<p>I have a real concern with my son attending an ivy leaque school and geting the typical liberal arts degree, like econ or psych or even a science degree such as bio or chemicstry (which mean having to go to grad school)…with WalL Street crashing, what kind of jobs and $ are Yale liberal arts grad getting in 2008?</p>
<p>My main concern is my son graduating with $50K in debt and needing to pay off asap.</p>
<p>An econ degree is usually lucrative, even w/ the Wall St crash… as of psych or science degrees, I have little knowledge there</p>
<p>You don’t send your kids to Yale to do engineering or the sciences.</p>
<p>That depends on what you mean by ‘real’. If you mean making a lot of money, then absent the Wall St. route you’re probably talking about law school, business school, etc. afterwards. But if your son’s interests lie elsewhere, then a ‘real’ job may be the one that he’s passionate about and excels at. He may not be able to pay off the loans as quickly, but he’ll probably be a lot happier.</p>
<p>Read Generation Debt, written by a Yale grad.</p>
<p>thanks everyone, it’s just a real concern with parents to pay $$$ for an ivy leaque education, when the degrees seem kind of nebulous and not a clear path to a job…it seems like a yale grad counts on this resume getting to the top and also the connections.</p>
<p>I would strongly advise not choosing a school that will leave your son $50K in debt. The vast majority of my friends at Yale got advanced degrees, so I wouldn’t count on your son having a BA or BS as his terminal degree. Also, student loans do not need to be paid off “ASAP”.</p>
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<p>Sure you do. Yale has launched a $1 billion initiative aimed at expanding and improving its science and engineering programs.</p>
<p>Let me ask you something:
What about other kids that graduated from non-Ivies but went to private schools that were more expensive than Ivies? They couldn’t get a job at Wall St., b/c Ivies were occupying them. How do you think they were paying their loans?</p>
<p>sorry, meant that he would have to start making the payments asap of course.</p>
<p>“The vast majority of my friends at Yale got advanced degrees,”…but how did they afford this unless they came from wealth, becasue law, med or even MBA, can easily be > $180K …?</p>
<p>I am an engineer, there is is just something oxymornic when you hear “ivy leaque engineer”…sounds like a person who wouldn’t even want to change a tire, would get someone else to do it</p>
<p>Of course, that’s silly. Penn, Columbia, and Cornell have engineering schools, and Princeton has an excellent engineering program. (And I would suggest that Stanford illustrates pretty well that excellent engineering training can coexist with elite liberal arts education.) Yale had a venerable engineering school that it merged with the college after WWII.</p>
<p>Like Admissions Addict, most of my friends at Yale wound up getting advanced degrees and doing very, very well. (Including one suitemate who was an engineer and got an OR PhD from Berkeley. A number of people got decent entry-level management jobs coming straight out of college, although most wound up getting MBAs later. Also a number of successful authors, TV reporters/producers, journalists, and people in arts management.</p>
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<p>Oh, certainly, but it’s unusual. If one’s true passion is either engineering or the sciences, it would be more advantageous to attend a top-notch technical school instead, especially in the case of the former, eh?</p>
<p>How is Yale exactly not “top-notch” in your opinion? I must admit it’s not on the same level as MIT, Caltech, and Stanford in the sciences, but if you even quickly browse through the Graduate school rankings in the US News and World Report you’ll find that Yale does very well in the sciences there: </p>
<p>-Yale is ranked 7 in biology.
-Yale is 11 in physics.
-Yale is 7 in math.
-Yale is 15 in chemistry.</p>
<p>Almost all of Yale’s math and science programs are in the top 20, which is hardly considered weak. If so, then 99% of universities in the world would also be considered weak. And if you were an undergraduate at Yale studying a science, you’d get a lot more attention from your professors than if you had went to MIT, where practically everyone a science/math major competing for the professors’ attention.</p>
<p>Yeah, but you have to walk up Science Hill all the time and take classes in the ugly buildings. Not to mention that engineering (as opposed to pure sciences) is not quite as far up there in terms of quality.</p>
<p>To the OP though, the point of an education isn’t to train you for a vocation. People that hire Yale grads usually understand this to some extent. Don’t worry about getting a job. It will come in due time, and it will be plenty to pay off the debt with a little planning.</p>
<p>Do any Yale grads have $50K in debt anymore after the latest revision in the Yale financial aid guidelines? Yale has lavish grant aid, doesn’t it?</p>
<p>…and I am sure some of the endowment at Yale went kaput, I really wonder what the “take rate” will be for accepted applicants and if Yale will not try to back down on the aid</p>
<p>Yale isn’t invested mostly in United States common stocks.</p>