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Old 05-12-2013, 11:13 PM   #1
FadeToblack
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Harvard degree only gives you a lifetime annual return of 8%

http://www.payscale.com/college-education-value-2013


so glad i didn't go there. (SRS)
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Old 05-12-2013, 11:20 PM   #2
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Guess what genius, Harvard is free if you can get in. If they accept you, you basically pay what you can afford.
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Old 05-12-2013, 11:26 PM   #3
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Re: Harvard degree only gives you a lifetime annual return of 8%

Lol pwned

Edit: my school made it to the top 20. Yeeeeeuuh playa. Just woke up in a new bugatti.

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Old 05-12-2013, 11:29 PM   #4
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F2B making a thread about Harvard




404
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Old 05-12-2013, 11:37 PM   #5
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F2B making a thread about Harvard

404
also, getting the wrong return rate in the title
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Old 05-13-2013, 12:20 AM   #6
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The Art Institute of Pittsburgh:

2012 cost: $155,200
30 year ROI: $-228,000


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Old 05-13-2013, 12:28 AM   #7
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Say what again. Say What AGAIN! I DARE YA, I DOUBLE DARE YA MOTHAFCUKA! SAY WHAT ONE MORE GOD DAMN TIME!
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Old 05-13-2013, 03:15 AM   #8
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Harvard degree only gives you a lifetime annual return of 8%

A lot of schools charging over $200k for their degree??
Where do I sign up for this bargain? 6% annual rate of return is pimpin

Especially those first few years out - a $200k+ debt over your head will seem like nothing -
I think it's best if you can get private finance for your college education - best way to protect yourself in an over-leverage circumstance

Plus the ROI does not take inflation into account - inflation is real - and over 30 years it can be a big chunk

Plus the ROI is not taking taxes, fees and charges into account
You have to pay interest on your school debt - and you have to pay taxes - this will further reduce the ROI reported

CONCLUSION:
Harvard MIT is pimpin fo'sho
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Old 05-13-2013, 07:03 AM   #9
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You would have to be a complete moron or a serious humanitarian to lose money graduating from Harvard.

Starting average pay for Harvard Business School is probably over $100k...

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Old 05-13-2013, 07:21 AM   #10
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Love averages that don't mean anything.

Trend is relevant though, become an engineer.
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Old 05-13-2013, 07:32 AM   #11
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Love averages that don't mean anything.

Trend is relevant though, become an engineer.
Sure, being an engineer is the safe choice for hard working people. Salary is consistent, high, but not that high.
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Old 05-13-2013, 07:35 AM   #12
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F2B making a thread about Harvard




404
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Old 05-13-2013, 07:46 AM   #13
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$8% return on $200,000 is better than a 15% return on $30,000.


ITT: a bunch of people who didn't go to Harvard and it shows
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Old 05-13-2013, 07:52 AM   #14
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$8% return on $200,000 is better than a 15% return on $30,000.


ITT: a bunch of people who didn't go to Harvard and it shows
Did you even read the replies? No one is agreeing with F2B.
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Old 05-13-2013, 07:59 AM   #15
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Harvard degree only gives you a lifetime annual return of 8%

Harvard aside - cost of college is way too high -... Please see link






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Old 05-13-2013, 08:12 AM   #16
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Did you even read the replies? No one is agreeing with F2B.
Post #3



Come at me.
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Old 05-13-2013, 08:24 AM   #17
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What a bunch of crap.

There are plenty of good public and well respected schools in America.

State Schools are around $1000 ($300ish per hour) per course with 40 courses required for Bachelors over 4 years. That is only $40,000 add another 10,000 for books and misc expenses and you are at $50,000 TOTAL assuming you have NO grants or scholarships at all. Living expenses have to be paid whether you go to school or not.

Now....

According to the Bureau of Labor Statistics, not only is there a $400 per week difference in earnings between those with a high school diploma and those with a bachelor's degree, there is also a substantial difference in unemployment. As of the end of 2011, high-school only workers were unemployed at a rate of 9.4% while those with a bachelor's degree had an unemployment rate of 4.9% (4.1% as of July 2012).

So with a 4 year degree, you are twice as likely to stay employeed and will earn almost $1MM more in your lifetime at a rate of $20k more per year.

$50K investment for a $1MM return? Seems like a little better ROI than that stupid chart to me.



BTW, FTB, do you even understand what that chart says?

You are earning a positive return on your investment EVERY year the rest of your life after you get your degree from each of those colleges. Do you even understand what NET ROI is? If you graduate from Harvard, on average one will make $1,334,000 MORE than if they did not go to college. $1.334 million dollars more over only 30 years of working after paying for ALL tuition and living expenses of going to Harvard. That is $45,000 MORE per year than a high school graduate. If you graduated at 22 and retired at 70, you would have made more than $2,000,000 more during your career.

If you took HALF of the extra money ($25k per year) and got a 5% return on it, you would have $5MM in savings at retirement at 70.

You are clueless.
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Old 05-13-2013, 08:33 AM   #18
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What a bunch of crap.

There are plenty of good public and well respected schools in America.

State Schools are around $1000 ($300ish per hour) per course with 40 courses required for Bachelors over 4 years. That is only $40,000 add another 10,000 for books and misc expenses and you are at $50,000 TOTAL assuming you have NO grants or scholarships at all. Living expenses have to be paid whether you go to school or not.

Now....

According to the Bureau of Labor Statistics, not only is there a $400 per week difference in earnings between those with a high school diploma and those with a bachelor's degree, there is also a substantial difference in unemployment. As of the end of 2011, high-school only workers were unemployed at a rate of 9.4% while those with a bachelor's degree had an unemployment rate of 4.9% (4.1% as of July 2012).

So with a 4 year degree, you are twice as likely to stay employeed and will earn almost $1MM more in your lifetime at a rate of $20k more per year.

$50K investment for a $1MM return? Seems like a little better ROI than that stupid chart to me.



BTW, FTB, do you even understand what that chart says?

You are earning a positive return on your investment EVERY year the rest of your life after you get your degree from each of those colleges.
I always give credit to public state schools. Best bang for your buck without breaking the bank.

Edit: Minus living expenses school cost me ~$35,000.
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Old 05-13-2013, 08:55 AM   #19
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Originally Posted by GlockMan View Post
What a bunch of crap.

There are plenty of good public and well respected schools in America.

State Schools are around $1000 ($300ish per hour) per course with 40 courses required for Bachelors over 4 years. That is only $40,000 add another 10,000 for books and misc expenses and you are at $50,000 TOTAL assuming you have NO grants or scholarships at all. Living expenses have to be paid whether you go to school or not.

Now....

According to the Bureau of Labor Statistics, not only is there a $400 per week difference in earnings between those with a high school diploma and those with a bachelor's degree, there is also a substantial difference in unemployment. As of the end of 2011, high-school only workers were unemployed at a rate of 9.4% while those with a bachelor's degree had an unemployment rate of 4.9% (4.1% as of July 2012).

So with a 4 year degree, you are twice as likely to stay employeed and will earn almost $1MM more in your lifetime at a rate of $20k more per year.

$50K investment for a $1MM return? Seems like a little better ROI than that stupid chart to me.



BTW, FTB, do you even understand what that chart says?

You are earning a positive return on your investment EVERY year the rest of your life after you get your degree from each of those colleges. Do you even understand what NET ROI is? If you graduate from Harvard, on average one will make $1,334,000 MORE than if they did not go to college. $1.334 million dollars more over only 30 years of working after paying for ALL tuition and living expenses of going to Harvard. That is $45,000 MORE per year than a high school graduate. If you graduated at 22 and retired at 70, you would have made more than $2,000,000 more during your career.

If you took HALF of the extra money ($25k per year) and got a 5% return on it, you would have $5MM in savings at retirement at 70.

You are clueless.
I grsduated from harvard and MIT at the same damn time son.
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Old 05-13-2013, 08:57 AM   #20
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I didn't know F2B was a legitimate academic candidate who turned down an opportunity to attend Harvard. Instead he chose to attend the School of Hard Knocks in Detriot where he obtained all of the street credits needed to be successful in life.
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