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re: Scales tipped against college?
Posted on 7/24/16 at 5:15 pm to lynxcat
Posted on 7/24/16 at 5:15 pm to lynxcat
quote:
If you had said ten years to repay loan then maybe a discussion could start... But one year is silliness.
He did not saw pay it off in the first ear, he is saying that if your total college expenses are greater than what your first year income will be it is probably not the best economic decision. You will never be able to get economic traction in your life with that kind of debt income ratio. This is just a rough guideline that is utilized by many personal finance advisors.
1
Posted on 7/24/16 at 5:18 pm to Hammertime
quote:
Were you in AP classes?
Maybe you're thinking about upper level classes, because the lower level material was on par with what I took in HS
Yes, I took honors/AP level HS classes. The material is the same for entry level college classes, but the pace is faster. The material in Calc 1 is the same in AP Calc or your first semester in college for college is covering the same material in one semester rather than an entire year like in HS.
The difficulty of freshman or sophomore year may also depend on what school someone attends. My freshman year had some of the hardest classes I took in college but they also taught me some important skills (most notably, writing skills).
Posted on 7/24/16 at 5:21 pm to EA6B
quote:
He did not saw pay it off in the first ear, he is saying that if your total college expenses are greater than what your first year income will be it is probably not the best economic decision. You will never be able to get economic traction in your life with that kind of debt income ratio. This is just a rough guideline that is utilized by many personal finance advisors.
If this is the case, then no one would ever attend a private college or university. 4 year cost around in the 100-120k realm for private schools and the only people coming out making close to that salary straight out of undegrad are investment bankers.
The reality is that salqary grows dramatically in the first five years out of undergrad (likely close to doubling), so using Y1 as the measure is oversimplified.
This post was edited on 7/24/16 at 5:21 pm
Posted on 7/24/16 at 5:22 pm to lynxcat
Maybe my public school was too good, although I did have 10th and 11th graders in some of my college courses. I have learned no writing skills my entire college career
Posted on 7/24/16 at 5:24 pm to Hammertime
quote:
Maybe my public school was too good, although I did have 10th and 11th graders in some of my college courses. I have learned no writing skills my entire college career
I went to a school that required all test to be written (no scantron) and writing was an integrated part of the curriculum. I wrote 20 page papers as a business major and wrote 5+ page papers in most of my accounting classes. This is probably a skewed anecdote but provides perspective on my POV. Most business/finance/accounting degrees require little to no writing.
Posted on 7/24/16 at 5:24 pm to lynxcat
My company is paying new EE and comp sci grads $120K with a stock plan. I'm glad I chose the more difficult engineering path. The possibility of retiring at 55 is legit.
Posted on 7/24/16 at 5:28 pm to Breauxsif
quote:
My company is paying new EE and comp sci grads $120K with a stock plan. I'm glad I chose the more difficult engineering path. The possibility of retiring at 55 is legit.
Most of the engineers I have encountered do it for 5-7 years and then get a MBA to move out of the technical side of the business. No doubt that engineering is an amazing skill set.
Posted on 7/24/16 at 5:30 pm to RealityTiger
quote:
Plant operators don't start out at 80K. More like 50-55K. Now, after a few years and certifications in different areas of the plant, sure.
Is there any upside for an operator with a 4 year college degree as well as a PTECH/operator degree.
Posted on 7/24/16 at 5:35 pm to lynxcat
quote:
If this is the case, then no one would ever attend a private college or university. 4 year cost around in the 100-120k realm for private schools and the only people coming out making close to that salary straight out of undegrad are investment bankers.
Unless they are attending a ivy league school borrowing 100k for a undergraduate degree can rarely be justified financially. In the case of the ivy league few pay full cost, at Harvard 70% receive need based scholarships, 100% graduate debt free, more than 20% pay nothing. Most of the ivys have endowments that allow similar aid.
LINK
LINK
Posted on 7/24/16 at 5:36 pm to lynxcat
And yet most seniors in college cannot properly formulate sentences, use spell check, or write papers in the correct format. I have always needed to proofread and correct the papers of every group I've ever been in. Evidently the required English classes aren't teaching people anything
Posted on 7/24/16 at 5:37 pm to Halftrack
quote:
plumbers starting at $80k
Hahahahahahah
Posted on 7/24/16 at 5:42 pm to lynxcat
Yeah I'm considering getting my MBA online and work simultaneously. My company will pay for it.
You're right, most engineers I've encountered that pursue their perspective MBA, gravitate more towards a Product Management role and apply the lean methodology to see a product from start to finish.
You're right, most engineers I've encountered that pursue their perspective MBA, gravitate more towards a Product Management role and apply the lean methodology to see a product from start to finish.
Posted on 7/24/16 at 5:52 pm to Hammertime
quote:
Maybe you're thinking about upper level classes, because the lower level material was on par with what I took in HS
If you were in AP classes why did you retake lower level material?
Posted on 7/24/16 at 5:53 pm to Breauxsif
quote:
Yeah I'm considering getting my MBA online and work simultaneously. My company will pay for it.
You're right, most engineers I've encountered that pursue their perspective MBA, gravitate more towards a Product Management role and apply the lean methodology to see a product from start to finish.
Nicely done. What city do you live in? I can personally say that I am not a huge fan of online MBA programs unless it is the only option available because of location or family situation. In-person working programs are going to be more valuable due to the networking. This is an aside from the OP topic so I won't highjack
Posted on 7/24/16 at 5:54 pm to Peazey
quote:
The median income for plumbers, pipefitters, and steam fitters for 2015 was very close to $50k.
So obviously, they start at 80k just like the OP said and go down from there. Makes sense.
Posted on 7/24/16 at 5:56 pm to EA6B
quote:
Unless they are attending a ivy league school borrowing 100k for a undergraduate degree can rarely be justified financially. In the case of the ivy league few pay full cost, at Harvard 70% receive need based scholarships, 100% graduate debt free, more than 20% pay nothing. Most of the ivys have endowments that allow similar aid.
There are plenty of great schools outside of the Ivy's that still cost a lot of money. More or less, you are saying that someone shouldn't go to a private school unless it costs less than $50k net. I think that is overly simplified for one of the most important decisions in a person's life.
Where someone goes (or does not go to college) quite literally pivots the entire course of his or her life. Lifelong friends, marriage, and skill sets are defined by that choice...so boiling it down to such a simple figure doesn't do the decision justice, IMO.
Posted on 7/24/16 at 6:03 pm to lynxcat
Seattle WA, enormous tech boom going on here.
I have no other choice than to pursue an online MBA because my work requires me to travel frequently. Villanova's online program is extremely convenient for working professionals. Luckily, I have no kids and wife which is all by choice, because my career is taking off. I concur, that meeting in a class setting is the best avenue of approach.
Seattle University, which is a top tier private school has a similar program, and I'd even consider going to night school after work, but once again I have to consider my travel schedule. It's definitely a double edged sword.
I have no other choice than to pursue an online MBA because my work requires me to travel frequently. Villanova's online program is extremely convenient for working professionals. Luckily, I have no kids and wife which is all by choice, because my career is taking off. I concur, that meeting in a class setting is the best avenue of approach.
Seattle University, which is a top tier private school has a similar program, and I'd even consider going to night school after work, but once again I have to consider my travel schedule. It's definitely a double edged sword.
Posted on 7/24/16 at 6:15 pm to Breauxsif
quote:
Seattle WA, enormous tech boom going on here.
I have no other choice than to pursue an online MBA because my work requires me to travel frequently. Villanova's online program is extremely convenient for working professionals. Luckily, I have no kids and wife which is all by choice, because my career is taking off. I concur, that meeting in a class setting is the best avenue of approach.
Seattle University, which is a top tier private school has a similar program, and I'd even consider going to night school after work, but once again I have to consider my travel schedule. It's definitely a double edged sword.
Have you looked at Foster's part time program? I looked at it awhile back. School is ranked in the 30s overall so it is a strong regional...no doubt that it is a source for a lot of the top Seattle companies.
Biggest downfall with Foster is that it is a 3 year program. You would have to check whether you could make the class schedule work with your work priorities.
LINK /
Posted on 7/24/16 at 6:16 pm to lynxcat
quote:
Where someone goes (or does not go to college) quite literally pivots the entire course of his or her life. Lifelong friends, marriage, and skill sets are defined by that choice...so boiling it down to such a simple figure doesn't do the decision justice, IMO.
I went to public universities on scholarships because that is what my family could afford, remarkably I still managed to get married and have lifelong friends. If a students family can afford private school fine, otherwise none of these things are a rational justification for borrowing 100K to get a undergrad degree if a similar degree can be obtained for a more reasonable cost at a public university.
Posted on 7/24/16 at 6:19 pm to Breauxsif
If you do decide to go online, look at UNC Kenan Flager. It is arguably the most prestigious program that is online.
Another worth looking at is UCLA Andersen Flex MBA (FEMBA). They have a good portion setup online and with the occasion trip to LA required. It wouldn't be too bad of a trip since you are based in Seattle.
Hope this helps
I've looked at all of these programs as I was decided where to attend this fall.
Another worth looking at is UCLA Andersen Flex MBA (FEMBA). They have a good portion setup online and with the occasion trip to LA required. It wouldn't be too bad of a trip since you are based in Seattle.
Hope this helps
I've looked at all of these programs as I was decided where to attend this fall.
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