<p>I definetly agree.</p>
<p>If spending $120,000 to go to UPenn and to be a Quaker means that much to you then you should follow your dreams.</p>
<p>For me, I was perfectly happy graduating from Rutgers in 2 1/2 years due to them accepting my all my AP credit and having to pay nothing due to scholarships and grants. It was more important for me to move out of my parents home and buy my own 3 bedroom house at 23 yrs old through an FHA loan than to be burdened with studnet loans for the next ten years of my life. I am proud scarlet knight who has no regrets for my generic “state” quality education which by the way was the same school the dean of my graduate school graduated from.</p>
<p>All lot of BA’s in Econ from Penn…</p>
<p>Oh come on thinkjose1, you dont think it would be that easy to just post some stats from USnews to make me eat my words. The average amount of of debt USNEWS suggest is heavily skewed. This is from the horse’s mouth: UPENN’s actually undegradute financial aid site. </p>
<p><a href=“http://www.admissionsug.upenn.edu/paying/facts.php[/url]”>http://www.admissionsug.upenn.edu/paying/facts.php</a></p>
<p>Out of the 985 students admitted to UPenn in 2004, 406 students whose parents family income was over $90,000 received less than $18,803 in financial aid awards. Yes awards, not completey free cash! we are taking a combination of work-study, loans, and some grants(free cash). Of those considered in this bracket only 63% received aid. On the flipside, one would have to have a combined family income of less than $19,999 to receive about $36,344 in financial aid awards. With an extremely conservative budget set at $42,100 for the academic year. It would cost for the 406 highest bracket quackers $23,297per year out of pocket cash split due at the beginning of each semester on top of the loan portion of the $18,803 awards that the student will pay later. The lowest bracket quakers would have to pay $5756 out of pocket and pay the rest of the loan portion of the $36,344 in financial awards upon graduation. So the richest students would have to pay at least $93,188 upon graduation in cash including whatever they took in loans to be paid later on. While the pooerest students would have to pay $23,024 in cash with rest they took in loans to be paid later on. So where does this leave us? Well the richest students are capable of their parents paying for their entire tuition while the poorest get most of their tuition paid by grants. This leaves the 510 middle class shlubs stuck with the tab. Based on your parents EFC, UPenn will substract that from your tuition. Parents who cant pay what is expected of them are forced to take out private loans such as your good old fashion home equity loan which dont show up on a students record because most high school students clearly dont have the credit to get their own private loans. So lets say a parent must take out just $6,000 a year to cover their costs. That leaves $24,000 for 4 years x 510 students = $12,240,000 not accounted for in the USNEWS data. Therefore it is easily conceivable how one can get average student indebtness being only $19,579 when this is taken to account. The facts are the facts UPenn tuition is $30,00 while Rutgers is only $8,000 and as most students at Rutgers are from new jersey most get Tuition Aid Grants which covet a nice chunk of the expense.</p>
<p>You’re going on and on without any real evidence. Good day, sir.</p>
<p>it doesnt take a genious to figure out that in large part pen students will probably come from wealthier backgrounds as a whole.</p>
<p>If you look through the profiles of all of the I-banks on Wall Street, the Ivy League is the most well-represented of any bracket. That’s just the facts.</p>
<p>Hey I dont question that there are more ivy grads working at I bank firms but I do believe that I have constructed a valid argument over costs of becoming a wharton grad vs going to rutgers. If you truly believe that starting off with a significant debt load after just 4 years of college can be absorbed through job propsects that may be privy to only “wharton caliber” grads than go quakers all the way. For me the way that companies such as Morgan Stanley are exporting jobs oversees, I would rather be an unemployed debt free Rutgers grad than an umemployed $120,000 in debt Wharton grad. Remeber you cant declare bankruptcy on your student loans like the good all days.</p>
<p>I agree with you. I actually applied to Rutgers “The State University of New Jersery”, before any of the others. I think it was the Camden campus, but I can’t remember.</p>
<p>Sir, it is not worth going into debt $120,000 for certain people. If one were to go to Penn as a history major or teaching it would prob not be worth it. But, it sure as hell is worth it if your going for business.Plus,there are many ways around the cost. You could transfer in after 2 years,not live there,go to the night classes(1/3 daytime rate) However, if one were to go to Rutgers and do well, there would be no reason why they could not get a prestigious MBA.Either way, there are millions of ways to be successful and happy.All im saying is Ibank hire a lot of Ivy league students.</p>
<p>Rutgers is a terrible idea. Who recruits at Rutgers? Penn is so superior that I wonder why you ask the question.</p>
<p>When you go to an Ivy you realize the difference. At the top MBA schools the grads are overwhelmingly Ivy/ top school grads. If you want banking/ consulting its almost impossible to get into these areas from a place like Rutgers. Local companies will hire these grads however, just not wall street banks.</p>
<p>Off track, but pretty interesting, 4 out of 5 of America’s richest people (excluding the Walton Family, who owe their riches to their Wal-Mart founder Sam Walton) are college dropouts. I know that by going to the amazing universities they did, shows that they held immense promise, but it also shows that a hard work and dreams are what get you ahead in life.</p>
<p>Source --Forbes.com (Richest People in America 2004)</p>
<p>-Bill Gates III, 46.6 Billion Dollars, Harvard University Drop Out, Microsoft Co-founder
-Warren Buffett, 42.9 Billion Dollars, University of Nebraska Undergrad, Columbia Grad, Investor
-Paul Allen, 21 Billion, Washington State University Drop Out, Microsoft Co-founder
-Lawrence Ellision, 18.7 Billion, University of Illionois Drop Out, Oracle Software CEO
-Michael Dell, 13 Billion, University of Texas Drop Out, Founder of Dell Computers</p>
<p>I don’t know, I just like finding info like that. Don’t get my message confused though. I will be there bright and early Sept 1 to start college and I plan on finishing, lol. The Gates and Dells of the world are few and far between.</p>
<p>People continually bring up “top CEO” lists. The reason Ivy grads don’t shine here is simple, most enter professional services as opposed to direct industry placements. Consulting has been a relatively recent phenomenon (last 25 years) in terms of its relevance, so before that you saw more Ivy grads within industry. Now those grads, one of which might have been CEO, are not taking the industry jobs - hence the prevelance of CEOs from more local schools.</p>
<p>"<a href=“http://www.morganstanley.com/cgi-bi...%20Unit&order=1”>http://www.morganstanley.com/cgi-bi...%20Unit&order=1</a></p>
<p>Scroll through all 93 to get an idea who they hire and what schools they came from."</p>
<p>That list is crappy
Not a single one fron Princeton. Did i see any Northwestern undergrad in that list? dont remember</p>