Frank the Tank
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RE: G5: Where to do the rich kids go?
(11-07-2022 10:23 AM)Kit-Cat Wrote: (11-04-2022 05:06 AM)dawgonit Wrote: Just eye-balling but I think I see a correlation between more affluent students and attending universities with higher academics/standards. Obviously there are some exceptions but unfortunately I think it reflects on our education system as a whole.
How do you explain Illinois at 73/27 when Creighton is 88/12? Creighton is nowhere near the academic level of University of Illinois.
Obviously some of the top schools are trying to design their freshman classes to keep their doors open to lower income students.
Its good information though because some students regardless of their academic performance don't want to be at a rich kid country club type of university. Obviously affluent in Alabama isn't the same as affluent in California but the stuck up attitude might be the same.
Illinois has introduced a new program over the past few years where almost any in-state student admitted at an income level that would qualify for a Pell Grant would receive all tuition and fees paid for. So, I think that has had a material effect on raising that figure. Granted, my anecdotal feeling is that there is a large dichotomy on campus - the distribution of income likely looks more like a barbell curve (a critical mass of lower income students, not that many middle income students, and then a larger mass of higher income students) than a bell curve (where there are fewer people in the top and bottom ends but a larger number in the middle). That's likely even more acute at elite private universities (where the need-based aid to lower income students is extremely generous while also having half or more of their classes being from families that can afford full-pay $80,000 per year cost of attendance).
The New York Times database that I linked earlier has good data for a lot of universities, but I believe it's aggregating data for the whole University of Illinois System (so including Illinois, UIC and UI-Springfield) as opposed to splitting them out by campus.
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11-08-2022 09:59 AM |
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Kit-Cat
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RE: G5: Where to do the rich kids go?
(11-08-2022 09:59 AM)Frank the Tank Wrote: (11-07-2022 10:23 AM)Kit-Cat Wrote: (11-04-2022 05:06 AM)dawgonit Wrote: Just eye-balling but I think I see a correlation between more affluent students and attending universities with higher academics/standards. Obviously there are some exceptions but unfortunately I think it reflects on our education system as a whole.
How do you explain Illinois at 73/27 when Creighton is 88/12? Creighton is nowhere near the academic level of University of Illinois.
Obviously some of the top schools are trying to design their freshman classes to keep their doors open to lower income students.
Its good information though because some students regardless of their academic performance don't want to be at a rich kid country club type of university. Obviously affluent in Alabama isn't the same as affluent in California but the stuck up attitude might be the same.
Illinois has introduced a new program over the past few years where almost any in-state student admitted at an income level that would qualify for a Pell Grant would receive all tuition and fees paid for. So, I think that has had a material effect on raising that figure. Granted, my anecdotal feeling is that there is a large dichotomy on campus - the distribution of income likely looks more like a barbell curve (a critical mass of lower income students, not that many middle income students, and then a larger mass of higher income students) than a bell curve (where there are fewer people in the top and bottom ends but a larger number in the middle). That's likely even more acute at elite private universities (where the need-based aid to lower income students is extremely generous while also having half or more of their classes being from families that can afford full-pay $80,000 per year cost of attendance).
The New York Times database that I linked earlier has good data for a lot of universities, but I believe it's aggregating data for the whole University of Illinois System (so including Illinois, UIC and UI-Springfield) as opposed to splitting them out by campus.
With the assortative mating factor and the automation of all the "in between" sales jobs either a family is making 100k+ or they are poverty line. There are not many jobs for middle aged people that pay sub professional wages but above retail, say 50k or 60k.
Assortative mating a generation or two ago was about meeting someone at college than the wife became a stay at home mom eventually or returned to the workforce to bring in a secondary income of 30k-50k. The model now as you as were saying is more peer 2 peer professional assortative mating where they meet after schooling is complete. That pumps the combined income up to 200k+ pretty quick by age 35 or so.
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11-08-2022 10:16 AM |
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RE: G5: Where to do the rich kids go?
(11-08-2022 09:59 AM)Frank the Tank Wrote: (11-07-2022 10:23 AM)Kit-Cat Wrote: (11-04-2022 05:06 AM)dawgonit Wrote: Just eye-balling but I think I see a correlation between more affluent students and attending universities with higher academics/standards. Obviously there are some exceptions but unfortunately I think it reflects on our education system as a whole.
How do you explain Illinois at 73/27 when Creighton is 88/12? Creighton is nowhere near the academic level of University of Illinois.
Obviously some of the top schools are trying to design their freshman classes to keep their doors open to lower income students.
Its good information though because some students regardless of their academic performance don't want to be at a rich kid country club type of university. Obviously affluent in Alabama isn't the same as affluent in California but the stuck up attitude might be the same.
Illinois has introduced a new program over the past few years where almost any in-state student admitted at an income level that would qualify for a Pell Grant would receive all tuition and fees paid for. So, I think that has had a material effect on raising that figure. Granted, my anecdotal feeling is that there is a large dichotomy on campus - the distribution of income likely looks more like a barbell curve (a critical mass of lower income students, not that many middle income students, and then a larger mass of higher income students) than a bell curve (where there are fewer people in the top and bottom ends but a larger number in the middle). That's likely even more acute at elite private universities (where the need-based aid to lower income students is extremely generous while also having half or more of their classes being from families that can afford full-pay $80,000 per year cost of attendance).
The New York Times database that I linked earlier has good data for a lot of universities, but I believe it's aggregating data for the whole University of Illinois System (so including Illinois, UIC and UI-Springfield) as opposed to splitting them out by campus.
Not good for those students' perspectives on what the real world looks like.
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11-08-2022 10:39 AM |
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