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April 14, 2015 at 9:27 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784729April 14, 2015 at 9:21 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784728
scaredyclassic
Participant[quote=FlyerInHi][quote=deadzone]
If it makes you feel more special, go ahead and waste your money to send your kids to Ivy league. But just admit it, the only reason is so you can brag about it (i.e. you are a d-bag).[/quote]Not only can you brag about it, but an elite education is simply better.
Do you send your kids to piano lessons to turn them into more accomplished human beings, or so you can brag at family gatherings? Maybe only a little bit of pride and bragging.
What about sports?
If bragging makes one a douchebag, then I know quite a few douchy parents.[/quote]
i feel ok bragging that my kid can easily handle differential equations; that seems substantive; but to say he easily handles differential equations at —- university, seems, well, sad.
April 14, 2015 at 9:19 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784727scaredyclassic
Participantif you brag about your kid in that way, youre kind of a douche. if you brag about yourself, you are definitely a douche.
in fact, even wearing your old ivy league sweatshirt is kind of douchy, depending on circumstances. could be ok i think at reunions, or if it is actaully 25 years old…
i liked the way jason schwartzmann wore his ratty princeton shirt on BORED TO DEATH though.
i would feel dumb buying a new tshirt from my alma mater and walking around in it.
i dont feel douchy buying random college tshirts at the goodwill and wearing them however.
it’s all in the attitude…GO ARIZONA STATE!!!
April 14, 2015 at 8:25 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784722scaredyclassic
ParticipantI remember wwen we graduated my pal thumbtacked his to the frat wall and wrote “goober award” on his. Of course he later graduated from Harvard Law and went on to much bigger and wealthier things than me.
Not sure what the moral is there…
April 14, 2015 at 8:02 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784720scaredyclassic
Participantjust recently got my diploma from college framed, 30 years out. can finally afford it.
they had a sale on frames from the college bookstore online. has a nice little mat. kinda dumb. but there it is on the wall…
April 14, 2015 at 8:01 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784719scaredyclassic
Participant[quote=joec]flu,
On your long post, I don’t take offense at all that you know plenty of ivy grads doing jack squat and it wasn’t as hard to get in. As it has been posted many times, a lot of these thoughts/questions has to do with our own experiences…Like I mentioned, I went to my UC school back in the early 90s so the Ivy’s are probably not like what it is now in terms of grads or crowded tech folks. UCs back then also had limited class choices, budget issues already and the overall money issues you see now, but not as bad yet. I think the point I was saying is the network/alumi is stronger in general (assuming that’s your personality which maybe isn’t even mine…) and TOP TOP jobs seem to have ivy alumi (presidents, etc…). I am not trying to take things away from the “average” millionaire, but again, if you want to be C-level or higher or senior management, your chances are IMO, just higher as a Stanford or Ivy grad with a solid degree and work experience. Even with good work experience, you may not get the most coveted jobs and as someone making decent money way back, this is just what I’ve noticed at least…
AN, I think our views on this topic are just way different and no one is going to convince the other since it’s based on our own life experiences.
Also, I didn’t go to an Ivy and actually never even applied. I would be a d-bag maybe if I did and bragged about it, but since I didn’t, I don’t qualify to brag if I was to do that. I actually just like to flame UCs since they aren’t as cheap and I don’t think they’re that great.
I know a person who went to Harvey Mudd. I think the industry has so few of them because those schools are just so much smaller. I read that their hiring rate is very high though from past articles I’ve seen.
AN, I also don’t have data spelling out that ivy grads make more and don’t plan to bother wasting time to search for it since we will just disagree completely anyways, but generally, there are salary surveys showing that a lot of private schools do pay more (don’t believe if you don’t…).
Here’s an article saying Stanford grads are turning down 150k starting salaries to do work they like or care about:
http://www.businessinsider.com/life-at-stanford-in-2015-2015-4In the end, just do whatever you, as parents feel is best. We all have our own opinions and will do as we all please.[/quote]
well, I know the data on aervage salaries from my ivy league school. the numbers not all that impressive, low 100k. but its just so misleading, as to whats going to realistically happen to you, because there’s some outliers with such massive numbers that they bring up the average for the reaminder of the schlubs. not sure where i saw that stat, but, it includes hedge fund guys and law partners making well oevr a million, and ordinary working drones like me…and much worse…
if i could do it all over again and get a higher gpa and major in econ and step into investment banking and work like a do g and hit it just right…
well, in that case, i wouldnt be me…that would be some other dude…
April 14, 2015 at 7:08 PM in reply to: The cost of an Ivy League undergrad degree next year…. #784717scaredyclassic
Participant[quote=flyer]I agree there is no right or wrong answer. Everyone should do whatever they want to do, and–as long as each person gets what they want in life–that’s all that matters.
As many of you have mentioned, I also believe happiness and fulfillment in life, along with strong family ties, are extremely important, and we’ve always tried to cultivate those aspects as well. In fact, the planning on the part of the grandparents on both sides of the family is what allowed all of their 20+ grandchildren to pursue whatever they chose.[/quote]
The issue of school choice is totally different for trust fund kids.
It’s not a question of what one wants to do. Hell if money’s no object go wherever…but being a responsible steward of very limited resources.
April 14, 2015 at 11:05 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784696scaredyclassic
ParticipantWell we pay for college out of pocket and still have some cash in the bank.
This is way more successful than I wouldv ed expected 20 years ago.
April 14, 2015 at 9:45 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784693scaredyclassic
Participant[quote=AN][quote=joec]As I’ve mentioned before and repeated here, when you go to some of these schools, the admissions folks already weeded out the non-achievers so you’re mostly going to school with the top future leaders and execs of the world. Yes, some joe schmo can start a business and be a millionaire or multi-millionaire from a state school, but the odds are against you.[/quote]Do you have data to back this up? All the millionaires and multi-millionaires I know all went to states school. Some don’t even have a college education. I love to see data to back up this statement. I know for sure that a couple millionaires I know wouldn’t be millionaires today if their parents didn’t have the capital to help them start their business.
BTW, I’m not disputing that if you have a few hundred grand set aside for their Ivy degree and a few hundred grand set aside for their start up or small biz, that you should withheld the Ivy education from them. Obviously, money wouldn’t be an issue at that point. However, I’m talking about deciding whether to send your kid to Ivy or help them start their small biz/start up or a more likely scenario, help them bolster their finances through out their lives since they picked a career that doesn’t have very high pay. Keep in mind that only 5% of the US household make more than $186k. We’re talking about household, not individuals. So, the probability of your kids’ household income not exceeding $186k is very high.
You might like to point to all the CEO/Presidents/etc. who went to Ivy. But you have to be realistic that the probability of your kids being one of those is <1%. The probability of your kids' household making <$186k is 95%. So, do you swing for the fences or do you plan for the more likely scenario. I never felt "limited". So I don't have any regrets or frustration about some imaginary glass ceiling. I accepted the hands I was dealt. I'm not the smartest person, not the most social person, etc. All of those characteristics make me who I am. I am my own glass ceiling. I make my decision based on what I have available. I don't blame others and my surrounding environment for my short comings. I think I'm doing pretty well financially. Probably the best that I could based on my luck and my natural talent. But what's even more important than all of the money is the fact that I met my wife at a State's school. My life would have been much worse if I went to an Ivy and didn't meet her. I wouldn't have my wonderful kids. I wouldn't be living near families and have families help take care of my kids when we need them to. My kids wouldn't get to see their grand parents every week and sometimes, multiple times a week. The grand parents wouldn't be able to take them to soccer practice and go see their soccer games. This to me is 1000x more important than being a millionaire. It makes my life 1000x more satisfying and I'm that much more happy. There's a lot more to life than money. I don't feel that my life is mediocre at all. I feel that it's very rich. Might not be $ rich but then again, I don't put $ as #1 priority. If I have to give up either my $ or every other aspect of my life that has nothing to do with $, I would give up the $ in a heart beat. I hope that my kids will learn that lesson as well. If their fate give them a lot of $, that's great, but if it doesn't, that's great too. I'll be there to help them every step of the way. As long as they're happy and we're a close family, that ultimately is what really matter.[/quote] huh. I took the day off to finish our taxes and I guess we are in the top 5 percent. Why don't we feel loaded? Feels like we get by.scaredyclassic
Participant[quote=FlyerInHi]I love the palm trees of LA in movies.[/quote]
I have about 25 palm tres. I hate thdm.
I like pepper trees.
scaredyclassic
Participant[quote=FlyerInHi]I love the palm trees of LA in movies.[/quote]
I have about 25 palm tres. I hate thdm.
I like pepper trees.
April 14, 2015 at 8:08 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784686scaredyclassic
Participant[quote=deadzone][quote=flu]One thing I never understood is, at least when it came to engineering or STEM related field, how “recruiting the best” meant giving someone the opportunity who was the best athlete while having mediocre technical abilities a spot in a STEM degree, while giving them plenty of tutors and extra help just so they can keep up with the real talent. Now, there are some cases when people are actually good at both, but plenty of cases where that isn’t the case…. Just saying…[/quote]
For an engineering degree, Ivy league holds absolutely no cache. A B+ student at U of Illinois, for example, will have better job prospects than a C student at Cornell all else being equal. If your kid is a super nerd, then everybody knows the most “prestigious” engineering school is MIT. But, for a B.S. degree looking for job in industry, I don’t think MIT gets recruited any more than the big public schools, probably less.[/quote]
what about Harvey mudd? My wife wanted to send our kid there. Might have gotten in kind of a long shot. I didn’t let him apply because because I didn’t want to pay.
April 14, 2015 at 7:31 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784685scaredyclassic
Participant[quote=flyer]Agree it all depends on what career path your kids choose. As has been mentioned–for some careers, a degree from a particular university seems to make a difference–others–not so much.
Two of our kids wanted to be MD’s, and their Ivy degrees have worked out well for them. Not only are they doing what they love–saving people’s
lives–they are helping others who want to do the same. Both of them knew what they wanted to do from very early ages, and it’s been a very interesting and challenging journey for the whole family.That’s not to say that MD’s who graduate from other schools are not doing well or making a valuable contribution to society, but I can only speak to my own kids experience.[/quote]
What if tuition had been priced as a percentage of your family’s wealth. Would it have been worth it at 50 percent? 60. 70. 90?
There’s probably a number where you say, let’s try the state school.
April 14, 2015 at 7:09 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784684scaredyclassic
Participanthttp://www.urbandictionary.com/define.php?term=koala+dad&defid=8213821
Urban dictionary definition of a koala dad.
April 14, 2015 at 7:01 AM in reply to: The cost of an Ivy League undergrad degree next year…. #784683scaredyclassic
Participanthttp://changetheequation.org/blog/confessions-koala-dad
Koala dad v. Tiger mom.
Huh. I didn’t know there was a koala dad. I guess I’m a koala dad.
The goal is to get your kids out there in one piece….not to play out our own anxieties about losing our precarious perch in society…
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