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Originally Posted by Abacab "The REAL truth"
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Ivy League is a sham, you're paying for the selectiveness and prestige that is tagged on your degree upon graduation... Which makes it kind of funny since many of the top 20 schools in academia are not Ivy League schools. It's just kinda odd that you talk-up these schools with such conviction but somehow become completely oblivious to the $27 billion endowments that Harvard obtains to continue it's selective process or the "1450/1600" that it is requiring.
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You're going to have to be a little more detailed in your argument. What's your point? That Ivy League degrees are mostly about the prestige? Yes -- that is correct. Which leads to greater starting salary and long-term income. In addition to the fact that the Ivy League schools provide the best undergraduate educations in the United States. Education also leads to greater starting salaries and long-term income. So it's two-fold.
And distinguishing between the top schools in the country and Ivy League schools is meaningless. They're all the same. Ivy League is shorthand. All 8 of the Ivy League schools are currently rated in the top 15 by US News. The other 8 (two schools are tied @ #15), in descending order, are: Stanford, Caltech, MIT, Duke, University of Chicago, Northwestern, Johns Hopkins, and Washington University in St. Louis.
The selectivity, cost, and prestige of attending any of those schools is comparable to that of the Ivy Leagues, with some of the non-Ivies surpassing certain Ivies in all of the above: selectivity, cost, and prestige. It's not like you're paying a premium for Ivy League. You're paying a premium for the best of the best, whether or not it is Ivy League.
If you want to talk about the best public option, it's Berkeley. Which is also extremely expensive for non-California residents.