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U of Chicago projected to be the first U.S. university to cost $100k per year

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Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#501

Post by drewmol »

undefined1 wrote: post #448
popularwarfare wrote: post #437

Earlier quoted context omitted.

Americais and always has been fantastic place if you're part of the upper 20% and dog shit for everyone else. We just have great propaganda.

I mean, imagine telling that to people living in poor countries. Please travel or read about the world to get some perspective. Seriously, if you were born in a country like the U.S. in modern times, you won the birth lottery.

>Seriously, if you were born in a country like the U.S. in modern times, you won the birth lottery.

Agreed. The lottery won is for starting position in a game where participation is not choosen and objective you choose determines position ranking.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#502

Post by barry-cotter »

throwaway936482 wrote: post #442
xupybd wrote: post #438

Earlier quoted context omitted.

Non American here. They seem to be the greatest country on earth. They have a big problem with the gap between the rich and the poor but have huge upward mobility. The education system is too expensive and a bit of a scam but does that cause the problems people think it does. Can you make it in the US without a degree?

Social mobility in the USA is actually much lower than in other developed countries.

Social mobility is basically invariant across societies, with a heritability of about 0.7 according to Gregory Clark’s research (A Farewell to Alms, The Son Also Rises, the upcoming For Whom the Bell Curve Tolls). The difference is explained by the number of generations covered.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#503

Post by mytailorisrich »

_bxg1 wrote: post #304
mytailorisrich wrote: post #294

Earlier quoted context omitted.

The "real median household income" in the US is $76k [1]. This means that $10k a year for university is far from being unreasonable considering that a family has 18+ years to save for it if they decide to do so. That's $185 a month (3% of income), ignoring inflation and interest rates, to get $40k in the bank on the day your child turns 18. It is therefore not a question of affordability but a question of priority fo…

Seeing as 40% of Americans can't cover a $400 emergency, I highly doubt the average American family has a surplus $185 each month just sitting around.

The majority of those people don't have that money because of their spending habits, not because they cannot afford it.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#504

Post by angry_octet »

eindiran wrote: post #147
WhompingWindows wrote: post #77

UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…

I'm a graduate of Uchicago (from shortly after you), and to offer a different perspective, I'm still paying off my loans (and will be for another 6 years), but I'm incredibly glad I went. I thought the undergraduate experience was perfect, and about half of my friends from around the world are people I met while I was there. I did get much worse marks that I had ever gotten before, but the University being very diffi…

So how does having more realistic grades (i.e. not everyone gets B or above) feel when it comes to graduate admissions?

I went to the university with the hardest admissions score for EE, some of the brightest people I've met, graded on a curve, and yet for graduate admissions I'm competing with people who took much easier classes and ALL have much better marks. The GPA system is just insane really.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#505

Post by angry_octet »

paulddraper wrote: post #408
DuskStar wrote: post #311

Earlier quoted context omitted.

If I had to complain about things, it would be these: 1. Lack of workplace training - very few employers will pay for you to train/gain experience, partly because there's nothing preventing someone from jumping ship for better pay once the training is complete 2. Credentialism - the things that actually matter in hiring are either difficult or illegal to test for (conscientiousness, knowledge, intelligence), and so d…

> very few employers will pay for you to train/gain experience Yes and no. Most HVAC shops will pay for technician's training. Most dev shops pay for technical conferences. Most managers have access to management seminars and training. Expecting an employers to pay tens of thousands of dollars seems weird, but many employers do pay on a smaller scale for skills training. > degrees are used as proxies instead Though c…

The degree you get certainly matters for graduate admissions though. For example, at both MacGill and U of Montreal they don't take any account of industry experience when you are applying for grad school. And they assume grade inflation, so unless you scored A average you can give up.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#506

Post by awestroke »

undefined1 wrote: post #448
popularwarfare wrote: post #437

Earlier quoted context omitted.

Americais and always has been fantastic place if you're part of the upper 20% and dog shit for everyone else. We just have great propaganda.

I mean, imagine telling that to people living in poor countries. Please travel or read about the world to get some perspective. Seriously, if you were born in a country like the U.S. in modern times, you won the birth lottery.

Nah. Winning the lottery is being born in a country with free health care and education. Being born in the US is OK at best.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#507

Post by angry_octet »

vonmoltke wrote: post #251
onlyrealcuzzo wrote: post #181

Earlier quoted context omitted.

The other 10% is still $156Bn... That's more than the GDP of Hungary. It's still worth considering.

That 10% is also dischargeable in bankruptcy. Only the loans made by the US Government are non-dischargeable.

I feel the need to remind people that going bankrupt is the worst thing you can do to yourself financially. It will set up back a long way in very basic things.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#509

Post by Gibbon1 »

angry_octet wrote: post #504
eindiran wrote: post #147

Earlier quoted context omitted.

I'm a graduate of Uchicago (from shortly after you), and to offer a different perspective, I'm still paying off my loans (and will be for another 6 years), but I'm incredibly glad I went. I thought the undergraduate experience was perfect, and about half of my friends from around the world are people I met while I was there. I did get much worse marks that I had ever gotten before, but the University being very diffi…

So how does having more realistic grades (i.e. not everyone gets B or above) feel when it comes to graduate admissions? I went to the university with the hardest admissions score for EE, some of the brightest people I've met, graded on a curve, and yet for graduate admissions I'm competing with people who took much easier classes and ALL have much better marks. The GPA system is just insane really.

I don't know what's happened in the last 25 years since I last went. But my college started testing the snot out of incoming freshmen. Basically they didn't trust the students GPA or the classes they took in high school to tell whether they were ready for college level classes.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#510

Post by agent008t »

DominikPeters wrote: post #396
agent008t wrote: post #40

How can these universities be so expensive, if you can instead go to a just-as-good university in the UK for a fraction of the cost, even as a foreign student? Why does anyone agree to pay such fees?

Oxford (UK) tuition for overseas students is $35-45k/year (and people generally pay sticker price), so not radically cheaper, though you get the B.A. in 3 years not 4. Other EU countries are much cheaper, but with a language barrier (except maybe NL).

Room and board + all living expenses is around extra $20k/year. And you get B.A. in 3 / Masters in 4 years. And there are no 'legacy admissions'.

Still not clear how, if the US had a 'free market' for education, places like U of Chicago are able to compete with such steep prices.

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