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My understanding that bypassing MBA's is even more prevalent now with IB's in a talent war with PE and hedge funds.
Values, in a literal sense, simply means you assign a certain value to X (being full pay, taking a scholarship to a lower ranked school, going to community college, etc.). What I assign to X is likely quite different than anyone else because we all have different situations.
Frankly, I can tell you whatever decision my kid made and whatever college he ended up going, I will probably be able to justify his going there as the "best" decision.
So is there anyone out there who'd like to volunteer that they spent less on college and their kid didn't go to as highly ranked school as they could, not because they couldn't afford it, but because they just didn't see the value for money?