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.
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.
Right on, I would do the same for mine. You sound like a good parent.