency, etc.), Big Tech, major politics, etc., the name brand means a LOT, and the potential economic rewards dwarfs the $400k.
Elite is an interesting word choice. Name brand is what we're talking about. Prestigious is probably the most accurate word choice.
Really elite outcomes are not achieved by applying to existing companies and impressing middle management with the prestigious name of the school.
The guys who end up with the top 1% of 1% outcomes don't do that though. They start their own companies or political brand names.
Getting into politics or tech or engineering as middle management is much easier with a prestigious college on your CV. At least that would be my default guess without seeing an actual analysis of statistical outcomes.
Posted on 4/3/24 at 12:59 pm to Boss
(no message)
This post was edited on 4/18/24 at 2:25 pm
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