Best College for a Rich Student?

College Search & Selection
81

<p>"When I think rich I think old money wealth...in that case they'd take the MIT/Chicago because it's not about "having a good time" it's about performing at a high level throughout your life."</p>

<p>You couldn't be more wrong.<br>
First, why would you assume that rich = old money wealth? You're not aware that there's plenty of new money wealth? </p>

<p>Second, "old money" aren't sending their kids to MIT and Caltech because "old money" don't need their kids to become engineers to be assured of a comfortable standard of living. That's what Mummy's trust fund is for. I don't think you have any experience with old money or true blueblood preps. They have a lifestyle which is often focused on ease, the sporting life, sociability and good times (where do you think the term gentleman's C came from?), often with the stereotype of lots of drinking. They don't have anything to prove to anyone and they don't need to grade-grub.</p>

82

<p>LaxAttack, Wikipedia is always fun and sometimes informative. In this cae, it is a little vague as to what consistitutes Ivy League. It only mentions Ivy League universities and you already interpreted Ivy League to also include private universities. It can as easily mean top universities, public or private. But again, it is a very loose look at the educational path chosen by the wealthy.</p>

83

<p>You can't say Jesus Christ on CC? I doubt that... :rolleyes:</p>

<p>Economic</a> Diversity of Colleges</p>

<p>^^ There's economic data for schools. </p>

<p>Harvard:</p>

<p>55% of students did not apply for aid (wonder why)
45% of students did apply for out</p>

<p>Out of the 45% who did:</p>

<p>5% made a family income that was less than $30,000
8% made a family income that was $30,000-$60,000
31% made a family income that was greater than 60%</p>

<p>Try looking up other schools, you'll find that ivy league usually has less people applying for FA or making over 60k. </p>

<p>
[quote]
LaxAttack, Wikipedia is always fun and sometimes informative. In this cae, it is a little vague as to what consistitutes Ivy League. It only mentions Ivy League universities and you already interpreted Ivy League to also include private universities. It can as easily mean top universities, public or private. But again, it is a very loose look at the educational path chosen by the wealthy.

[/quote]
</p>

<p>No, ivy league means ivy league schools...it can't easily mean top universities or top publics. You do know what the ivy league is don't you? Wiki it.</p>

<p>
[quote]
Second, "old money" aren't sending their kids to MIT and Caltech because "old money" don't need their kids to become engineers to be assured of a comfortable standard of living.

[/quote]
</p>

<p>You have to be kidding? Bush, Kennedy, Roosevelt, and Daley families all don't send their kids to colleges right? Yes, very wise statement you made there....they just sit back/relax. Are you for real? They send their kids to the best schools. The "old money families don't send their kids to top schools because they already have a good standard of living" lines is one of the best I've heard here on CC.</p>

84

<p>"You do know what the ivy league is don't you?"</p>

<p>Yes, I know the Ivy League. I actually attended one of them.</p>

85

<p>It shows :rolleyes:</p>

<p>Care to add anything else to the discussion or were the facts too much for you to handle?</p>

<p>"Harvard President Larry Summers noted in his 2004 commencement speech that only 10 percent of students at the nation's most selective colleges come from families in the entire bottom half of income distribution. "</p>

86

<p>You have not yet shown any fact(s) that supports your point of view. Neither have I. I am actually trying to find comparative statistics, but it is not easy.</p>

87

<p>Did you even look at the website? State schools have a significant % apply for financial aid (unlike HYP) and of those that do apply they have higher % of students who fall under the $60,000/yr category (unlike HYP).</p>

<p>Students at HYP come from, on average, wealthier families than those at state schools. In other news, the sky is blue and the pope is religious.</p>

88

<p>Berkeley: Economic</a> Diversity of Colleges</p>

<p>UCLA: Economic</a> Diversity of Colleges</p>

<p>Michigan: Economic</a> Diversity of Colleges</p>

<p>Compared to</p>

<p>Yale: Economic</a> Diversity of Colleges</p>

<p>Columbia: Economic</a> Diversity of Colleges</p>

<p>I posted Harvard earlier....</p>

<p>This, and the fact that the top prep schools tend to send kids to top ivies/privates instead of state schools, would lead any sane person to believe that wealthier students go to ivies over state schools.</p>

89

<p>Care to provide the links? Back in 2004, 55% of Michigan students and 60% of UVa students came from households with family incomes over $100,000. That's almost 4 years ago. Those percentages are sure to have gone up.</p>

90

<p>How can you say that and at the same time not give me links? I'm backing up my info, you're just saying things. Either provide links or nobody is going to believe you.</p>

<p>And the links are in my post, what don't you see?</p>

<p>EDIT: I found your links for you....it was based on a STUDENT SURVEY during orientation. Real scientific. Your info assumed 1) students know how much their parents make and 2) they wouldn't lie about it. For someone who attended an ivy league school you seem very gullible.</p>

<p>
[quote]
We do not have any comprehensive measure of the family income of our students. However, our incoming first-year students participate in a survey during summer orientation, and among the many questions they are asked to estimate their family income. According to the most recent survey of freshmen in 2004, about 14% reported family incomes below $50,000. About 31% reported family incomes between $50,000 and $100,000, and about 55% reported family incomes greater than $100,000. It is important to recognize that these are student estimates, and may not reflect their actual family income.

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91

<p>Those links are more telling. Still, all it really says is that more people with incomes over $60,000 applied for aid at the University of Michigan than at Columbia or Yale. But overall, all three of those universities have similar percentages of students from families with sub $30,000 (8% at Michigan and Columbia, and 5% at Yale) and $30,000-$60,000 family incomes (8% at Yale and Columbia, 13% at Michigan). As for family incomes under $60,000, at Michigan, it is 21%, at Columbia it is $16% and at Yale it is 13%. The breakdown of students coming from families with incomes over $60,000 is not given and that is what I am looking for. The fact that 75% to 80% of the students at Michigan, Columbia and Yale come from families with incomes over $60,000 says that they are all relatively wealthy student bodies.</p>

92

<p>
[quote]
Those links are more telling. Still, all it really says is that more people with incomes over $60,000 applied for aid at the University of Michigan than at Columbia or Yale. But overall, all three of those universities have similar percentages of students from families with sub $30,000 and $30,000-$60,000 family incomes. At Michigan, it is 21%, at Columbia it is $16% and at Yale it is 13%. The breakdown of students coming from families with incomes over $60,000 is not given and that is what I am looking for. The fact that 75% to 80% of the students at Michigan, Columbia and Yale come from families with incomes over $60,000 says that they are all relatively wealthy student bodies.

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<p>It also shows that 60% of students apply for financial aid at Michigan (because they qualify/need help). How many at Yale/Columbia? 42 and 37%. That's a big difference of peope who need aid. The majority of people at Yale/Columbia can afford college w/o applying for aid, what's that say? </p>

<p>Admit it, the facts pretty much agree with my theory that schools like HYP attract a wealthier student body. They have similar % of students from 30-60k families? That's awesome, except we're not having a discussion about those students, we're having a discussion about rich students, the ones who don't need FA.</p>

93

<p>
[quote]
The breakdown of students coming from families with incomes over $60,000 is not given and that is what I am looking for.

[/quote]
</p>

<p>A family making $65,000/yr is not wealthy. And don't gimme that "but compared to the rest of the world it is." It isn't, ok? Wealthy isn't making $65,000/yr. I would hope that we could both agree on that.</p>

94

<p>are u really trying to argue that state schools have richer kids than top private schools? why don't u just take a look in the parking lot at a top 20 private school, that should speak for itself.</p>

95

<p>Even when I present facts it seems he/she cannot accept that they are wrong.</p>

96

<p>No Lax, you have not proven your point. You have proven that more families apply for aid, not that more families require aid.</p>

<p>Longhorn, I am arguing that some of the elite publics have wealthy student bodies. I am not saying that all public schools have wealthy students.</p>

97

<p>"You have to be kidding? Bush, Kennedy, Roosevelt, and Daley families all don't send their kids to colleges right? Yes, very wise statement you made there....they just sit back/relax. Are you for real? They send their kids to the best schools. The "old money families don't send their kids to top schools because they already have a good standard of living" lines is one of the best I've heard here on CC."</p>

<p>Why didn't GWBush send both his daughters to Ivy Leagues? Why did the one go to UTexas?</p>

<p>Hint: It doesn't matter, for people at that level. They don't need to have access to a social network from college. They already HAVE that network in place. That's why it's OLD money, not new, not trying-to-break-in.</p>

<p>Another hint: The Daley family is a powerful political family in Chicago, but that doesn't make them a preppy old money family.</p>

<p>My guess is that you're simply too young to know the meaning of the word preppy, and you've confused preppy with elite prep schools. They are related, but there's a whole preppy lifestyle and culture, and being a gunner at MIT isn't consistent with it.</p>

98

<p>
[quote]
Why didn't GWBush send both his daughters to Ivy Leagues? Why did the one go to UTexas?</p>

<p>Hint: It doesn't matter, for people at that level. They don't need to have access to a social network from college. They already HAVE that network in place. That's why it's OLD money, not new, not trying-to-break-in.</p>

<p>Another hint: The Daley family is a powerful political family in Chicago, but that doesn't make them a preppy old money family.</p>

<p>My guess is that you're simply too young to know the meaning of the word preppy, and you've confused preppy with elite prep schools. They are related, but there's a whole preppy lifestyle and culture, and being a gunner at MIT isn't consistent with it.

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<p>OMG! One Bush daughter didn't go to an ivy league so, therefore, all old money people don't go to ivy leagues! Great logic! A true A+ :). What else can we conclude...hmmm...well I have this friend who got into Michigan Law, I guess that means me and all of my friends will get into Michigan law?</p>

<p>It's not about "breaking in" it's about being able to go to State U or Yale and end up with the same job, but Yale brings the prestige that State U doesn't and maybe you've never been to Beacon Hill or the UES but people care about prestige, regardless of if you already have it made. </p>

<p>Also I don't think I ever mentioned preppy did I? You seem unable to comprehend what I write...I talked about top prep schools (andover, exeter, st pauls), not some sort of preppy subculture. </p>

<p>The fact of the matter is that old money familys send their children to top schools (Bush's tend to go to Yale, Kennedy's to Harvard etc).</p>

<p>Your logic that because a Bush daughter went to UT old money people don't go to ivy league is laughable at best, and, to be honest, makes any subsequent comments you make look pathetic.</p>

<p>I suggest you leave Chicago and take a trip to Boston or New York. Go to Exeter on graduation weekend, talk to people from Andover, you'll hear the exact same things I'm telling you.</p>

99

<p>Pepperdine, where else?</p>

100

<p>duke has lots of preppy and rich kids</p>