<p>If they had to work more, then obviously they were worrying about bills. Don’t get hung up on those numbers, it’s just an example. My point was that a lack of money is detrimental, while an excess of it isn’t necessarily beneficial. </p>
<p>And obviously kids go into certain fields to make money. Who actually enjoys working 80hour weeks as an investment banker? A good portion of doctors say they’re in it for the money.</p>
<p>Yes, go to the best school you can get into / afford in your chosen interest, whether that be science, liberal arts, medicine, or even business. But do it because you enjoy the work, not because it brings in a big paycheck.</p>
<p>I know that the numbers are just an example. I just wanted to tell you that someone who is living comfortably and able to pay the bills today can be someone in dire financial straits tomorrow. The more buffer you have between that boundary of being able to live comfortably, the better.</p>
<p>^median HH income in the US for families of 4 is around 60k. For college grads who were smart enough to get into a top 100 college I would assume the avereage income is higher and closer to 80k if not 100k (if both adults are working full time jobs).</p>
<p>so it seems like they do. especially if you use elite to describe not just the ivies+stanford and MIT, but all the other highly selective schools. i was honestly surprised to find tufts anywhere remotely near the top of the list</p>
<p>^That data doesn’t mean much, imo. You REALLY have to take into account the fact that these top schools get the top students, who were likely to be succesful anyways before they went to said university. Which makes sense. These people are bright and hardworking, among other things. That doesn’t really change depending on what college one attends. There has been evidence that shows that highly qualified students (ivy material) that decided to attend a public uni make as much as their counterparts that went to these top schools. This indicates that a school really doesn’t determine its students’ earning power, the students themselves do.</p>
<p>As I’ve noted before, pay is not the only way to measure the “success” of graduates of elite schools. What about those that go into academia or the arts? They may be very successful in the context of those careers even if they don’t earn a lot of money.</p>
<p>People will assume that you’re very bright if you went to a prestigious college or U. Whether your father bought you a space or you were a ranked athlete that got you in, whatever, after school people hear the name and make an assumption. There’s no explaining, "Well, I could have gotten into HYP but decided not to " etc…You say the prestigious place’s name, and that’s it. It’s not a bellweather of how you’ll do in life, in your company, whatever but assumptions do matter. Take it from one who didn’t go to one but married someone (and was raised by someone) who did. Is it fair? Of course not but its true.</p>
<p>Sure they can. Toni Morrison is a recently retired Professor at Princeton, and she surely made more than $200k a year. </p>
<p>Now, to be fair, she wasn’t a Professor of English specifically, rather, her official title was Professor of the Humanities - the Robert Goheen Chair in the Humanities. But the point is, if she can do that, others can too.</p>
<p>I’m willing to bet $100,000,000 that student01’s future wife will have dated a dozen white guys and at least one African American before settling on him due to parental pressure.</p>