Comments on: Go To Grad School, Get Rich Or Die Trying http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/ Slicing Through Money's Mysteries Fri, 10 Feb 2012 05:38:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: And The First $1,000 MBA Giveaway Winner Is……….. | Financial Samurai http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-1452 And The First $1,000 MBA Giveaway Winner Is……….. | Financial Samurai Sat, 31 Oct 2009 11:41:01 +0000 http://www.financialsamurai.com/?p=1473#comment-1452 [...] “Go To Grad School, Get Rich Or Die Trying” [...] [...] “Go To Grad School, Get Rich Or Die Trying” [...]

]]> By: Financial Samurai $1,000 Giveaway And A Chance To Make Millions Over Your Career! | Financial Samurai http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-1160 Financial Samurai $1,000 Giveaway And A Chance To Make Millions Over Your Career! | Financial Samurai Mon, 26 Oct 2009 07:30:47 +0000 http://www.financialsamurai.com/?p=1473#comment-1160 [...] think it’s pretty clear by now there are enormous monetary benefits of getting your MBA from one of the top schools.  We highlighted last week those with graduate degrees have net worth [...] [...] think it’s pretty clear by now there are enormous monetary benefits of getting your MBA from one of the top schools.  We highlighted last week those with graduate degrees have net worth [...]

]]> By: admin http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-1014 admin Thu, 22 Oct 2009 15:48:54 +0000 http://www.financialsamurai.com/?p=1473#comment-1014 Larry - That's true, there is a point where the returns really don't justify the expense, but by then, the person will be 35 years old and too late to realize they shouldn't have spent $50,000/yr to go to some no name private school! I'd be curious to know though, let's say your daughter got into Harvard undergrad, how much would be willing to pay a year in tuition? It was between Harvard for $60K a year and a no-name state school for $8k a year, which do you choose? Larry – That’s true, there is a point where the returns really don’t justify the expense, but by then, the person will be 35 years old and too late to realize they shouldn’t have spent $50,000/yr to go to some no name private school!

I’d be curious to know though, let’s say your daughter got into Harvard undergrad, how much would be willing to pay a year in tuition? It was between Harvard for $60K a year and a no-name state school for $8k a year, which do you choose?

]]> By: Larry L, New York http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-1010 Larry L, New York Thu, 22 Oct 2009 13:29:45 +0000 http://www.financialsamurai.com/?p=1473#comment-1010 <a href="#comment-998" rel="nofollow">@admin </a> But why is education demand inelastic? Is it because people value higher education a lot, or is it because the govt in the past has offered low rate loans (govt intervention)? I look at higher education as any other investment, there comes a point where the value of the education outweighs the cost. Same with if you are 100k in debt from education, yet only make 30k year after graduation. How long will it take before you pay back this debt? There comes a point you are better off with the lower paying job with no debt, than a slightly higher paying job and massive debt. With your posting's charts you assume previous performance equals future returns. :-) People will seek alternatives, either because they want to or have no other choice. @admin

But why is education demand inelastic? Is it because people value higher education a lot, or is it because the govt in the past has offered low rate loans (govt intervention)?

I look at higher education as any other investment, there comes a point where the value of the education outweighs the cost. Same with if you are 100k in debt from education, yet only make 30k year after graduation. How long will it take before you pay back this debt? There comes a point you are better off with the lower paying job with no debt, than a slightly higher paying job and massive debt. With your posting’s charts you assume previous performance equals future returns. :-)

People will seek alternatives, either because they want to or have no other choice.

]]> By: admin http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-998 admin Thu, 22 Oct 2009 05:23:03 +0000 http://www.financialsamurai.com/?p=1473#comment-998 Larry - Wow, nice chart! That's nuts! I can't imagine how much tuition will cost if your kids want to go to private school in 10-15 years! The thing is.... education demand is so inelastic, the best schools in the world can practically charge whatever they want. Unless people start thinking education isn't important, I think the bubble continues! I for one think that education is the absolute KEY to everything. FS Larry – Wow, nice chart! That’s nuts! I can’t imagine how much tuition will cost if your kids want to go to private school in 10-15 years!

The thing is…. education demand is so inelastic, the best schools in the world can practically charge whatever they want. Unless people start thinking education isn’t important, I think the bubble continues! I for one think that education is the absolute KEY to everything. FS

]]> By: Larry L, New York http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-996 Larry L, New York Thu, 22 Oct 2009 03:45:14 +0000 http://www.financialsamurai.com/?p=1473#comment-996 Found an interesting graph showing CPI-U and college Eduction inflation Rate. UGH! http://inflationdata.com/Inflation/images/charts/Education/Education_inflation_chart.htm Like housing this can't be sustainable. Found an interesting graph showing CPI-U and college Eduction inflation Rate. UGH!

http://inflationdata.com/Inflation/images/charts/Education/Education_inflation_chart.htm

Like housing this can’t be sustainable.

]]> By: admin http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-941 admin Tue, 20 Oct 2009 11:28:54 +0000 http://www.financialsamurai.com/?p=1473#comment-941 Hi Tyrone - Is it hard to get an employee visa coming from The Philippines? I have a Filipina colleague here in the US, and all she's thinking about doing is going back to Manila to work. Is it possible that the grass is greener on the other side? There must be an MBA program in The Philippines too no? Hi Tyrone – Is it hard to get an employee visa coming from The Philippines? I have a Filipina colleague here in the US, and all she’s thinking about doing is going back to Manila to work. Is it possible that the grass is greener on the other side?

There must be an MBA program in The Philippines too no?

]]> By: admin http://www.financialsamurai.com/2009/10/19/go-to-grad-school-and-get-rich-or-die-trying/comment-page-1/#comment-940 admin Tue, 20 Oct 2009 11:27:03 +0000 http://www.financialsamurai.com/?p=1473#comment-940 Hi Shakela - If you're already getting your masters in mental health counseling (COOL!) then it seems a little overkill to get your masters in business administration. I'd focus on your current masters first and see how far that takes you. After 3-4 years working, you can think the MBA. In 3 years, I think you'll be itching to start working full time anyway and see what you can do with it! The irony for me is, I never wanted to go to school again after undergrad. The last downturn forced my hand, and I needed a logical back up in my mid-to-late 20's, and getting my MBA part-time was the logical choice. If I got blown out at work, I could always enroll full time. Good luck! FS Hi Shakela – If you’re already getting your masters in mental health counseling (COOL!) then it seems a little overkill to get your masters in business administration. I’d focus on your current masters first and see how far that takes you. After 3-4 years working, you can think the MBA.

In 3 years, I think you’ll be itching to start working full time anyway and see what you can do with it! The irony for me is, I never wanted to go to school again after undergrad. The last downturn forced my hand, and I needed a logical back up in my mid-to-late 20′s, and getting my MBA part-time was the logical choice. If I got blown out at work, I could always enroll full time.

Good luck! FS

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