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Is Going To an Elite College Worth the Cost?

Pickens writes "Jacques Steinberg writes in the NY Times that the sluggish economy and rising costs of college have only intensified questions about whether expensive, prestigious colleges make any difference. Researchers say that alumni of the most selective colleges earn, on average, 40 percent more a year than those who graduated from the least selective public universities, as calculated 10 years after they graduated from and found that 'attendance at an elite private college significantly increases the probability of attending graduate school, and more specifically graduate school at a major research university.' But other researchers say the extent to which one takes advantage of the educational offerings of an institution may be more important, in the long run, than how prominently and proudly that institution's name is being displayed on the back windows of cars in the nation's wealthiest enclaves."

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  1. Re:This was also my experience at Georgia Tech. by Anonymous Coward · · Score: 0, Troll

    At Georgia Tech, the core classes of Calculus, Physics, Chemistry, and some others were taught in auditoriums with over 200 people in them. There was no opportunity to ask questions during lecture - it just would not be practical or fair. Consequently lectures were about as useful as watching the MIT free course ware you can now watch online for free. You went to lecture 3 days a week, and then went to a session 2 days a week with a teacher assistant, who was a graduate student doing this as a requirement for their own course work. They might be interested in doing it, or they might not. They might speak English well, or they might not. This is where the bulk of actual teaching went on though.

    After about 2 years as a traditional student at GT, I failed out, and spent the rest of my time as a non-traditional student at 6 other colleges and universities while working and completing my degree.

    In other words you blame GT because you couldn't hack it there.

    That's why GT grads can demand more $$ in the workforce.