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Started By
Message
re: Rice University announces free tuition for middle income undergraduate students
Posted on 9/18/18 at 7:39 am to chinhoyang
Posted on 9/18/18 at 7:39 am to chinhoyang
quote:
Rice must have a hell of an endowment.
Which is strange because Asians are not usually well endowed
1
Posted on 9/18/18 at 7:40 am to GetCocky11
quote:
Good for them. That is awesome.
Right up until these grads enter the job market and employers start questioning the quality of a non-scholarship free degree.
EDIT: Apparently the board is full of idiots who think that a business can slash its costs and keep the same product quality.
This post was edited on 9/18/18 at 8:26 am
Posted on 9/18/18 at 7:42 am to PrivatePublic
quote:I don't follow.
Right up until these grads enter the job market and employers start questioning the quality of a non-scholarship free degree.
Posted on 9/18/18 at 7:42 am to fjlee90
They have a 5 billion dollar endowment. Just dropping that in to an average mutual fund produces 350 MM a year. They will survive.
Posted on 9/18/18 at 7:43 am to PrivatePublic
quote:
Right up until these grads enter the job market and employers start questioning the quality of a non-scholarship free degree.
An employer who questions the quality of a degree from Rice is an employer who will be out of business in a few years.
Posted on 9/18/18 at 7:44 am to PrivatePublic
quote:
Right up until these grads enter the job market and employers start questioning the quality of a non-scholarship free degree.
You really think this is going to damage Rice's academic reputation? The kids still have to get accepted and pass the classes.
Potential employers would have to discount ALL Rice degrees without knowledge of whether or not an applicant qualified for this program.
Posted on 9/18/18 at 7:45 am to Tiger in NY
Posted on 9/18/18 at 7:45 am to PrivatePublic
quote:
Right up until these grads enter the job market and employers start questioning the quality of a non-scholarship free degree.
Why would the employer care how a candidate’s degree was paid for?
Posted on 9/18/18 at 7:47 am to Dire Wolf
What about poor income students?
Posted on 9/18/18 at 7:48 am to GetCocky11
quote:
quote:
By making $215,000 you'll be on the hook for the $40,000 or so annually that it actually costs. More punishing of the successful.
You're making a weak argument, IMO.
Agreed. If your parents make 215kand they have to pay 40k for child to go there....then their kid is a dumbass and should have either did better in school or went somewhere else cheaper.
That's not punishment for success. You have to measure the success of the student, not their parents. If your paying full price to attend then you're child was not successful.
Posted on 9/18/18 at 7:51 am to Ryan3232
quote:
What about poor income students?
They’ve been going for free.
Posted on 9/18/18 at 7:56 am to GetCocky11
quote:How so? And, the guy who responded to you with "if you're paying full price your kid is a dumb arse" is a dumb arse because failing kids don't get accepted to Rice.
You're making a weak argument, IMO.
This post was edited on 9/18/18 at 7:59 am
Posted on 9/18/18 at 7:58 am to Steadyhands
quote:
.then their kid is a dumbass and should have either did better in school or went somewhere else cheaper.
Posted on 9/18/18 at 8:09 am to fjlee90
quote:
Nothing is free. Follow the money. Somebody is footing the bill.
This
Posted on 9/18/18 at 8:18 am to Dire Wolf
Well, the value of a degree from Rice just dropped precipitously.
Posted on 9/18/18 at 8:20 am to Aubie Spr96
quote:
Well, the value of a degree from Rice just dropped precipitously.
How?
Posted on 9/18/18 at 8:30 am to OWLFAN86
quote:
'til the early mid 70's.
When you attended, right?
Posted on 9/18/18 at 8:36 am to PrivatePublic
quote:
EDIT: Apparently the board is full of idiots who think that a business can slash its costs and keep the same product quality.
$5 billion endowment. In addition, what percentage of their student enrollment will ultimately be impacted by this plan? Students from families making less than $65K were already attending for free.
How much tuition were the students from families in the $65-$130K range paying before? At Harvard, those families generally pay no more than 10% of their annual income.
Also, they will be increasing the number of graduates with no student loans. These students will be in a better position to give back to the university earlier than they would if they had to worry about paying off loans.
You think Rice did this without looking at all the angles and figuring out the economic impact? Who's the idiot again?
This post was edited on 9/18/18 at 8:40 am
Posted on 9/18/18 at 8:38 am to PrivatePublic
quote:Spell it out for us.
EDIT: Apparently the board is full of idiots who think that a business can slash its costs and keep the same product quality.
I have a sneaking suspicion you have no idea what you're talking about.
Posted on 9/18/18 at 8:44 am to PrivatePublic
quote:
EDIT: Apparently the board is full of idiots who think that a business can slash its costs and keep the same product quality.
These people were not going to rice. I hardly think adding a handful of merit based scholarships is going to drastically reduce the quality. If anything rice just got a lot more competitive
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