It's not "us", it's politicians who service the wealthy that like to lay down those two contradictory pieces of advice ("why did you get a degree if you didn't want debt?" / "why did you not get a degree if you wanted a decent job?").
It's not "us", it's politicians who service the wealthy that like to lay down those two contradictory pieces of advice ("why did you get a degree if you didn't want debt?" / "why did you not get a degree if you wanted a decent job?").
I do think that we over-emphasize the school itself. What I mean by that, at least in my opinion, is that if it's not an Ivy and not the top school in the field that you are 150% sure you will absolutely do (and won't change majors 3x like I did), then take the reasonably priced state option.
Time has flown and I recently realized I'm 12 years out of college. My education was ~10k a year at a public school - a decent one, but not even the best one in the state. I would not be materially farther ahead in life if I'd spent 30k a year at UVA or 50k at Georgetown. And I'm not paying off undergraduate debt right now. I am paying off grad (law school) debt, but that's another story - I was a night student and by the time I graduated it didn't make sense to restart my career in law when I was pretty well along in my industry. And the mistake I made was not going to the cheaper, public state school (and I didn't attend an Ivy).
By all means, get your education, but control the costs. To an 18 year old graduating high school it might sound like a no brainer to spend 50k at the "good" private school over the state option, but the reality is, there are few circumstances where that's true. I did it the right way once, and the wrong way once, so just my two cents.
God yes. I remember an article I read earlier this year (can't remember the title or I'd link it) that followed students at Ivies and at State schools and found that (controlling for grades) it was the students' commitment to networking, extracurricular activities, volunteering, internships, etc. that made the most difference to their long-term success. I WISH SOMEONE HAD TAUGHT ME THAT! I graduated 10 years ago and oh my god I wish I had done more to network/intern/volunteer when I was in school.
Come to think of it, one recruiter at my school did offer bonuses to any student who dropped out to work for him instead of graduating. The department organizer didn't look thrilled.
I do wish that we did gap years in the US like some countries do. If my daughter grows up and decides to take a year or two between high school and college, I'd be thrilled. Shit, I'd pay for it if she found something reasonably constructive to do. I'd have been way better off had I delayed my freshman year by 1-2 years - I had a great time, but I didn't go to class much.
This will be very New England focused, since that's where I live, but if my daughter doesn't get into an Ivy, I'd really try to talk her out of Colby or Bates as a consolation prize. They're fine schools, but very expensive, and probably not a whole lot better than some of the state options like UNH, UMaine, UMass, UVM, etc. They're not 20-30k more per year better anyway.
Now, for your specific examples, provided that you are in-state, they actually are reasonable options for any degree. Texas (10k), Michigan (14k), Cal Berkeley (14k) and GT (10k), all excluding room and board. On the other hand, I'd really not want to send my kid to those schools from out of state unless she had some pretty specific plans and seemed reasonably likely to follow through. And if that were the case, we'd probably pay that first year out of state while figuring out residency to try and bring that down.
UNH is a bad example and I shouldn't have used it. It's expensive even for in-state because the state is not funding it as much as they used to. But my point was that I wouldn't spend Ivy money on Bates or Colby when going there is not clearly better than a state school as it would be with an Ivy.