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re: Some colleges will charge up to $95,000 this year...

Posted on 4/3/24 at 10:31 pm to
Posted by Saunson69
Member since May 2023
1941 posts
Posted on 4/3/24 at 10:31 pm to
Lol at thinking anyone from an Ivy is majoring in general education. Also I don't know where they're getting these numbers from. Harvard charged $57,000 last year for tuition. Not sure if they're including cost of living with that or theyre looking at grad school which is more expensive
Posted by Saunson69
Member since May 2023
1941 posts
Posted on 4/3/24 at 10:34 pm to
Over $150k might be middle to lower middle class in probably 1% of the country, not a lot of the country.
Posted by Saunson69
Member since May 2023
1941 posts
Posted on 4/3/24 at 10:41 pm to
It matters where you studied undergrad. All you have to do is look at employment reports of MIT, Harvard, Stanford vs LSU, Ole Miss, ULL. 1st year out of school salary is over 2x for first set compared to 2nd set. By mid career, it's much higher. My brother works for a large oil company and was told by coworkers they had to convince their boss to let in a petroleum engineer grad from LSU as they seldom do it. They pretty much only accept UT and A&M. This is one of the best paying oil companies with a huge bonus. I personally went to an Ivy on scholarship. I was one of 300 applicants for the role I applied to and got it. I was solely narrowed from 300 to final 2 they said for the name of my school. The other guy that's my coworker in my role went to a top 10 university. Tip top paying job with high equity.

I know a petroleum engineer from ULL. He said not one large operator came on campus in 2016 in downturn. He busted his arse for 4 years to try to get on with an operator and could never make it despite a 3.5 GPA, eventually settled for refinery on site job. 3.5 in PETE is really good even if ULL. He struggled as with his classmates bc the oil operators were taking T A&M, UT, etc.

Just like if you're the same exact college football player but you went to LSU, UGA, or Bama compared to McNeese St, you're much more likely to get drafted higher by going to top SEC football schools.

Are there plenty cases of an LSU grad working with a UT grad? Yes, there are. In general as a mass, it does matter. Just like what star recruit you are does matter. People who think it doesn't always cherry pick a specific case, but the data definitely suggests otherwise whether what star recruit you are or what undergrad you went to by career earnings from employment reports.

All you have to do is look at career employment reports by school. The school I went to makes 2x what LSU employment reports for 1st year out of school. So yes it does matter in general. Anyone, which is a large majority of the population bc majority doesn't get into those schools, who doesn't think so is ignoring obvious data and is just salty. Can it be overcome? Obviously, but we're talking large masses of people and general trends.
This post was edited on 4/3/24 at 11:12 pm
Posted by Volvagia
Fort Worth
Member since Mar 2006
51935 posts
Posted on 4/3/24 at 11:45 pm to
quote:

Luckily I attended LSU when out of state tuition was still reasonable. It’s insane how much it has gone up just from the early to mid 2000s.


And then they did away with legacy students where if you were a child of a graduate you can avoid the non resident fee.
Posted by Big Chipper
Charlotte, NC
Member since Sep 2008
2779 posts
Posted on 4/4/24 at 7:04 am to
My son went to Davidson and it was $63,000 in 2020. Now it's up to $84,000, which is insane.

(we didn't pay $63k...he had scholarships)
Posted by tadman
Member since Jun 2020
3871 posts
Posted on 4/4/24 at 7:18 am to
The whole system is so broken.

A university, whether openly government funded like a state school or given millions in research grants as a private school, is an arm of the government. They overbuild, overhire vice presidents, and generally have no limit to their spending because they konw...

...another arm of the government will help finance this into a 20 year payment system. Then they tell you that not having a college degree is trashy. Then those folks at the college let you take all kinds of worthless degrees.

There should be a salary-infrastructure cap and a tuition cap just like major league sports. The science behind calculus, accounting, marketing, biology, chemistry, education, etc... has not changed, it's the salaries and buildings that have changed. There should also be a loan cap so as not to saddle students with massive debt. Also there should be a limited list of majors for financed college degrees. You can't borrow $50,000 to buy a rusty old '86 Chevy Celebrity so why can you borrow $50k to study any random degree for 6-8 years???
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48971 posts
Posted on 4/4/24 at 7:21 am to
quote:

Luckily I attended LSU when out of state tuition was still reasonable. It’s insane how much it has gone up just from the early to mid 2000s.

I went to LSU pre TOPS. It was around 1k per semester.
Posted by Chrome
Chromeville
Member since Nov 2007
10394 posts
Posted on 4/4/24 at 7:22 am to
quote:

We need skilled labor.


This was on the decline 20 years ago. You want a good paying job with benefits, this is the way to go.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9675 posts
Posted on 4/4/24 at 7:22 am to
quote:

It matters where you studied undergrad. All you have to do is look at employment reports of MIT, Harvard, Stanford vs LSU, Ole Miss, ULL. 1st year out of school salary is over 2x for first set compared to 2nd set.

At some point during your Ivy League education you should have learned that correlation =/= causation.

Yes, you will have higher average salaries from schools like Harvard, MIT, and Stanford than your average public university. But that’s only part of the story:

1. The average SEC entering freshman isn’t a realistic candidate for Harvard so it’s a bit of a silly comparison to begin with. In order for the comparison to hold any weight you would need to somehow compare salaries for graduates who went to public schools but could still get in at the Ivy schools.

In other words - yes, smarter students have higher average salaries and Ivy League schools have smarter average students. That’s fairly obvious, but it doesn’t tell you whether an Ivy League education is actually worth the cost.

2. Geography plays a huge part in average salaries. Most people graduating from land grant schools in the south stay in fairly low-COL areas. Most people graduating from elite coastal schools stay in very high-COL areas.
quote:

I know a petroleum engineer from ULL. He said not one large operator came on campus in 2016 in downturn.

I’m curious - do you work in the oil industry? Because if so, you should know that 2016 was the absolute worst time to be graduating in PETE from anywhere. The entire O&G industry was a bloodbath.
quote:

Just like if you're the same exact college football player but you went to LSU, UGA, or Bama compared to McNeese St, you're much more likely to get drafted higher by going to top SEC football schools.

Same exact concept. Correlation =/= causation. The same players don’t go to McNeese. LSU, Bama, and UGA create more draft picks because they recruit better players.
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
8537 posts
Posted on 4/4/24 at 7:25 am to
I work out of a local union hall. Still pisses my liberal sister with 3 degrees who just paid off her student debt that I can make more than her. I encourage anyone who has no idea what they want to do but just wants to go to college for the fun, join a reserve and find a skilled labor trade. Union or no union ( I prefer union). Those jobs won’t be eliminated by robots.
Posted by bayoudude
Member since Dec 2007
24982 posts
Posted on 4/4/24 at 7:28 am to
Unless you are going to graduate with a MD behind your name there is no reason to even consider racking up that kind of debt.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
17085 posts
Posted on 4/4/24 at 7:44 am to
So out of the degree programs they offer, which ones actually are worth a shite?

Let’s look at that because that will answer many questions

Also, 25% of the classes that a student has to take is complete BS and has very little to do with their degree
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48971 posts
Posted on 4/4/24 at 7:45 am to
quote:

Also, 25% of the classes that a student has to take is complete BS and has very little to do with their degree

It's probably more than 25%. Closer to 50%.
Posted by UnluckyTiger
Member since Sep 2003
36078 posts
Posted on 4/4/24 at 8:35 am to
quote:

And then they did away with legacy students where if you were a child of a graduate you can avoid the non resident fee.
greedy bastards.

Is TOPS still a thing? Remember being so jealous that seemingly everyone was on that program Also, I’d say less than 10% of my studies contributed to my success in the real world today. I was a History major with the plan of going to Law School before the housing/market crash and didn't want to take on more debt. I’ve now made a career in IT Sales. So any History or other mostly worthless degree majors reading this…there is hope for you yet if you can talk to people, work hard, and learn a product.
This post was edited on 4/4/24 at 8:39 am
Posted by BradBallard
Wilmington, Delaware
Member since Jun 2020
363 posts
Posted on 4/4/24 at 8:36 am to
quote:

I work out of a local union hall. Still pisses my liberal sister with 3 degrees who just paid off her student debt that I can make more than her. I encourage anyone who has no idea what they want to do but just wants to go to college for the fun, join a reserve and find a skilled labor trade. Union or no union ( I prefer union). Those jobs won’t be eliminated by robots.


21 year old son just cleared 100k as a union electrical lineman for 2023. If you’re young, smart, and hungry, you can make a killing in the trades right now.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9675 posts
Posted on 4/4/24 at 8:43 am to
quote:

It's probably more than 25%. Closer to 50%.

Eh, this is highly dependent on the degree. My degree was ChE and we certainly did not have a lot of fluff. I just looked at the current flow chart:

- ChE: 57 hours
- Chemistry: 19 hours
- Math: 16 hours
- Physics & other engineering: 9 hours
- English: 6 hours
- Econ: 3 hours
- Biology: 3 hours
- Arts/humanities/social sciences: 15 hours
- Total: 128 hours

The “unnecessary” courses (gen ed electives) are ~12% of the curriculum.
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
8537 posts
Posted on 4/4/24 at 9:25 am to
He got in early good for him. I got in late but make plenty at home. On the road you can kill it! There’s money and work. For the first time in years every apprentice in our hall is working and or had a quick turnaround back to work.
Posted by tigersmanager
Member since Jun 2010
7539 posts
Posted on 4/4/24 at 10:05 am to
Ridiculous
Posted by Ten Bears
Florida
Member since Oct 2018
3335 posts
Posted on 4/4/24 at 10:20 am to
quote:

The elites kids ain’t in class dude. They are hanging out jacking off with their buds from Exeter which they also went to kindergarten with


This is laughable. Yes, there are useless trust fund kids at Exeter, Andover, etc. But they are more the exception than the norm (less than 1% of the graduating class). You'd be shocked at the number of kids that attend elite boarding schools where their parents are stretching their financial rubber bands to pay for their kid's education.

And they aren't sitting around jerking off with their other rich friends, determining how they are going to divide the world.

Newsflash...wealthy parents have smart kids as well and they put a TON of pressure on their kids to excel academically at a high level.
Posted by bayou2
New Orleans, LA
Member since Feb 2007
2980 posts
Posted on 4/4/24 at 10:43 am to

... and the govt. is using smoke and mirrors to deal with this issue of tuition climbing to $90,000. per year.

Creating an "error" in the FAFSA application which would give the student additional funds, but in reality NOT

quote:

Latest FAFSA blunder leaves colleges in ‘compromising’ position

BY LEXI LONAS - 04/04/24 6:00 AM ET


LINK
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