Drewski

Fair enough. Thanks for clearing your point up for me.

The only reason I view "a bubble" is:

We are seeing it now, but the costs of say a Harvard Education (Ill est. 40K/yr *4 = 160K) is in many cases leading to work for kids making significantly less do to the job market, or out right not finding a job. That is a horrible rate of return (sorta like buying a house at 370K that is only worth 290K).

To compare, my tuition (again just tuition) at UMass Amherst ran somewhere in the ballpark of 2K a year. With that being my investment, the pressure, and economic reality to find a "really high paying job" right away is less.

My first job out of college paid mid 30s, but with 2K*4 = 8K in debt, that was fine, because my investment was closer in proportion to my return.

If I was making mid 30s, but had 160K+ in student loan debt....good luck with that.

Beyond all of this...are the tax-free endowments, but that is another can of worms

Again, just discussing the view, not trying to vouch that Cuban is right or anything.

PatriotsReign

The price of college tuition is in fact a bubble. Bubbles are defined by rapidly inflated prices due to perceived value. At this moment, the price of a 4 year college education is far above what it's worth for the average person.

When there is no control over loans and basically 90% of applicants get approved, a bubble results.

__________________
"No one walking this earth knows what is truly righteous"

IllegalContact

ooops....you blinked....I think harvard is 53K now

I don't know of any harvard grad having a hard time of making a go of life....I don't think th eivy league is a good example which is why none of my kids will ever go there......

what I have figured out is that a strong student (and I'm not talking top 10 in a public school here....basically an honors student with 80% A's to 20% B's) can likely get in-state tuition at most any out of state public college. it is an equation that most private schools can't follow.

Northeastern got exactly 4K of my money back in 1979.....on my 2nd coop as an EE, my boss needed someone to work a 2nd shift, so I went, got extra $$ for shift differential, became a full time employee, and then the company picked up the rest of the tab when I went back to school.....of course, there went my social life for then next 3 years

the gist is really no different now than it was back then......but there is an added twist that benefits caucasians......they are becoming more and more of a minority at the tops of graduating classes. which actually helps quite a bit with schools seeking diversity. I think its going to help my #3 get $$ at berkeley....cal poly has already stepped up and pretty much summed it up as diversity being a factor. works for me

don't know how old your kids are or if you even have any, but I've been on this mission from day 1....pretty simple principle.....'do your best at what's expected from you, and you'll get what you want.....and oh yeah, the books come first'

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.

IllegalContact

this sentiment is not very accurate

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.

Drewski

Hahaha.

It was just an example, you could [insert any over priced college] in lieu of it.

The diversity angle is an interesting one. It sorta worked in my favor, but not financially. Went I went on a tour of UMass I met one of the Admissions people who struck up a convo with me, just the general topics. She asked if I was instate or out, which I said both. I had grown up a Third Culture Kid (which she loved and wanted me as that was "diverse"), and at the same time my parents had kept their home in MA so that I we would get instate rates if I went to college here.

Ha, no kids for me yet...in fact if you ask around here, some might say Im still one .

But your point is correct. School is a kids job, and to get ahead, you have to do well. My sister has always been the grade getter of my family. I have more "natural" intelligence, but didnt care enough to get straight A's. My social life in HS was far more important to me. If I could party from Friday night through Saturday and still get a B, then that was good enough for me. My sister on the other hand isnt as naturally book smart as I am/was, thus had to work her butt off. She partied like a legend at UMass, but pulled down a 3.8. Beat me by almost a full letter.

IllegalContact

ooops....you blinked again....now its almost 55K


this is an interesting point which begs a question......what do you think is a better deal, harvard for 55K or curry college for 46K? get my point?

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.

Drewski

If you believe in the idea that the name on the diploma is worth something, then out of those two, Harvard.

However all things being equal, the better value is C, other.

IllegalContact

like what? in state publics in the 20's, out of state high 30's, privates 45-55K

and I understand that in the end it is just a piece of paper and it does not change the person, but I would spend 220K at harvard before I would spend 180K at curry....nothing against curry, but c'mon

but all things said, I'm with C all the way....trying to get all 4 educated for less than 200K

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.

Drewski

I agree with your point Harvard v Curry....that is an easy one.

I still would vote other, my state college education has done more than enough for me to date...and I didnt spend 20K a year for it (although that could be the going rate now, I graduated in '05)

IllegalContact

UMASS is 23K now...includes room and board. first one got OSU for less......haven't bothered applying for the rest.......I don't know if it is general public school policy, but they don't give anything for in-state....its almost like MIT where they will take everything you have and still use your IRA as an asset......some schools can get away with it

__________________
“ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.