An old Newsweek article on the 25 “new Ivies”. A lot of these schools I didn’t know before. I am vaguely aware of Olin and Rensselaer but apparently they are pretty good engineering schools? Did not know.
https://web.archive.org/web/20110714175956/http://www.newsweek.com/2006/08/20/25-new-ivies.html
That’s what I did during great financial crisis. Took out a student loan to buy stocks and changed my 401k contributions to 100% at Whole Foods even though I only made $10/hr.
… I think I was too young to realize how crazy that time was… lucky it worked out
Take out student loan and put it into a margin account. Infinite leverage!
I heard good things about Olin but not so much on RPI. RPI seems to struggle financially in recent years (they even do need-aware admission due to this reason) and has bad reputation on quelling free speech.
I didn’t know much about RPI until last night when I read up a little on their Wikipedia page. They seem to have overextended themselves a little bit in expansion. The administration wants the school to be an elite research school. Don’t know anything more beyond that.
Mean you got to retire early? Wondering why you don’t startup a business?
How come is all colleges want to do? Churn out researchers? Instead of building stuffs for society. So damn hard to mobilize resources?
You have not really told why should someone spent $80 k per year on these expensive schools. If you take an Accounting class in DeAnza, they will teach you something like this.
Profit = Revenue - Cost
Do they teach something else in these Elites institutes?
One who can bring 1/2 million salary ( some of my friends do as a package, they work for fun, they can retire any day) is already part of the elite. I know a family who spend $10000 just on a business class ticket and hotel for their daughter to travel to Africa to be part of some study group. They do not need to buy elitism by paying 80K per year. Though it will not matter to them if they buy a membership to some elite club, like Columbia University, that way. .
connoisseur: one who enjoys with discrimination and appreciation of subtleties
Seemed to me like Jane and Manch are suggesting something else.
Do you have to draw from HELOC and borrow money at expensive rates to appreciate subtleties?
Thought you are talking about coffee and boba tea.
Do you have to draw from HELOC to get a cup of coffee or tea?
You need to?
Btw, I drink Starbucks coffee and boba tea weekly, sometimes more often.
I guess it is just personal decision. I don’t have any good reasoning behind my decision and don’t suggest that private colleges are better choices than public or community colleges.
I worked over 20 years in Tech industry and saved college tuition for my kids because i want pay the tuition for any school they want to study at. If i couldn’t save enough, then i would have encouraged my kid to apply UCs only. I personally don’t like the idea of getting loan for spending (i think tuition is spending than investing.).
However, my kid receives merit scholarship hence it helps as well.
Anyway, she applied for CS and got admitted. Hopefully, it pays back in the long run to some degree.
Critics say the SAT and ACT are heavily influenced by race, income and parental education levels; question the exams’ value in predicting college success; and express concern about inequitable access to test prep.
What are wrong with those influencers so long it predicts college success? The truth is…
In what its own researchers called surprising findings, the Academic Senate’s review found that the SAT helps disadvantaged students gain entry to the selective UC system.
Quality of graduates from UCs has been dropping, now I know why. IMHO, more than 50% shouldn’t be admitted.
By fall 2025, the UC system is aiming to have its own assessment.
Wouldn’t UCs have sharp budget cut after CA’s endless unemployment payments during pandemic?
Why do they want to spend unnecessary money when they foresee sharp, painful budget cut?
I am seriously thinking of discouraging my kid from applying UCs. UC application itself is tons of work with early deadline. Most of private schools just go with Common App. Now, UC applicants need to take UC_test on top of SAT/ACT.
This will definitely discourage out-of-state/international applicants. Then, where would UCs get revenue from? By accepting unqualified OOS/international applicants?
UCs don’t seem to understand the real crisis (sharp drop in their revenue) they are facing now.