Check out this post by Val.

http://giftedissues.davidsongifted....cs/126424/Re_Wasted_Time.html#Post126424

You can do it yourself. The estimated cost is 23K per year for 130K income and a reasonable amount of equity after Harvard ponies up.

http://npc.fas.harvard.edu/

You can play around with the various buttons to see what they expect you do dip into.

Given that most Tier 1 State schools and quite a few smaller Liberal Arts schools give NMSF a free ride tuition-wise, the discrepancy becomes even more glaring.

And "poor" kids get pell grants (5500 per year) and other help when they go to state schools.

See here:



So again, its not an apple to apple

Best I can tell, a "poor" NMSF going to a Tier 1 state school will spend about 6K per year to attend out of pocket. That's 24K vs 23K x 4 = 92K for Harvard. That makes the state school kid 68K ahead when that is said and done. Assuming the Harvard cost was a loan, then the net present cost of the Harvard degree would really be around 140K.

Last edited by Austin; 03/30/12 10:55 AM.