Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Stanford University data glitch exposes truth about scholarships

sfchronicle.com

Post reply on HN
Print view View original

181–187 of 187 posts

Re: Stanford University data glitch exposes truth about scholarships

#181

Post by lotsofpulp »

ringaroundthetx wrote: post #179
lotsofpulp wrote: post #95

Earlier quoted context omitted.

Then those young US friends were idiots. I only know people who use credit cards to get 2%+ back from their purchases, plus an interest free 20 to 45 day loan. If you're spending with a credit card more than the cash you have on hand, then you're doing it wrong. Obviously, there must be some cohort of people that pay interest, but there's no reason anyone with half a brain can't setup up autopay and earn the cash bac…

Why were his friends idiots? They could have been doing exactly what you described

I don't recall the comment I responded to saying anything about credit score, I thought they said their friends couldn't wait to get into credit cards just so they had access to more debt, which to me implied they were going to pay credit card interest rates.

I apologize though if I read it incorrectly the first time.

Re: Stanford University data glitch exposes truth about scholarships

#182

Post by holbrad »

Kinnard wrote: post #140
jknz wrote: post #13

Earlier quoted context omitted.

Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. University too, can have a diversity policy as well as a merit policy. To compete and attract the best students, University must either provide merit based scholarship, or organize with other universities to get rid of merit based scholarships everywhere (cartel!)

>Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. Those should be one policy, the diversity policy is about making sure top talent doesn't go elsewhere . . . your comment implies that people from "diverse" backgrounds are not top talent, whether that's what you meant or not.

>the diversity policy is about making sure top talent doesn't go elsewhere

From what I know that doesn't seem to be the case at all, it's about projecting a positive image of your company (The candidates skills are secondary) (Though in theory the standards should be identical)

The hiring practices should be based upon who would be the best candidate (Experience, technical skills, personality, Education)

When you simply focus on what objective skills you need as an employer, you should find "Diverse"/minority candidates in proportion to what percentage of top candidates they occupy.

This surely creates the most level playing field?

Re: Stanford University data glitch exposes truth about scholarships

#183

Post by pault »

biohax2015 wrote: post #72

> Last year, 12 percent of Stanford MBA graduates were hired by private equity firms, with a median starting salary of $177,500, the article said. Venture capital companies hired 7 percent of them, and paid a median salary $167,500 to the beginners. Wow.. I chose the wrong career track.

You're making a comparison to the top 10% of the graduating class of an ivy league college; if you did the same analysis on Stanford MSCs in CS you would probably get a similar breakdown. That doesn't mean everybody going into software engineering makes $200,000/year (I'm making the assumption that the private equity firms are hiring the top performers in this case).

Re: Stanford University data glitch exposes truth about scholarships

#184

Post by solidsnack9000 »

DenisM wrote: post #2

For the sake of an argument, there is some merit to diversity preference: if a disadvantaged candidate made as much progress agains the headwind as a regular candidate, it stands to reason they are more capable. Thoughts?

Per https://poetsandquants.com/2017/11/30/stanford-gsb-misled-st... the offers were:

* Higher for domestic students

* Higher for female students, even though female students had greater savings

This doesn't seem to be a case where they are helping people facing a headwind.

Re: Stanford University data glitch exposes truth about scholarships

#185

Post by solidsnack9000 »

bArray wrote: post #169

>But it does discriminate — often favoring female applicants, international students, and those with backgrounds in finance, says the report by Adam Allcock, a Stanford business school student from the United Kingdom who found and analyzed the data. The comments about the rich not needing aid isn't entirely true, having rich parents doesn't automatically mean the child is rich. I would want to see the report in order…

It seems that they actually did discriminate against international students, per: https://poetsandquants.com/2017/11/30/stanford-gsb-misled-st...

Re: Stanford University data glitch exposes truth about scholarships

#186

Post by FabHK »

fjsolwmv wrote: post #178
kelukelugames wrote: post #85

Earlier quoted context omitted.

I'm sure people have done studies. Who donates more money? The poor kids who struggled through life and attended Stanfurd that finallyed opened the doors for him to become rich? Or the blue blood with the silver spoon who would have made it through daddy's connections regardless of which school he went to? I feel the former has stronger gratitude for his school.

I have 3 gratitudes and 1 money. Stanford prefers people with 1 graditut and 3 moneys.

you might mean "degrees"?

Re: Stanford University data glitch exposes truth about scholarships

#187

Post by ForHackernews »

ForHackernews wrote: post #98
coldcode wrote: post #18

Having worked at a university at one point I can understand how shitty security is at virtually all universities. But Stanford claims to turn out brilliant technologists (in addition to these overpaid MBAs) yet apparently doesn't hire any.

All security is a disaster everywhere. In case you weren't paying attention, Apple (arguably the world's wealthiest company and widely lauded as a security-conscious firm) just shipped their operating system with a blank root password.

Also just today https://medium.com/matthias-gliwka/microsoft-leaks-tls-priva...
Post reply on HN