6. Everyone knows too many people attending universities don’t consider the financial burden, but NO ONE thinks about the time. Four years is a LONG time, but it doesn’t enter into peoples’ thinking generally when deciding if they should get a degree
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17. People rely mainly on their parents for advice on what to do about education, and that has to be among the worst places to go for educational advice
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18. Economically we vastly undervalue education. A $10k swing in income when you’re 20 yrs old is actually worth $400k+ over your lifetime, but we’re (rightfully) skeptical of the returns
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19. We really have no way to measure how much universities help because there’s so much selection bias involved. E.g. what if you took all the people that got accepted to Stanford or Harvard and had them all go to the same community college? Or different schools? We don’t know.
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20. People who have never made upper middle class jobs are unused to working for people that want them to succeed
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21. Lack of access to a computer almost kept some of our best students from being able to attend. Those aren’t expensive.
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22. Bank accounts are surprisingly hard to get if you don’t have much money
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23. One of the biggest limiting factor in many Americans getting an education is geography. They don’t live near a college/university and making that move would be tremendously expensive relative to their incomes
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That’s all for now. Thanks for playing!
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End of conversation
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17. Accreditation is a ticket for Title IV funding (grants, fed subsidized student loans), and because of that adds a $10m+ premium to any school that is for sale. There are companies that get and sell accreditation and that’s all they do
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Hi there is your unroll: https://threadreaderapp.com/thread/972352548559470592.html … You can share this as much as you want. See you soon.
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Killer thread. Thanks!
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What % of boot camps you think count like that and do you think it would be better in SF boot camps ?
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