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UM cost of attendance...

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Ispyin said:
Im not reading all that **** but the idea that just because, as an example, a history major didn’t “use their degree” means college degrees are therefore a waste is one of the dumbest inferred things I’ve ever read here. I get your overall point but **** like that diminishes any viable parts of what you are saying. A good broad education is more than issuing your “major”.
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if you get the whole point but you cherrypick one sentence where I referenced an article to refute a point specifically about that fact, then what are you even doing?

the stat on unused degrees isn't the MAIN point of what I'm talking about here (it's a part of it) - it was in response to his message
 
swat1 said:
They only offered my daughter $2500. And, I'm by no means well off financially to afford the balance. My 529 plan only would have paid 2yrs at UM, at 2021 tuition rates. She'll get her MBA from UCF in August and already has a job offer at another premier ACC school, so that state school degree(s) paid off just fine.
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Congrats! My son is also at UCF, a senior Math major. He came in 2023 with a scholarship, 100% Bright Futures, Florida Prepaid, and the State of Florida STEM refund, which covers 150% of all his Math classes at the 3000 and 4000 levels. He gets paid to go to school!:)
 
Hold My Beer said:
Is there a College Football program with a wider disparity between its typical student and its typical fan than the University of Miami? Even a large number of "subway alumni" are Catholic and thus gravitate toward Notre Dame

Georgetown basketball in John Thompson's heyday might be the most similar to UM's situation
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As a student at GTown in the early Patrick Ewing years, you are correct. I think it was really a wide gap later on., particularly during the Iverson period... Michael Graham and a few others
 
Here is what you do as a parent. Send your kid to a community college (do they still exist) and make them pay their own way. If they make it in life , great ! Everyone is happy .

But plan B goes like this. You invest that $97,774 every year for 4 years and if you make a measly 5% in the market you give your kid a million bucks at age 36

If you do a little better and can pull 6% out of the market then the kid gets his million at age 33

7% and he gets his million at 31.

8% and they get at 29
9% at age 28
And if you get 10% then they get their million at 27.

If your super conservative and put the money in treasuries /bonds they still get their million at about 41 or 42.

Sounds like a deal to me.
 
canewill said:
Congrats! My son is also at UCF, a senior Math major. He came in 2023 with a scholarship, 100% Bright Futures, Florida Prepaid, and the State of Florida STEM refund, which covers 150% of all his Math classes at the 3000 and 4000 levels. He gets paid to go to school!:)
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Her apartment at UCF is only 80min from my driveway so that makes it nice. She didn't want to go to UF despite her mother and 2 aunts being alums. I raised her right to hate the gaytor :p:p:p:p
 
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Crazy idea, but at some point, colleges/universities are going to have to reconsider the "one-size-fits-all" tuition approach they charge undergrads.

I want to double down on this: It makes little to no sense to attend an elite / expensive school if you won't be earning big bucks.

The math needs to math.
 
Grew up in Kendall loving the U, this is why I went to UCF. I was a “good” student and not an exemplary gonna cure cancer one, there was no scholarship money coming my way. UM is ridiculously expensive.
 
As a current student here coming from a public school, everyone at the high school was going UF or FSU no matter what. Probably about 4 went to Miami only because we got ridiculous amount of scholarship money or parents work here = no tuition cost. Everyone that wanted to go to miami but didn’t get the money went fiu
 
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Novacane32000 said:
Here is what you do as a parent. Send your kid to a community college (do they still exist) and make them pay their own way. If they make it in life , great ! Everyone is happy .

But plan B goes like this. You invest that $97,774 every year for 4 years and if you make a measly 5% in the market you give your kid a million bucks at age 36

If you do a little better and can pull 6% out of the market then the kid gets his million at age 33

7% and he gets his million at 31.

8% and they get at 29
9% at age 28
And if you get 10% then they get their million at 27.

If your super conservative and put the money in treasuries /bonds they still get their million at about 41 or 42.

Sounds like a deal to me.
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God I’d love to know what % of parents who’s kids go to Community Colleges have the means to save 98k/yr. I have a feeling you are incredibly out of touch with the world that shows a small portion of the country have a $1000 in their savings acct for a minor emergency.
 
RBradleigh said:
God I’d love to know what % of parents who’s kids go to Community Colleges have the means to save 98k/yr. I have a feeling you are incredibly out of touch with the world that shows a small portion of the country have a $1000 in their savings acct for a minor emergency.
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🎯

I've seen some stats showing 77% of Americans would be facing financial difficulty if their paychecks were delayed just 1 week / so north of 3/4 of America is living paycheck to paycheck
 
The school part comes down to ignorance in my opinion and by that I mean on the family of the student, the teachers / guidance counselors that are literally coaching these kids to go to any school and to take on the debt because "it'll be worth it" (I was literally told by my guidance counselor to go to a college that was more expensive because the student debt was worth it - luckily didn't follow the advice and went to a public university) .

the more people realize that IF the student wants to get a specialized degree then the answer is

1) community college for the first 2 years to save money, chase an associates degree (maybe all they need?), chase a certification (maybe all they need?)
2) if they need a full four year, they can transfer to an affordable local 4 year public university and finish that way which saves a ton


my first child will be born next month and I'm going to ensure he has money saved from the second he's born added monthly into a 529 / my personal brokerage to where no matter which one he chooses he'll have options.

I'll also ensure he doesn't feel pressure to go to college just because it's the thing to do and will let him know that society (teachers, friends, guidance counselors, finance morons on tiktok) that say "student loan debt is good debt" are idiots and he'll be set starting his adult life without shackles around his feet
 
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