[quote=scaredyclassic]. . . since harvey mudd is 50k a year tuition, kid ahs to make 100k to get that million dolalr return over 20 years.
i think a kid is way more likely to get a better return on investment from a mere 8k investment as an engineering student at a cal state school.
obviously theres more to the equation than just ROI, but still…
point is…
ivies dont get the return on investment these schools do, on average…[/quote]
Agree with your points here, scaredy. Even if your Cal State graduate doesn’t make $100K consistently every year for the 20 years after they graduate, they’ll still graduate debt free (or with a very small debt). Even if a Cal State graduate averages just $50K year in salary for the 20 years post-graduation, they have more than an acceptable ROI on their college costs.
I’m sure there are Ivy and “elite school” graduates out there who have more than $75K of student debt who are choosing NOT to work and get it paid off. That’s a HUGE WASTE of such an expensive degree, IMO (even if they had a “benefactor” who paid all their college costs)! Barring a major injury/illness post graduation, I honestly don’t understand why a student would borrow that much for college, graduate with a bachelor degree or higher and then “choose” not to work (or choose gross under-employment just because they refuse to relocate), thereby making it impossible for them to pay off their student loans … while the interest on them continually accrues. This is a totally mind boggling concept to me … just REALLY.POOR.CHOICES.
