Students who attended less elite undergraduate institutions are unlikely to ever close the lifetime salary gap (see article). Does career earnings make an Ivy League education worth the admittedly exorbitant cost?
Depends on if your professor is an American, or a Marxist.
Look at the income filters. Do the rich know something the poor don't?
Ivy's don't actually cost more than any other private colleges. They cost more than in-house state schools, but most private colleges/universities all have very high costs. Ivy's do give great financial aid, though.
I'm not going to rack up thousands of dollars in student loans for my undergrad at an Ivy League when I could go to a smaller state school for much less money.
A college education is an investment. Why does the absolute cost matter when the relative long-term payoff of an ivy education is so much higher?
Because I have a problem putting myself into $100,000 worth of debt for a bachelor's degree. Especially when I'm just going to rack up more debt at another school for my professional program.
Ivy schools offer the best financial aid around, so that would be unlikely to begin with.
But if the fact that you went to an ivy netted you significantly more than $100k over your lifetime, would it not be worth it?
No, it really wouldn't be worth it because I could get just as much money over my life by going to a smaller school and not having to pay for a name.
I think what tiger is trying to say is it's cheaper to go to a state school vs an ivy school for a bachelors degree. When you go to get your masters or doctorate, it doesn't matter where the credits from underneath come from as long as you learned
What is required for your program.
Are you saying getting a degree from an ivy won't make you more money than getting a degree from some state school? Because that's simply not true.
Yeah, actually, I am. I don't need a bachelors degree in biology from Harvard to get into med school. And, once I graduate, my future salary will be more based off of what specialty I choose and where I choose to work than where my degree is from.
Depends on your career path. For finance and business, it's the connections. For science and technology, it's the education.
Again....it all goes back to connections. The investment will pay off if you can get in.
I tend to think, as the article suggested, that maybe it isn't the school as much as where they came from, who their parents are, and his well they learned to schmooze as a kid.
Not every Ivy League graduate chooses to go down the path that leads to the most money though. I could have been making double or triple my current income if I'd accepted a private sector position like most of my classmates at Columbia, but I opted
for working in the public sector instead.
Granted, I do really well, but everyone I went to school with will be far more wealthy monetarily in life than I will. Surviving Iraq made me realize that time is more important though, and while I set my
own schedule and come and go as I please, my schoolmates are being run ragged in industries such as finance or technology. I love the work I do and am blessed enough to not have the desire to be a millionaire that's never home :)
This isn't to imply that money is the metric by which to measure school (or life, for that matter). It's just the metric of the study and (by definition) quantitative.
I've noticed that many on SOH frame the value of education only in terms of money.
Your public service, at lower compensation, is MUCH appreciated. Society needs more civic appreciation.
Thank you :) I know the people whose lives i help piece together after devastating traumatic injuries certainly appreciate my efforts, and to me that's more important than all the money in the world. I learned the value of what's important as a 19
year old who should have been killed in Iraq multiple times and feel very grateful for the lessons that instilled, as the measure of each of us as human beings is ultimately what we do to improve the lives of those around us :)
Are you a transgender?
We need ivy leaguers to guide our country, like that ass Obama.
I just glanced at the link. It seems as though it admits that students who attend Ivies tend to have a bit of a "leg up" because of family educational levels, income, etc. If similarly advantaged (or disadvantaged) students are compared, would the
difference be that great?
Yeah, I tried to cover that in one Of the other polls.
What we're really talking about here are "gap kids". Students who are competitive for Ivy admission, but whose parents have enough income/resources to make them ineligible for need based aid. Ivies don't give merit aid...all kids would get it! These
kids are bright enough to qualify for substantial merit aid at State U., so the cost difference is even more significant...possibly even full ride vs. $65K/year. Of course, a lot depends on the student's desired career objectives. Connections count.
Boy, look at that gender gap!
There is no gender gap, it's a myth. Ask any Republican.