You're dead wrong, and that is a horrible example. Harvard has the largest endowment of any school, $40bn, and it's more than 30% larger than the 2nd largest (Yale at $30bn). No one is paying $7,500 to go anywhere but a community college you boob.
I graduated from university a decade ago, paid half out of pocket, got the other half on scholarship. Cost of the school, without room & board, was about $88k at the time, so about $100k after paying for rent and food and a little bit of entertainment money.
Most of my classmates (who did not study engineering, law, or medicine) are still paying. And working as servers at restaurants or walking dogs - not even kidding. The ones doing a little better might teach yoga or do personal training or day care They did not need to drop 6 figures on a degree to do those things.
I worked all through HS and college. Studied engineering, am damn good at it, made $330k last year. College was a great deal for me, and would have been even at $250k. It was not a good deal for my peers who now walk dogs and serve up french fries.
It's not a good deal if you make fucking $52k dude.
Second, congratulations on your success and making $330k last year. I'm guessing that you didn't start at $330,000. Nor do I believe that your results are typical for an engineer ten years out of university. Our new employees don't make $52,000 a decade after initial employment either. They do much better too.
Also, I know I make a lot, and I am extremely grateful for it and proud of having earned it.
But you gotta understand, it's not that crazy in a highly skilled field. Entry level salary in the bay for a software engineer is $138k - not including stock options. Lots of 22 year old kids make $175k+, and their education did not cost more than an english degree. This is a 4 year bachelors from any fucking state school.
For kids who aren't top tier intellectually, attending college is not a good use of their money.
I agree. I have one kid who blew off college entirely. Eight years later he makes $250-300k per year as a the general sales manager of a large dealership. My other one is in a medical field after 5 years in school and $175,000 of my money. It remains to be seen whether it was worth it but she is happy and happier still that I paid for 95% of it. In her field- a bachelors and masters degree are required. So it's the price of admission.
You're dead wrong, and that is a horrible example. Harvard has the largest endowment of any school, $40bn, and it's more than 30% larger than the 2nd largest (Yale at $30bn). No one is paying $7,500 to go anywhere but a community college you boob.
I graduated from university a decade ago, paid half out of pocket, got the other half on scholarship. Cost of the school, without room & board, was about $88k at the time, so about $100k after paying for rent and food and a little bit of entertainment money.
Most of my classmates (who did not study engineering, law, or medicine) are still paying. And working as servers at restaurants or walking dogs - not even kidding. The ones doing a little better might teach yoga or do personal training or day care They did not need to drop 6 figures on a degree to do those things.
I worked all through HS and college. Studied engineering, am damn good at it, made $330k last year. College was a great deal for me, and would have been even at $250k. It was not a good deal for my peers who now walk dogs and serve up french fries.
It's not a good deal if you make fucking $52k dude.
First off, you are wrong about Harvard's cost of attendance:
https://nonprofitquarterly.org/harvard-initiative-to-attract-low-income-students-includes-free-tuition/
Second, congratulations on your success and making $330k last year. I'm guessing that you didn't start at $330,000. Nor do I believe that your results are typical for an engineer ten years out of university. Our new employees don't make $52,000 a decade after initial employment either. They do much better too.
Also, I know I make a lot, and I am extremely grateful for it and proud of having earned it.
But you gotta understand, it's not that crazy in a highly skilled field. Entry level salary in the bay for a software engineer is $138k - not including stock options. Lots of 22 year old kids make $175k+, and their education did not cost more than an english degree. This is a 4 year bachelors from any fucking state school.
For kids who aren't top tier intellectually, attending college is not a good use of their money.
I agree. I have one kid who blew off college entirely. Eight years later he makes $250-300k per year as a the general sales manager of a large dealership. My other one is in a medical field after 5 years in school and $175,000 of my money. It remains to be seen whether it was worth it but she is happy and happier still that I paid for 95% of it. In her field- a bachelors and masters degree are required. So it's the price of admission.