Is Vanderbilt worth $100,000 per year?
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- Is Vanderbilt University (or any American university) worth $100,000 per year for an undergraduate degree ($400,000 total)?
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My son applied to Vanderbilt last year. He did not get in. Honestly i am glad. The cost is ridiculous! He applied to others universities and he hot accepted to most of them. At the end , he decided to go to UT Austin and we are in state so cost is not bad
Best decision! UT is an excellent school he is so lucky.
Texas is the better school. Good on him!
Thank you for speaking the truth! I live in Silicon Valley and was a hiring manager for many, many years. I am also a parent of a HS Junior. Companies have career ladders, salary ranges and budgets for hiring. Trust me, at least in Bio-tech and Tech you won't get paid more because you went to a certain school. If your student can scholarships or grants then great! However, I would not advise parents or students to go into debt - particularly for BA/BS, which for some is only the beginning of their education journey. The first 2 years of study are GE classes anyway, which can be taken at your local community college.
It's 100,300 actually. I got in with full (I mean, FULL) financial aid. They also pay my airplane tickets as I'm an international student, plus around 3k for books and personal expenses, and 6k for internships, research, summer abroad, or another academic experience of my election.
If you have a good profile and decent application, studying at Vanderbilt can be free. Don't complain about the cost if your kid's profile and application are mediocre.
Yes, the other day in the news they were reporting that Williams College, Yale University, and Tufts University crossed the $90,000 per year threshold.
I'll prolly devote a lot of my retirement money to paying for my child's college education, being the good daddy that I am. Thank you.
My daughter got into Williams a few weeks ago. They made it possible for her to attend without breaking into pretax retirement accounts. Wesleyan did as well. A bunch of other comparable schools, including an ivy, did not perceive our need the way we do.
That is $556 per day during semester for four years. Just go to your state colleges, most state colleges has huge resources and networking, save your money for your first house.
And go to Community College the first two years.
But it’s one of the institutions which meets full demonstrated need with no loans. So if a top student is lower income, they essentially get a full ride. Colleges like this are for the very rich, and working class, if they have the grades and scores.
100%. As a senior eng working living and working in Silicon Valley I've been involved in a lot of tech hiring. And I can concur that and an engineering degree from Vanderbilt will not give a candidate any advantage over a candidate with a degree from any number of state schools with strong STEM reputations. Schools like UCs, Purdue, UW, UT, UIUC, and... YES - University of Colorado Boulder!
Do you think you can add UF to your list?
@@KarthikSundharesan To be clear, we don't literally maintain a list of schools. We just have a general idea of schools that offer strong STEM programs.
As far as UF goes, for whatever reason, I don't come across many alums from Florida schools here in the west coast. In fact, I can think of at least 3 Vanderbilt alums I've worked with in my career, but cannot recall a single colleague who went to UF. Perhaps their alums tend to stay in-state and don't come out to the west coast? That said, it's a big state school with a good reputation so I would assume they have decent engineering/CS programs.
Agree 100%. Here on the coasts plenty of professionals make around $350k and don’t qualify for need based aid but don’t have enough money given the cost of living, the need to save for retirement and also having multiple kids to pay anywhere close to that amount. I have friends who can pay those amounts out of pocket but as a comfortable professional, it isn’t realistic. This is why we have to stop acting like the Ivy League is better. It’s not realistic for many people - even if their kids can get in. I say this as the alum of an Ivy equivalent. It’s not worth huge debt.
Hell No! As AVC on campus I will attest the students are the least of our concerns. We keep 2 sets of books for many things, depending on who’s looking. Have a Quick Look at the campus….looks terrible. Our Chancellor, Provost are puppets to rake in cash! That’s our goal. Endowment! My kids completed their education at better institutions!
Ok yes we agree.
But most of the better private Universities cost ~60 to 64 K tuition
+ another 20+ K for roomandboard
My son got into Rochester University, NYU, Northeastern, and they did not give him any money. We do not qualify for financial aid but we are not millionaires.
So what do I do? Do I send him to SUNY Binghamton that also accepted him?
Yes. You send him to Binghamton. If you cannot afford $85K this year (and rising tuition in costs each year)without putting yourself in financial peril, then choose the option you can afford. Binghamton is a great school.
Yes
Looking at the ivy League colleges it looks like only 50 or 60% get aid. Does that mean half the students are paying the full price. Are they all wrong?
It only makes sense if you are affluent enough whereby you don't even need a job after college. For everyone else, it is a pretty obvious mistake.
Some people can afford that because they are very wealthy. I know people who have no trouble dropping $100K a year + on college - even for multiple people. But many high earners live on the coast and are professionals. So they are well off but not well off enough to be able to pay that amount without financing a significant portion. If you’re going to finance a huge amount for education it’s not worth the money. I told my kids - I’m not willing to sacrifice my financial security for college. They can get an excellent education either from a buyer private school that gives merit or from a state school.
Shocking. You are right, Craig. Not worth it even if it was an Ivy.
On the flip side, what would be your opinon on paying for something like Mines or RHIT for engineering if Alabama is offering automatic $28k per year off for OOS and Honors College? Can you do a video on that proposition?
No. Take $100,000 per year x 4 yrs = $400k. Now , invest that into SP500 (like VOO) and use the 88 multiplier (age 20). Results in $8.8M by age 65.
No. Just skip college. TH-cam Peter Schiff College
Nope. Totally overrated.