Kstatefan40 wrote:Young relatively recent graduate here who has an undergrad from a small state university and a graduate degree from a top 60-ish private university.
I was an undergrad from a very very small state university and a grad from a 200ish private university.
Kstatefan40 wrote:I'm not sure that spending $250k+ on a college education is the wisest investment of either your money or your kids' money should they get loans.
I believe it's subjective. There are high finance jobs that pay $500K and there are ones that pay $250K - a year. So that investment *could* probably be recouped very fast.
Kstatefan40 wrote:There will be options cheaper than that which provide the same piece of paper and may provide a more realistic experience. I've noticed that people from my small state university compete very favorably against those coming out of private / top tier schools. Obviously, Harvard could set your kids off on a great foot.
I would go so far as to say that any school is really incidental. I've known people who were metal workers, botanists and civil engineers in an earlier life who leave me (BS+MS in Computer Science) in the dust with their skill and proficiency in information technology. And I was a good student too. So while I believe that good work ethics will get you far, think how much farther it would get you with top schools - of course its subjective.
Kstatefan40 wrote:However, you will find that the student who has drive, knows what they want to get from a college education, and uses experiences outside of the classroom to their advantage will be in a very similar position.
While, students with drive etc will eventually make it, I believe Ivy Leagues provide the initial boost. Like the personal anecdote I mentioned earlier: being from a lower ranked school, I had to search a few months to get my first gig. My wife from a better ranked state school had her pick from campus-interviews and never spent a day looking for jobs outside. We are in IT and finance and none of our peers are from Harvard or Yale (maybe our CEOs). Your experience may be different, but my question is, where are those Ivy grads? That's where I'd like my kids to go too (if I can afford it and if they are a fit for that)
Kstatefan40 wrote:Employers want to know what people have accomplished, not where they went to school.
Being someone in hiring myself, its not that straightforward. And a good school sure does make a good impression. Of course you are comparing apples and mangoes with accomplished vs Harvard. What you should be comparing is accomplished+Harvard vs accomplished+State. While I would bet that both are equally qualified/competent - one of them has a higher price tag.
I guess my belief is, if it won't break the bank, the best possible university is the worth the cost if your kids are a good fit there.