I wanted to chime in something here: I went to school at a state school "down the street" from CMU in Computer Engineering. It was "what my family could afford" since my father was between jobs.
Myself and a CMU grad might have the same degree (B.S. in ECE)but our starting salaries are vastly different. I started out around 40K (w/no bennies) whereas CMU students would probably start closer to 55-60K + bennies.
Was this because CMU was also #1 in the world in ECE at the time? Yes, of course. But the point I'm getting at is private school's higher prices often imply that you will receive a better starting offer. Assuming our job markets are equally flexible, it could be 5 years before someone like myself "catches up".
Kids like the one from the NYTimes article have been raised to work smarter, not harder. Why spend 5 years paying your dues when name recognition or knowing someone will get you to same place without brow sweat?
It's not necessarily a college's fault. They're catering to wealthy entitled people and trying to take as much as they dishonestly can. Likewise, entitled children don't really understand a world that isn't catering to them.
Myself and a CMU grad might have the same degree (B.S. in ECE)but our starting salaries are vastly different. I started out around 40K (w/no bennies) whereas CMU students would probably start closer to 55-60K + bennies.
Was this because CMU was also #1 in the world in ECE at the time? Yes, of course. But the point I'm getting at is private school's higher prices often imply that you will receive a better starting offer. Assuming our job markets are equally flexible, it could be 5 years before someone like myself "catches up".
Kids like the one from the NYTimes article have been raised to work smarter, not harder. Why spend 5 years paying your dues when name recognition or knowing someone will get you to same place without brow sweat?
It's not necessarily a college's fault. They're catering to wealthy entitled people and trying to take as much as they dishonestly can. Likewise, entitled children don't really understand a world that isn't catering to them.