Princeton University is now free...

Discussion in 'General Distance Learning Discussions' started by AsianStew, Sep 11, 2022.

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  1. AsianStew

    AsianStew Moderator Staff Member

    For those who make less than $100K, you need to read the fine print. I think more Ivy League schools are going to drop their current household income from say $150K to a similar amount now once an Ivy League school starts a process such as this... Well, at least I hope others will follow, or provide some discounts for those who make less than a certain threshold.

    Link: Princeton University is now free for families making under $100,000 (msn.com)
     
    Maniac Craniac and Lerner like this.
  2. TEKMAN

    TEKMAN Semper Fi!

    Hahaha, I would never qualified for such as thing. I am not academically smart enough to get into Princeton, and I almost double that. :D
     
  3. Johann

    Johann Well-Known Member

    Hahaha all you want. It means that your KIDS won't go for free, because their Dad's a big earner. Still laughing?
     
  4. TEKMAN

    TEKMAN Semper Fi!

    I am trying to have my kids earning their Bachelor degree before graduating from school. I only support them to be in Technology, Engineering, Medical, and Business fields only. Then they are going to work and pay for their own graduate degrees.
     
  5. chrisjm18

    chrisjm18 Well-Known Member

    What about what they want? Life is more than earning potential.
     
    Rachel83az, JoshD, Dustin and 2 others like this.
  6. Johann

    Johann Well-Known Member

    Another one. Years ago, it was "all kids have to go to College, period." Now it's "All kids have to study Tech, Engineering Medical or Business." It never changes... smh.

    From: Proud dad of a high school teacher, who actually wanted to be one. (It pays well, here, too.) And proud Grandpa of an animal care technician. That's what he wanted - so that's what he learned, then went out and got. He's happy - so is everyone else. And he has a career path, as well.
     
    Last edited: Sep 12, 2022
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  7. TEKMAN

    TEKMAN Semper Fi!

    What they want is an option for them, but I won't pay for it. If they want to major in History, Sociology, or anything endings with STUDIES. Then they are on their own. I am start teaching them coding, they might addict to Software and Computer Science majors. :D. They don't have to make lot of money, as long as they are financial stable in their early 20's.
     
    Last edited: Sep 12, 2022
  8. cacoleman1983

    cacoleman1983 Well-Known Member

    None of us here on this forum will likely qualify for Princeton or the school will not meet our current needs. Most of us either are already over educated, overpaid, or are seeking an online degree. This may help if any of us have kids and in the future wanted to send them to Princeton. I don't have any kids and if I ever were to, this offer would probably be long gone before they reached college age. I really don't want kids anyway with a gross household income or individual income under $100k even while living in Arkansas which ranks near the top among the lowest cost living states.
     
    TEKMAN likes this.
  9. Dustin

    Dustin Well-Known Member

    Ideally high earners don't mind their kids paying for school (or other benefits) if it means that parents of lesser means can afford to send their kids. $100K in New York or Southern California is a lot different than $100K in Idaho.
    Making a lot of money is a prerequisite to being financially stable in your early 20s. Few kids manage that these days.
     
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  10. cacoleman1983

    cacoleman1983 Well-Known Member

    You remind me of a lady who is a YouTuber and social worker that I watch who said the same thing about only paying for STEM related fields. All three of her kids are either in the medical field or engineering. I honestly don't blame any parent for choosing not to pay for their kids education. My parents couldn't afford to send me to college because I came from a low-income household as my dad worked as a mechanic and my mom was a homemaker. Neither had any funds saved up for me to go. However, I earned scholarships and grants for all of my degrees except for the UCN PhD that I will eventually have which the cost ended up being discharged from a business credit card in bankruptcy. All of my credentials listed were all free due to the several scholarships and grants I received. In any case, I wouldn't pay for a child's education who wanted to study something that doesn't transfer directly into a job either.
     
    Last edited: Sep 12, 2022
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  11. Dustin

    Dustin Well-Known Member

    This sounds good on paper but I think what it translates to in practice is the legion of unenthusiastic STEM grads who struggle more to get employment than people who are passionate about their desired fields, whether that is Sociology or Statistics.
     
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  12. nomaduser

    nomaduser Active Member

    (as long as you can get in ... )
     
  13. cacoleman1983

    cacoleman1983 Well-Known Member

    Yeah that's true.... A person should study what they choose but no one else is obligated to pay for it. They will have to get student loans or be excellent students or athletes to get those scholarships, etc. I would encourage trades or community college for anyone that can't get grants and/or scholarships to cover school as the first option. If you don't like STEM, be prepared to do something else that transfers into a workable skill.
     
  14. Johann

    Johann Well-Known Member

    Ideally. Right. There's ideally -- and there's really. Do you know parents - of any means - who really want to, in effect, pay for other people's kids to do...anything? In the US, people don't even want to chip in to help others pay for their health care - even if it means their own will be free. At least, that's what their Government thinks.
     
    Last edited: Sep 12, 2022
  15. Johann

    Johann Well-Known Member

    The only developed nation on the face of the Earth without universal health care - and you're telling me "ideally" high earners there don't mind paying for other peoples' kids to go to expensive schools? They do. Most mind paying for ANYTHING that others get. Plenty even carp about paying too much for what THEY get.
     
  16. Johann

    Johann Well-Known Member

    Some people's kids are already HERE, Carlton. I think we're talking mainly about them - or people who DO want kids -- and of course, it's OK if someone doesn't. And if they don't - they're not likely to want to help pay for anything for other people's kids .... I think. ...are they?
     
  17. JoshD

    JoshD Well-Known Member

    My wife and I have had this discussion. Our kids are 5 (twins) and then 3. We will expose them to college as well as trade school and so long as they pursue something they are passionate about, we will foot the bill...engineering, business, sociology, basket weaving (even the underwater one).
     
  18. Dustin

    Dustin Well-Known Member

    I think those things can co-exist. The US doesn't have universal healthcare because politicians are lobbied by corporations headed by multi-millionaires and billionaires to keep it from becoming a reality. Polls support that the majority of Americans want universal healthcare and a slim majority want a public option. (https://www.pewresearch.org/fact-tank/2020/09/29/increasing-share-of-americans-favor-a-single-government-program-to-provide-health-care-coverage/) Among Republicans just 11% do not want the government involved in healthcare at all (which is to say, they don't want Medicare, Medicaid, single payer or a public option.)

    Upper income in the US means making about $150K+ a year on average. (https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system) At that level you have programmers, very successful tradespeople, physicians, lawyers, and others whose income is still dependent on their labor.

    They might live in a nicer neighborhood and drive a better car, but they're still mingling with those of us in the 5 figures. I think this group still understands the importance of taxes and their privileged position. (You and others may disagree with me!)

    I think it's when you get into higher levels of wealth that you see the disconnection we've come to recognize from the uber-rich where they try to get away with paying as little as possible. As Warren Buffet notes, he pays less (as a percentage of his income) in taxes than his secretary.
     
  19. Johann

    Johann Well-Known Member

    Then, out of the goodness of his heart, Warren should open an account in the Caymans - or Vanuatu, for his secretary - along with a nice little (untaxed) raise. Or perhaps a dummy corporation in Delaware, as a Christmas present. :)

    I like Warren - really. Have for many years. He tells it like it is. He knows how to value things - and where he doesn't, he leaves them alone. E.g. his avoiding the Nasdaq crash in 2000. Being able to value things is key. Period. No matter what. And Warren has that -- like nobody else.
     
    Last edited: Sep 12, 2022
  20. TEKMAN

    TEKMAN Semper Fi!

    They don't have to make lot of moon
    It is true, but STEM majors are more likely to be employed than History and Sociology majors. I came from a low-income family; my family did not have money for me to attend college. In fact, I was independent when I was 17 years old and struggled to work 40 hours per week while attending full-time high school. I joined the Military because I did not feel like taking a load of student loans.
    Right now, I am sacrificed a lot for my kids, raising them as a full-time single parent. My son is struggling with school because he has ADHD, and I have to homeschool both of my kids. I plan to send them back to school after finishing 8th grade. It costs me a lot to raise them to include in the opportunity costs. I am stuck with my current job because of the flexibility of working from home to take care of them. Five years ago, I had a chance to become a Bank of New York's Deputy Chief Information Security Officer (CISO); the pay was not bad but was not sustainable in Manhattan as a full-time single parent with two little kids. I expect them to live comfortably in their 20s without coming to me for money.
     

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