PSU #1

[psuro]

Former professor gives $1 billion to NYC medical school to pay for student tuition

A former Albert Einstein College of Medicine professor is donating $1 billion to the New York City school, the largest gift of its type ever given in the United States, to pay the tuition of all of its students, the institution said on Monday. Dr. Ruth Gottesman is making the donation from the...

www.yahoo.com

Conversely, this happened....

 

[razpsu]

Yeah. I have a freshman there now. Are there cheaper schools, sure. Are there more expensive schools? Absolutely. Some of the more expensive schools do give financial aid and then it brings the price down to approximately the same price as PSU. Quite honestly, through our experience and that of our friends, most of the cost is very similar everywhere. Unfortunately, a few on here want to lead you to believe PSU is a horrendously horrible place. I don’t get it and I’ve refrained from responding to a few out of fear of saying something I would regret. Good luck to your daughter. Regardless of what others here may tell you, she is still making a good choice.

I will have two out of three most likely going to psu. One is going to Duke this fall the other daughter choices were psu psu psu. The third wants to play in blue band some day. The first of the twins will be 3rd generation to attend and she said well you brainwashed us since we were in the stroller.
I love Penn state plain and simple. I’m proud to say it. I grew up there and my father taught there. She loves it as well and she can’t wait!

 

[LB99]

I will have two out of three most likely going to psu. One is going to Duke this fall the other daughter choices were psu psu psu. The third wants to play in blue band some day. The first of the twins will be 3rd generation to attend and she said well you brainwashed us since we were in the stroller.
I love Penn state plain and simple. I’m proud to say it. I grew up there and my father taught there. She loves it as well and she can’t wait!

I’m in the same boat. Grew up in central PA and only ever wanted to go to PSU. Met a beautiful girl there and married her. I have a great profession that I got because of my PSU education and the opportunities that followed. I owe everything to PSU. My son only wanted to go to PSU. My youngest is already saying he wants to go there. I love PSU and I won’t let the Debbie Downers ruin that.

 

[manatree]

My oldest granddaughter, who was 2nd in her class at a high school in New Jersey, and was very active (sports, debate, chorus, etc.), applied to Dear Old State and was offered no scholarship money as in -0-.

Former professor gives $1 billion to NYC medical school to pay for student tuition

A former Albert Einstein College of Medicine professor is donating $1 billion to the New York City school, the largest gift of its type ever given in the United States, to pay the tuition of all of its students, the institution said on Monday. Dr. Ruth Gottesman is making the donation from the...

www.yahoo.com

Conversely, this happened....

Other than the Schreyer's program, Penn State doesn't give much financial aid. For whatever reason, when donors give money to Penn State, it tends to go to sexier things than financial aid.

 

[psuro]

Other than the Schreyer's program, Penn State doesn't give much financial aid. For whatever reason, when donors give money to Penn State, it tends to go to sexier things than financial aid.

What is sexier than financial aid?

 

[Catch1lion]

I resemble that remark. Or should I say.
View attachment 533912
Daughter starts this fall. Ugh.

Silver Dollar pancakes will be getting Krugerrand prices. Best of Luck to them.

 

[bbrown]

Is that an average of in/out of state tuition? Or just in-state? I personally think it's insane to attend PSU; were it not for it's idyllic 'college town' setting, I'd probably never bother to go back as an alum. It's a massive investment/cost without a tangible ROI (though the 'personal' experience may be worth it) that seems more like a degree factory than a rigorous academic institution that challenges and rewards students. Penn State has a ton to offer but I have no idea how we can have the highest paid university president with the worst (or near) reputation in our academic peer group (other B1G Schools) - unless academics aren't a priority.

And frankly the town is losing or has lost that “idyllic charm”.

 

[laKavosiey-st lion]

Over 40k outta state for PSU.

I’m using son1 and 2 data points

 

[GrimReaper]

Other than the Schreyer's program, Penn State doesn't give much financial aid. For whatever reason, when donors give money to Penn State, it tends to go to sexier things than financial aid.

Over the years, PSU has had a poor reputation when it comes to financial aid. Why? Probably a bunch of factors that can be summarized into one: it's simply not a priority (the reverse side of the coin is lack of effort to keep tuition affordable). Where donors choose to direct their money is one. To keep things in perspective, Einstein enrolls about 1,000 students

 

[doctornick]

Yeah. I have a freshman there now. Are there cheaper schools, sure. Are there more expensive schools? Absolutely. Some of the more expensive schools do give financial aid and then it brings the price down to approximately the same price as PSU. Quite honestly, through our experience and that of our friends, most of the cost is very similar everywhere. Unfortunately, a few on here want to lead you to believe PSU is a horrendously horrible place. I don’t get it and I’ve refrained from responding to a few out of fear of saying something I would regret. Good luck to your daughter. Regardless of what others here may tell you, she is still making a good choice.

Correct. I think a lot of things are getting conflated and I always find this board very odd in how extreme the condemnation of PSU is (often times for things that are pretty much endemic to the college community at large).

When it comes to cost for PSU, my experience in recent years is that PSU is expensive compared to other states as an "in state flagship". Now, that's always been the case for decades - something PSU has blamed on the "state related" status - but has gotten more exacerbated as tuition has risen more extremely over the years. There's certainly an argument that PSU is a much poorer value for an in state student than the options for other students in other states (same is true for Pitt really, which is the other comparable school in PA and just as costly in state). The problem is that it doesn't matter to a Pennsylvania resident - sure, PSU might not be the "value" of Ohio State or wherever, but that PA resident can't go to Ohio State for in state rates and PSU (or Pitt) will still be a better value than at in state rates than out of state rates elsewhere. I mean, if you think PSU at $19K isn't worth it, are you better off going somewhere else for $35-40K?

In terms of out of state tuition rates, PSU is roughly in the same ballpark as other schools. When I have looked, it's pretty consistently been mid $30K to low $40K for out of state students at most large "flagship" public schools. That's where you can make the argument of "is PSU as good as other schools for a similar price" and, yes, the generally reduction of rankings for PSU makes that questionable. So I wouldn't blame anyone out of state for going elsewhere that they think is a better value for the price (especially if other schools are more apt to provide scholarships or grants to reduce the sticker price to significantly less than PSU). Realistically, though, for most students your best bet in terms of value is to just go to whatever your state's public school is since it would often be many thousands cheaper than any out of state public school.

 

[ApexLion]

Travel around PA and interact with people. Then look at the cost of attending PSU. It's not inequitable or costly or any other administrative term we can apply.

It's Insanity.

 

[ApexLion]

Yeah. I have a freshman there now. Are there cheaper schools, sure. Are there more expensive schools? Absolutely. Some of the more expensive schools do give financial aid and then it brings the price down to approximately the same price as PSU. Quite honestly, through our experience and that of our friends, most of the cost is very similar everywhere. Unfortunately, a few on here want to lead you to believe PSU is a horrendously horrible place. I don’t get it and I’ve refrained from responding to a few out of fear of saying something I would regret. Good luck to your daughter. Regardless of what others here may tell you, she is still making a good choice.

I have friends like you. I laugh at them and shake my head. Even if you can afford any school (fortunately I can for all four of our kids), the cost of PSU is way beyond better schools. I don't toss my money away.

 

[GrimReaper]

Correct. I think a lot of things are getting conflated and I always find this board very odd in how extreme the condemnation of PSU is (often times for things that are pretty much endemic to the college community at large).

When it comes to cost for PSU, my experience in recent years is that PSU is expensive compared to other states as an "in state flagship". Now, that's always been the case for decades - something PSU has blamed on the "state related" status - but has gotten more exacerbated as tuition has risen more extremely over the years. There's certainly an argument that PSU is a much poorer value for an in state student than the options for other students in other states (same is true for Pitt really, which is the other comparable school in PA and just as costly in state). The problem is that it doesn't matter to a Pennsylvania resident - sure, PSU might not be the "value" of Ohio State or wherever, but that PA resident can't go to Ohio State for in state rates and PSU (or Pitt) will still be a better value than at in state rates than out of state rates elsewhere. I mean, if you think PSU at $19K isn't worth it, are you better off going somewhere else for $35-40K?

In terms of out of state tuition rates, PSU is roughly in the same ballpark as other schools. When I have looked, it's pretty consistently been mid $30K to low $40K for out of state students at most large "flagship" public schools. That's where you can make the argument of "is PSU as good as other schools for a similar price" and, yes, the generally reduction of rankings for PSU makes that questionable. So I wouldn't blame anyone out of state for going elsewhere that they think is a better value for the price (especially if other schools are more apt to provide scholarships or grants to reduce the sticker price to significantly less than PSU). Realistically, though, for most students your best bet in terms of value is to just go to whatever your state's public school is since it would often be many thousands cheaper than any out of state public school.

Well, you're conflating average cost, which applies to a large population and, perhaps, no one in particular with individual net cost of attendance, one of the bases on which college choices are made.

 

[fairgambit]

Yeah. I have a freshman there now. Are there cheaper schools, sure. Are there more expensive schools? Absolutely. Some of the more expensive schools do give financial aid and then it brings the price down to approximately the same price as PSU. Quite honestly, through our experience and that of our friends, most of the cost is very similar everywhere. Unfortunately, a few on here want to lead you to believe PSU is a horrendously horrible place. I don’t get it and I’ve refrained from responding to a few out of fear of saying something I would regret. Good luck to your daughter. Regardless of what others here may tell you, she is still making a good choice.

There are some here, myself included, that do not believe Penn State is a "horrendously horrible place", but do believe it is regressing and could be much better. Poor leadership has been a problem. It remains to be seen if Neeli Bendapudi can reverse the drift toward mediocrity, but she cannot do it alone and the Board of Trustees is, for the most part, a lackluster assemblage. Some here will accept Penn State's backward slide and move on. I will not. I have given of my time and treasure through the years in efforts to make Penn State better, but I can only do so much. Quite frankly, with so many willing to accept the status quo, I am not optimistic.

 

[razpsu]

Other than the Schreyer's program, Penn State doesn't give much financial aid. For whatever reason, when donors give money to Penn State, it tends to go to sexier things than financial aid.

We find out this Friday if she gets into shreyers. Good news her twin has a full ride to Duke. Thank goodness cause that place is ridiculously expensive

 

[laKavosiey-st lion]

There are some here, myself included, that do not believe Penn State is a "horrendously horrible place", but do believe it is regressing and could be much better. Poor leadership has been a problem. It remains to be seen if Neeli Bendapudi can reverse the drift toward mediocrity, but she cannot do it alone and the Board of Trustees is, for the most part, a lackluster assemblage. Some here will accept Penn State's backward slide and move on. I will not. I have given of my time and treasure through the years in efforts to make Penn State better, but I can only do so much.

Yo, it’s the academic equivalent of 9-3. I hear you counselor

 

[bbrown]

There are some here, myself included, that do not believe Penn State is a "horrendously horrible place", but do believe it is regressing and could be much better. Poor leadership has been a problem. It remains to be seen if Neeli Bendapudi can reverse the drift toward mediocrity, but she cannot do it alone and the Board of Trustees is, for the most part, a lackluster assemblage. Some here will accept Penn State's backward slide and move on. I will not. I have given of my time and treasure through the years in efforts to make Penn State better, but I can only do so much.

+1000.
And let me add that many of them are only in if for themselves, either a resume padder like, Adam T or just in it to get rich like Dambly.

 

[laKavosiey-st lion]

We find out this Friday if she gets into shreyers. Good news her twin has a full ride to Duke. Thank goodness cause that place is ridiculously expensive

son 1 did schreyers and he’s killing it out in the world. He did 3 summer internships, a fall internship and had multiple offers at his senior year career fair. He’s been in LA since he was 22yo and just earned a free masters from USC. IMO, SCHREYERS should not be lumped in with the other PSU offers, it is world class. 2 should have done it too but he’s also killing it so no harm no foul.
good luck to your kid.

 

[Catch1lion]

I have friends like you. I laugh at them and shake my head. Even if you can afford any school (fortunately I can for all four of our kids), the cost of PSU is way beyond better schools. I don't toss my money away.

Well, you can have dual enrollment in HS and essentially begin as a 2nd year student with that and AP courses. If your fortunate and get money in Schreyer and search for merit-based funding it becomes more palatable financially. This funding is difficult but not impossible. #1 has earned two B.S. degrees in engineering in 3 years, and then a engineering PhD in 4 years. At age 24, #1 has two offers for associate professor in hand already and is still interviewing. #2 earned a Goldwater, was in the Blue Band for 4 years, was a graduate in Chem Eng, and Biochemistry Molecular Biology. #2 is in an Ivy MD/PhD program and doing the PhD portion in a Nobel Laureate's lab. There are plenty of PSU parents that did not throw their money away and are happy their kids attended Penn State.

 

[GrimReaper]

son 1 did schreyers and he’s killing it out in the world. He did 3 summer internships, a fall internship and had multiple offers at his senior year career fair. He’s been in LA since he was 22yo and just earned a free masters from USC. IMO, SCHREYERS should not be lumped in with the other PSU offers, it is world class. 2 should have done it too but he’s also killing it so no harm no foul.
good luck to your kid.

We know someone who had the opportunity to attend Schreyer, but chose Princeton instead. Reasons: a) it was Princeton, and b) it was cheaper.

 

[LB99]

Travel around PA and interact with people. Then look at the cost of attending PSU. It's not inequitable or costly or any other administrative term we can apply.

It's Insanity.

If you travel around PA, outside of a few of the more wealthy suburbs, any college education is a hardship for the residents. It’s been like that for decades.

 

[LB99]

I have friends like you. I laugh at them and shake my head. Even if you can afford any school (fortunately I can for all four of our kids), the cost of PSU is way beyond better schools. I don't toss my money away.

That’s cute. I’m so glad it makes you feel better about yourself by putting down others for where their kids go to college. Ironically, it’s where you went or support.

 

[manatree]

We find out this Friday if she gets into shreyers. Good news her twin has a full ride to Duke. Thank goodness cause that place is ridiculously expensive

Good luck. Is that still half tuition?

 

[manatree]

We know someone who had the opportunity to attend Schreyer, but chose Princeton instead. Reasons: a) it was Princeton, and b) it was cheaper.

Princeton is typically free if your family's combined income is under $65,000/yr. If it's under $150,000/yr you only have to pay room & board. . A huge, unfettered endowment makes that possible.

 

[LB99]

We know someone who had the opportunity to attend Schreyer, but chose Princeton instead. Reasons: a) it was Princeton, and b) it was cheaper.

From what I have heard from colleagues, the Ivies have huge endowments, so yes, if you can get accepted, it is cheaper. This isn’t new.

 

[laKavosiey-st lion]

Well, you can have dual enrollment in HS and essentially begin as a 2nd year student with that and AP courses. If your fortunate and get money in Schreyer and search for merit-based funding it becomes more palatable financially. This funding is difficult but not impossible. #1 has earned two B.S. degrees in engineering in 3 years, and then a engineering PhD in 4 years. At age 24, #1 has two offers for associate professor in hand already and is still interviewing. #2 earned a Goldwater, was in the Blue Band for 4 years, was a graduation day speaker for Chem Eng, and a student marshal for Biochemistry Molecular Biology. #2 is in an Ivy MD/PhD program and doing the PhD portion in a Nobel Laureates lab. There are plenty of PSU parents that did not throw their money away and are happy their kids attended Penn State.

I’d like to also say that my 1 n 2 can beat up catches 1 n 2.

 

[laKavosiey-st lion]

We know someone who had the opportunity to attend Schreyer, but chose Princeton instead. Reasons: a) it was Princeton, and b) it was cheaper.

My kids grew up near P, a lovely town, great vinyl record store and class of 52 lax fun. 1 interviewed for PENN but wasn’t interested in Princeton.

 

[doctornick]

I have friends like you. I laugh at them and shake my head. Even if you can afford any school (fortunately I can for all four of our kids), the cost of PSU is way beyond better schools. I don't toss my money away.

Are you talking about for a PA resident? I'm legitimately curious as to what the other schools are that are significant cheaper than PSU that are way better.

If you are talking about out of state, sure. Plenty of schools that are a better value than PSU at out of state rates.

 

[GrimReaper]

Princeton is typically free if your family's combined income is under $65,000/yr. If it's under $150,000/yr you only have to pay room & board. . A huge, unfettered endowment makes that possible.

Dated numbers. Students attend free if family income is less than $100k.

This particular case also goes back close to 20 years ago when the most generous Ivies weren't quite as generous.

Same individual also qualified for a free ride at Rutgers. Must have been their endowment that allowed that.

 

[razpsu]

Are you talking about for a PA resident? I'm legitimately curious as to what the other schools are that are significant cheaper than PSU that are way better.

If you are talking about out of state, sure. Plenty of schools that are a better value than PSU at out of state rates.

Absolutely. apex lives in nc I believe. Definitely reasonable to stay in state. Also Carolina’s are combined in many schools and free rides are available at many of them for kids who do well.

 

[laKavosiey-st lion]

UNC in state may be the best value in the country

 

[Midnighter]

UNC in state may be the best value in the country

Better than Cal, UCLA, and UVA?

 

[GrimReaper]

Better than Cal, UCLA, and UVA?

It's less, considerably less that UVa. Value? Pretty much subjective.

 

[Midnighter]

It's less, considerably less that UVa. Value? Pretty much subjective.

Quick search shows near equal applicants accepted (slightly more at UVA) with similar academic profiles (UVA slightly better than UNC) but better salaries after 10 years for UVA grads (likely because they flock to DC) noting slightly more debt. UNC less than $8k a year for in-state students and they cap out of state students at 18% - do many other high profile schools do this? Impressive.

 

[laKavosiey-st lion]

Getting into UNC is no joke

 

[laKavosiey-st lion]

It's less, considerably less that UVa. Value? Pretty much subjective.

Wut?

https://www.usnews.com/best-colleges/unc-2974

 

[LB99]

Getting into UNC is no joke

Unless you play basketball and take the fake classes. I’m sure the basketball team wasn’t the only ones taking the fake classes either. Other sports most likely were taking them also.

 

[Midnighter]

Wut?

https://www.usnews.com/best-colleges/unc-2974

Think Art is referring to tuition cost between them (UNC being much less). The 'value' is that UVA produces higher earners for a very reasonable in-state tuition rate.

 

[razpsu]

Think Art is referring to tuition cost between them (UNC being much less). The 'value' is that UVA produces higher earners for a very reasonable in-state tuition rate.

Wait. Lakovsiey is Art? Well I didn’t know.

 

[razpsu]

My twins just turned 18 now. Wow my babies are adults.