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The graduation rates (I have no data in front of me, I'll take you at your word that Chicago and CalTech are significantly below the Ivies in 4 and 6-year rates) are a bit mystifying to me. From the way I see it, as long as your parents are financially on board with paying what they're asked to pay, simply coming here and getting a degree is not that difficult. Lots of my friends and I can graduate in less than 4 years, and I can graduate in 3, with nothing more than the fact that we have some bonus credits from AP exams and we haven't switched majors...</p>
<p>Speaking of which, I'd like to know how old the graduation rate data is,
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<p>You can see for yourself here: </p>
<p>College</a> Navigator - University of Chicago</p>
<p>The data is completely up-to-date, as it comes from the entering class of 2001, which is obviously the most recent year from which you can measure a 6-year graduation rate. UChicago has a significantly lower 6-year graduation rate than even Cornell, which is clearly the worst of the Ivies when it comes to graduation. </p>
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But say that a student admitted at Chicago needed a diploma for the resume's sake. It would not be difficult for that person to find another institution on which he or she could breeze through on the route to a degree. Maybe not a fancypants degree, but a degree nonetheless.
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<p>But that's precisely the point. Sure, I can agree that those who can't make it to graduation from UChicago will probably still be able to get a degree from another school, although not (as you put it) a fancypants degree. But that's exactly what I'm talking about: given the ex-ante choice of Chicago or a"fancypants" school (i.e. an Ivy, Stanford), the rationally risk-averse choice is the latter. Let's face it. Most people are risk averse. Most people will choose a guaranteed $400k rather than a 50% chance of getting a million (but also a 50% chance of getting nothing). Which gets back to the question I posed before: why should people take chances if they don't have to? </p>
<p>Now, where I could agree with you is that there probably are some people who could get into Chicago but not into one of those other top-flight schools. Then, those people should choose Chicago because it's the best they can do. But what I'm saying is, if you have such a choice, then given risk-aversion, why would you choose Chicago? </p>
<p>Ultimately, I think the real problem is that Chicago should simply stop admitting students who won't graduate. Why admit students who aren't going to make it? You say that people should have little difficulty in graduating, but at the end of the day, for whatever reason, a full 10% of the entering class will not have graduated in 6 years. Why did Chicago admit these people? Whether they transferred out or flunked out or whatever, it probably would have been better for everybody if they had never been admitted in the first place. </p>
<p>The second recommendation is that Chicago should be doing more to help those students who are struggling to actually graduate. Personally, I think all schools should do this, but especially those like Chicago who suffer from low graduation rates (relative to their peers). Since Chicago did admit these students, Chicago should take some responsibility for helping them actually succeed by granting them degrees. Why not? Both George Bush and John Kerry have both admitted to being extremely lazy and irresponsible college students, yet Yale still allowed them to graduate and move on with their lives. Both of them got mediocre grades (with Kerry even getting 6 D's), but they still graduated. </p>
<p>But given that Chicago, for whatever reason, refuses to enact these recommendations, the risk-averse choice as a prospective student is still probably not to go to Chicago, unless you don't have a comparable choice. Sad but true. Yes, I know that's harsh, but just think about it from the perspective of that prospective student. Why should he choose Chicago if he has a safer choice with comparable/better prestige? I think you would agree that that's a difficult argument to win. </p>
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One of the things that attracted me to Chicago was the relative lack of awareness. I don't feel uncomfortable telling a crowd of people that it's where I go to school-- if they haven't heard of it, they probably don't care that much about elite colleges to begin with and won't think much of it, and if they do care about elite colleges, then they'll be aware of it. I don't need to trumpet around the fact that the SAT midrange of students at my school is so-and-so and the ACT midrange is such-and-such. Really. Spare me. I'd rather wear my "Where Fun Comes to Die" sweatshirt twenty times over than be labeled as "elitist" or "snobby" based on my "elite" school.
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<p>Yeah, but I would argue that you're getting the worst of both worlds. Sorry if that's harsh, but it's probably true. You end up with the vast majority of regular people who have never heard of UChicago and just think it's a mediocre school. You then also have those people who have heard of it and do think it's quite elitist and arrogant (i.e. "UChicago, isn't that where Barack Obama used to teach constitutional law, well, aren't you the fancypants, etc. etc.") Hence, you're getting slammed both ways. </p>
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A headhunter suggested that she play down the degrees, and play up some other things that sounded more simple, and the job offers started coming in. At her current job, she's the only Ivy degreed one around, and I think she sometimes feels like the office resents her for it when she speaks up in meetings, as if she is automatically power-hungry and overly ambitious because of her degrees.
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<p>Yeah, exactly. Sometimes you need to play down your degrees because they're too powerful. Harvard graduates, in particular, have made it quite the artform to deliberately conceal where they went to school, lest they be accused of 'dropping the H-bomb'. Hence, often times, if you went to one of these 'fancypants' schools, the best thing to do is simply not mention it at all, or to mention it only in passing: i.e. at the very end of your resume. Nobody says that you have to mention where you went to school. You can just list that you have a college degree and not say where it came from. Heck, you don't even have to list it at all.</p>
<p>But the difference is that you have the choice. Some employers, i.e. the most elite ones, absolutely love elite degrees. Others, not so much. With an elite degree, you have the choice regarding whether, where and how to utilize its prestige. With a non-elite degree, you don't have that choice.</p>