PSU #1

Nitt1300

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Who the fu@k cares?
 
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ApexLion

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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.
The PSACs, for example, are developing specific programs that are surpassing what PSU can offer at often 2-3x the rate. I've done a lot of comparisons over the last 10 years with my four kids based on their interests. We are not in-state PA. And its obvious PA is in general is more expensive for OOS tuition. Okay but to attend in-state in PA is $33k the last time I checked. That's expensive for most families. OOS is (conservatively) 52k. And PSU doesn't offer much in merit schollies. What programs at PSU warrant those in-state or OOS costs? I have two kids who beat the North Carolina in-state rate and went to schools in Ohio and NM in noted programs. I couldn't get anywhere close to PSU's numbers with or without merit when I did the analysis.

Something is wrong at PSU -- why specifically should a parent be excited about those prices? What is it my child is getting? What am I buying? A downtown experience and big-time sports?

The longer we alums pretend there isn't an issue, the longer it will take to fix.
 

ApexLion

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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.
No, the 18% is a vestige of another time but boosts the quality of the OOS candidates. UNC only has 16k undergrads. Compare that to B10 schools who are often 2x, 3x and 4x larger in enrollment.
 

laKavosiey-st lion

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Something is wrong at PSU -- why specifically should a parent be excited about those prices? What is it my child is getting? What am I buying?

this is very similar to buying a new Porsche. Porsche prints money cause everyone stands in line waiting for a car. If you don’t want it, next buyer up. Because the 718 is going electric in ‘25, they’ve jacked up the price $13k between 2022-2024 and it’s quite possible I won’t even get an allocation.
The solution of course, like any business you’re unhappy with, is stop buying. They’ll lean out accordingly. Any parent that pays for a non vocational degree at State is a dope (or rich)
 
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Catch1lion

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Conversely, this happened....
NYU , Med , has recently gone to tuition free format. They also offer an accelerated 3 year program. Columbia Med. does offer an aggressive financial aid based on need. Columbia has always been a tough admission. NYU jumped up into a very tough admission with the tuition free format. Einstein will be very hard to gain admission moving forward. Weil Cornell, which is also in Manhattan, takes the meh approach on financial aid.
If anyone is looking to get into medical school after a career in a non-traditional pathway (i.e. engineering) there are programs called post-baccalaureate that are an interesting option.
 
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Catch1lion

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Something is wrong at PSU -- why specifically should a parent be excited about those prices? What is it my child is getting? What am I buying?

this is very similar to buying a new Porsche. Porsche prints money cause everyone stands in line waiting for a car. If you don’t want it, next buyer up. Because the 718 is going electric in ‘25, they’ve jacked up the price $13k between 2022-2024 and it’s quite possible I won’t even get an allocation.
The solution of course, like any business you’re unhappy with, is stop buying. They’ll lean out accordingly. Any parent that pays for a non vocational degree at State is a dope (or rich)
I think in engineering there is value in the number of alums out there, and so many on campus lab opportunities for research. Externships at Sandia National Lab, and Air Force Research Lab and Argonne were in play for my mech eng. For my #2, he was a very good sax player. He loves music but is smart enough to know that from a career standpoint there are not many opportunities and a lot more talented people. He got to not only play in the Blue Band, but also in studio, and in campus musical groups. A lot of schools box out non-music majors in these type of endeavors.
I think part of the allure of Penn State is so many opportunities outside the classroom. There is a wide variety of sports, arts, and intellectual choices. But obviously you have to put the effort and time in to take advantage of it.
The big disadvantages I see other than cost are that it is a huge place and easy to get swallowed up in academic or social life. You have to find a place to hang your hat. There is not a lot of academic hand holding. You have to be a self-starter.
I would like to see a better graduate degree placement center for jobs at PSU.
 
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Keyser Soze 16802

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Something is wrong at PSU -- why specifically should a parent be excited about those prices? What is it my child is getting? What am I buying?

this is very similar to buying a new Porsche. Porsche prints money cause everyone stands in line waiting for a car. If you don’t want it, next buyer up. Because the 718 is going electric in ‘25, they’ve jacked up the price $13k between 2022-2024 and it’s quite possible I won’t even get an allocation.
The solution of course, like any business you’re unhappy with, is stop buying. They’ll lean out accordingly. Any parent that pays for a non vocational degree at State is a dope (or rich)
Except Porsche's mission is not to educate the sons and daughters of the Commonwealth
 

PSU Mike

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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.
So you’re cool with extortion? I mean, victims of it typically do view it as the best option.
 

GrimReaper

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NYU has recently gone to tuition free format. They also offer an accelerated 3 year program. Columbia does offer an aggressive financial aid based on need. Columbia has always been a tough admission. NYU jumped up into a very tough admission with the tuition free format. Einstein will be very hard to gain admission moving forward. Weil Cornell, which is also in Manhattan, takes the meh approach on financial aid.
If anyone is looking to get into medical school after a career in a non-traditional pathway (i.e. engineering) there are programs called post-baccalaureate that are an interesting option.
NYU Medical has been tuition free to all, irrespective of financial need,, since 2018. Its undergraduate divisions are some of the most expensive schools in the country and overall financial aid sucks.

Thanks to a gift from the Vagelos family, there is considerable need-based financial aid at Physicians & Surgeons (Columbia), but in no way does it approach the generosity of NYU and Einstein. Nonetheless, it is leagues better than most med schools. Columbia undergrad is tuition free for most students from families with incomes of less than $66k, but falls short of its brethren at Harvard, Princeton, and Yale
 
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Bison13

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There are a ton of Penn State alum in Maryland and northern Virginia but I’m seeing less and less kids from this area even apply to Penn State anymore. Many of them now are heading to schools in the south such as Clemson, South Carolina, Coastal Carolina, Alabama and Auburn. In talking to the kids and parents that are heading to those places you’ll see that the two biggest reasons are the tuition cost and the improving programs at the southern schools. so, even Penn Staters are realizing they can get much more bang for their buck other places.
 
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SleepyLion

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Maybe PSU should be converted into a for-profit enterprise. Wonder how long it would survive in its current form and management.
Well, not very long. But the only difference between for-profit and not-for-profit enterprises is their tax status. Both must have revenues that meet or exceed expenses over the long term or they cease to exist.
 

GrimReaper

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Well, not very long. But the only difference between for-profit and not-for-profit enterprises is their tax status. Both must have revenues that meet or exceed expenses over the long term or they cease to exist.
A major difference is also what it can do with any profit/surplus generated.
 

SleepyLion

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A major difference is also what it can do with any profit/surplus generated.
Yes, both can use the surplus for the group/people it was created to benefit (owners of capital or charity case) most likely defined in the founding documents.

NFP are limited as the purpose of the NFP is limited.

FP are not as limited as the owner(s) usually can decide.

We are really saying the same thing.
 

laKavosiey-st lion

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With every post you remove whatever doubt remains that you are a dipshlt.
Don’t you wonder if our gov leaders could survive if results were measured? In what business environment can you survive over promising and under delivering every quarter ? (answer is none businesses)
 

Midnighter

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Don’t you wonder if our gov leaders could survive if results were measured? In what business environment can you survive over promising and under delivering every quarter ? (answer is none businesses)

The biggest fallacy or misconception about government is when people compare it to the private sector. Government is not a for profit business; it is break even at best. The difference between a CEO and an elected representative is when the private company goes to sh*t, and it probably will, the CEO has the government to bail him out. In large part because when you operate a for profit business, things like oversight, care, financial responsibility, etc. are thrown out the window. Why? Government bailout. Private companies need government regulation, oversight, and intervention because we've seen what they do without guardrails. They f*ck sh*t up.
 

laKavosiey-st lion

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The biggest fallacy or misconception about government is when people compare it to the private sector. Government is not a for profit business; it is break even at best. The difference between a CEO and an elected representative is when the private company goes to sh*t, and it probably will, the CEO has the government to bail him out. In large part because when you operate a for profit business, things like oversight, care, financial responsibility, etc. are thrown out the window. Why? Government bailout. Private companies need government regulation, oversight, and intervention because we've seen what they do without guardrails. They f*ck sh*t up.
So who’s keeping an eye on waste? #military$200paperclips