Re:The Secret That Colleges Should Stop Keeping
by antasvara on Sunday February 23, 2025 @11:06AM
(#43150257)
Which measure are you going off there? Because I see the "Chance a poor student has to become a rich adult" metric at 41% for UC Riverside and 58% for Harvard.
There is the "overall mobility" metric that favors UC Riverside, but the way that's being measured would seem to skew in favor of whichever college has students in lower quintiles (a top quintile kid can't move up 2 quintiles).
Re:The Secret That Colleges Should Stop Keeping
by rafram on Sunday February 23, 2025 @01:23PM
(#43151640)
Ah, you're right, I misread. But 41% vs 58% isn't a big enough difference to pay "any amount" for IMO - and the gap is much smaller with other public universities like Irvine (55%) and SUNY Binghampton (54%).
Re:The Secret That Colleges Should Stop Keeping
by lumost on Sunday February 23, 2025 @01:46PM
(#43151900)
Quintiles is a poor measure given the extremes of inequality. The Pareto distribution of income and wealth has folks in the top 10/1/.1/.01 percentiles with vastly different lifestyles compared to the other percentiles.
Re:The Secret That Colleges Should Stop Keeping
by rafram on Sunday February 23, 2025 @04:03PM
(#43153195)
Sure, but an individual income in the top 20% ($130,000) is enough to be comfortable pretty much anywhere in the US.
Re:The Secret That Colleges Should Stop Keeping
by Tadpole9181 on Sunday February 23, 2025 @02:28PM
(#43152323)
"Any amount of money" when the statistics are still a coin toss sounds like a gambling addict. That's insanely bad odds for "life savings" amounts of money...
Re:The Secret That Colleges Should Stop Keeping
by grandempire on Sunday February 23, 2025 @10:58AM
(#43150173)
Money is not the same as status, and opens different job opportunities like key government officials . I would be more interested in a survey that includes whether the participant was satisfied with their career trajectory
Is it, though? Of course people who go to Harvard et al. do well afterwards, but many of them came from wealthy families and were bound to do well no matter what. If you’re poor, Harvard [1] is less likely to make you rich than UC Riverside [2].
[1]: https://www.nytimes.com/interactive/projects/college-mobilit...
[2]: https://www.nytimes.com/interactive/projects/college-mobilit...