Author Topic: Georgia Tech and UCLA Admissions  (Read 12676 times)

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Offline Irvine Dream

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #15 on: December 08, 2015, 01:39:08 PM »
Georgia Tech ranked #302 by The Economist.

UCLA #78

Berkeley #1141 (that's not a typo)



http://www.economist.com/blogs/graphicdetail/2015/10/value-university
UCLA #347?

Offline WTTCHMN

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #16 on: December 08, 2015, 01:51:08 PM »
Georgia Tech ranked #302 by The Economist.

UCLA #78

Berkeley #1141 (that's not a typo)



http://www.economist.com/blogs/graphicdetail/2015/10/value-university
UCLA #347?

oops, #78 is CSULA

USC #371

Offline Irvinecommuter

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #17 on: December 09, 2015, 09:06:07 AM »
Georgia Tech ranked #302 by The Economist.

UCLA #78

Berkeley #1141 (that's not a typo)



http://www.economist.com/blogs/graphicdetail/2015/10/value-university
UCLA #347?

oops, #78 is CSULA

USC #371

Trying to read the methodology on this study is pretty crazy...I have no idea why there is an "expected earning" when there is an actual earning.    Also...the comments are pretty clear about the elected methodology being pretty poor. 

One of the bigger issue is that if it presumes that the graduate stays in the local area...that's pretty ridiculous assumption for high end school, like Cal.
« Last Edit: December 09, 2015, 09:21:13 AM by Irvinecommuter »

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #18 on: September 08, 2018, 11:51:34 AM »
Below I have done some comparison of Tech and UCLA in terms of ROI and Tuition as fees. I really think that Tech will get on the FCB radar in the years ahead. Admission to tech this year was 23% vs 51% in 2011.



2017 Admissions:
UCLA Admission :    17.3%
Georgia Admission : 23.3%

UCLA ethnic makeup:
Asian 39%
White 31%
Latino: 20%
Black   4%

Georgia Tech ethnic makeup:
Asian 20%
White 50%
Latino 6.5%
Black  6.6%

UCLA California residence tuition 4 years : $138,708

Georgia Tech - Georgia residence tuition 4 years : $113,472
Georgia Tech - Georgia residence tuition 4 years : $$73,440 with Hope Scholarship
 


Best ROI:
Rank #3 : Georgia Tech
Seven career sectors that Georgia Institute of Technology graduates most often pursue are all concentrated in engineering: software, mechanical, electrical, aerospace, project, civil, and senior mechanical. Among these careers, the average annual salary is $73,137 ― roughly $14,000 less than the cost of a complete degree program. For this reason (as well as the average amount of financial aid received by students), it's easy to see why GIT graduates earn such a high ROI over the course of 30 years.
Cost: $87,030
30 Year Net ROI: $1,389,000
% Aid: 78%

Best ROI:

Rank #36 : UCLA

A public research facility, the University of California (UCLA) is one of ten campuses within the state's educational system. Boasting 13 nobel laureates and 12 MacArther fellows, UCLA developed a reputation of academic excellence through its dedication to advanced research. These factors contribute to the ROI of students who earn a degree from the Los Angeles university. The school has a wide variety of STEM degree offerings which include chemical engineering, biotechnology, and computer science.
Cost: $120,000
30 Year Net ROI: $890,700
% Aid: 61%
Average Aid Amount: $15,117
30 Years ROI with Aid: $955,200
Average Aid Amount: $10,946
30 Years ROI with Aid: $1,440,000

Source: https://www.bestcolleges.com/features/best-roi-colleges/
Source: https://www.gatech.edu/sites/default/files/documents/georgia-tech-freshman-profile-2018.pdf
« Last Edit: September 08, 2018, 12:25:22 PM by Panda »
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Offline eyephone

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #19 on: September 08, 2018, 12:30:38 PM »
Your model is based on free tuition. What if it changes?

Offline Kings

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #20 on: September 08, 2018, 12:33:58 PM »
Below I have done some comparison of Tech and UCLA in terms of ROI and Tuition as fees. I really think that Tech will get on the FCB radar in the years ahead. Admission to tech this year was 23% vs 51% in 2011.



2017 Admissions:
UCLA Admission :    17.3%
Georgia Admission : 23.3%

UCLA ethnic makeup:
Asian 39%
White 31%
Latino: 20%
Black   4%

Georgia Tech ethnic makeup:
Asian 20%
White 50%
Latino 6.5%
Black  6.6%

UCLA California residence tuition 4 years : $138,708

Georgia Tech - Georgia residence tuition 4 years : $113,472
Georgia Tech - Georgia residence tuition 4 years : $$73,440 with Hope Scholarship
 


Best ROI:
Rank #3 : Georgia Tech
Seven career sectors that Georgia Institute of Technology graduates most often pursue are all concentrated in engineering: software, mechanical, electrical, aerospace, project, civil, and senior mechanical. Among these careers, the average annual salary is $73,137 ― roughly $14,000 less than the cost of a complete degree program. For this reason (as well as the average amount of financial aid received by students), it's easy to see why GIT graduates earn such a high ROI over the course of 30 years.
Cost: $87,030
30 Year Net ROI: $1,389,000
% Aid: 78%

Best ROI:

Rank #36 : UCLA

A public research facility, the University of California (UCLA) is one of ten campuses within the state's educational system. Boasting 13 nobel laureates and 12 MacArther fellows, UCLA developed a reputation of academic excellence through its dedication to advanced research. These factors contribute to the ROI of students who earn a degree from the Los Angeles university. The school has a wide variety of STEM degree offerings which include chemical engineering, biotechnology, and computer science.
Cost: $120,000
30 Year Net ROI: $890,700
% Aid: 61%
Average Aid Amount: $15,117
30 Years ROI with Aid: $955,200
Average Aid Amount: $10,946
30 Years ROI with Aid: $1,440,000

Source: https://www.bestcolleges.com/features/best-roi-colleges/
Source: https://www.gatech.edu/sites/default/files/documents/georgia-tech-freshman-profile-2018.pdf

hate that we have a 100% book tax here in CA

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #21 on: September 08, 2018, 12:37:57 PM »
Eyephone. it can change and state could possibly remove the HOPE scholarship all together. The HOPE scholarship only covers the four year tuition which amounts to about $40k in present dollars. The Zelle Scholarship covers beyond the tuition, but harder to qualify.

I didn't have any debt or college loans after graduating from the business school at University of Michigan, therefore it my goal to provide the same for my boys. Knowing that college expenses for a state schools is about $120,000 per child today, it is a good to goal to start planning for your children's college expenses.
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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #22 on: September 08, 2018, 12:39:32 PM »
LOL. you are right. It appears that that the Cali's book tax is $700 per year.

Below I have done some comparison of Tech and UCLA in terms of ROI and Tuition as fees. I really think that Tech will get on the FCB radar in the years ahead. Admission to tech this year was 23% vs 51% in 2011. UCLA costs $6,309 per year more than Georgia Tech. In 4 years, UCLA costs $25,236 more than Georgia Tech.



2017 Admissions:
UCLA Admission :    17.3%
Georgia Admission : 23.3%

UCLA ethnic makeup:
Asian 39%
White 31%
Latino: 20%
Black   4%

Georgia Tech ethnic makeup:
Asian 20%
White 50%
Latino 6.5%
Black  6.6%

UCLA California residence tuition 4 years : $138,708

Georgia Tech - Georgia residence tuition 4 years : $113,472
Georgia Tech - Georgia residence tuition 4 years : $$73,440 with Hope Scholarship
 


Best ROI:
Rank #3 : Georgia Tech
Seven career sectors that Georgia Institute of Technology graduates most often pursue are all concentrated in engineering: software, mechanical, electrical, aerospace, project, civil, and senior mechanical. Among these careers, the average annual salary is $73,137 ― roughly $14,000 less than the cost of a complete degree program. For this reason (as well as the average amount of financial aid received by students), it's easy to see why GIT graduates earn such a high ROI over the course of 30 years.
Cost: $87,030
30 Year Net ROI: $1,389,000
% Aid: 78%

Best ROI:

Rank #36 : UCLA

A public research facility, the University of California (UCLA) is one of ten campuses within the state's educational system. Boasting 13 nobel laureates and 12 MacArther fellows, UCLA developed a reputation of academic excellence through its dedication to advanced research. These factors contribute to the ROI of students who earn a degree from the Los Angeles university. The school has a wide variety of STEM degree offerings which include chemical engineering, biotechnology, and computer science.
Cost: $120,000
30 Year Net ROI: $890,700
% Aid: 61%
Average Aid Amount: $15,117
30 Years ROI with Aid: $955,200
Average Aid Amount: $10,946
30 Years ROI with Aid: $1,440,000

Source: https://www.bestcolleges.com/features/best-roi-colleges/
Source: https://www.gatech.edu/sites/default/files/documents/georgia-tech-freshman-profile-2018.pdf

hate that we have a 100% book tax here in CA
« Last Edit: September 08, 2018, 03:15:05 PM by Panda »
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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #23 on: September 08, 2018, 01:10:22 PM »
Panda's Prediction of Georgia Tech's ethnic make up : freshman class of 2027:
2027 US NEWS National University Rankings : Georgia Tech ranked in Top 25

Asian 32%
White 38%
Latino 7%
Black 10%

2018 US NEWS Rankings for UC schools:

Rank #  First Tier UC
21         UC Berkeley
21         UCLA
21         USC - Private

            Second Tier UC
37         UC Santa Barbara
42         UC Irvine
42         UC San Diego
46         UC Davis

            Third Tier UC
81         UC Santa Cruz

            Fourth Tier UC
124       UC Riverside


« Last Edit: September 08, 2018, 03:09:44 PM by Panda »
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Offline eyephone

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #24 on: September 08, 2018, 01:52:08 PM »
Just like the Federal Perkins loan program expired under Trump.
(Federal Perkins loan program provided low interest loans to college students)

Eyephone. it can change and state could possibly remove the HOPE scholarship all together. The HOPE scholarship only covers the four year tuition which amounts to about $40k in present dollars. The Zelle Scholarship covers beyond the tuition, but harder to qualify.

I didn't have any debt or college loans after graduating from the business school at University of Michigan, therefore it my goal to provide the same for my boys. Knowing that college expenses for a state schools is about $120,000 per child today, it is a good to goal to start planning for your children's college expenses.

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #25 on: September 08, 2018, 02:27:17 PM »
Eyephone,
I think the HOPE Scholarship will still be around in 10 years. Perhaps the full tuition will not be reimbursed, but even with a price tag of $113,472, it such a great value as the average Tech grad has a starting salary of $70k. In less than 2 years , a Tech grad would recover his investment. I look at colleges a lot like investments. With the HOPE scholarship, the newly minted Tech grad would recover his 4 years of college costs within a year.


Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even

Just like the Federal Perkins loan program expired under Trump.
(Federal Perkins loan program provided low interest loans to college students)

Eyephone. it can change and state could possibly remove the HOPE scholarship all together. The HOPE scholarship only covers the four year tuition which amounts to about $40k in present dollars. The Zelle Scholarship covers beyond the tuition, but harder to qualify.

I didn't have any debt or college loans after graduating from the business school at University of Michigan, therefore it my goal to provide the same for my boys. Knowing that college expenses for a state schools is about $120,000 per child today, it is a good to goal to start planning for your children's college expenses.
« Last Edit: September 08, 2018, 02:50:39 PM by Panda »
James Park, MBA
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Offline eyephone

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #26 on: September 08, 2018, 02:56:08 PM »
No one knows. I guess a person can hope that the hope scholarship will be around.

Eyephone,
I think the HOPE Scholarship will still be around in 10 years. Perhaps the full tuition will not be reimbursed, but even with a price tag of $113,472, it such a great value as the average Tech grad has a starting salary of $70k. In less than 2 years , a Tech grad would recover his investment. I look at colleges a lot like investments. With the HOPE scholarship, the newly minted Tech grad would recover his 4 years of college costs within a year.


Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even

Just like the Federal Perkins loan program expired under Trump.
(Federal Perkins loan program provided low interest loans to college students)

Eyephone. it can change and state could possibly remove the HOPE scholarship all together. The HOPE scholarship only covers the four year tuition which amounts to about $40k in present dollars. The Zelle Scholarship covers beyond the tuition, but harder to qualify.

I didn't have any debt or college loans after graduating from the business school at University of Michigan, therefore it my goal to provide the same for my boys. Knowing that college expenses for a state schools is about $120,000 per child today, it is a good to goal to start planning for your children's college expenses.

Offline Panda

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #27 on: September 08, 2018, 03:05:44 PM »
For anyone interested below is link for your child qualifying for either the HOPE or Zelle Scholarship.

Source: https://www.gafutures.org/hope-state-aid-programs/hope-zell-miller-scholarships/hope-scholarship/

« Last Edit: September 08, 2018, 05:34:55 PM by Panda »
James Park, MBA
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Offline Kings

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #28 on: September 08, 2018, 04:56:12 PM »

Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even


i think the real question is what value do you put on the alumni network of each school.  usc has one of the strongest alumni networks in the country.  not sure about georgia tech.  while the initial price tag of a degree at usc may be +$200k, depending on what line of work you go into that $200k could be paid back many times over with certain occupations (e.g. commission-based work) that you can leverage your alumni status.  of course, this depends largely on the individual's ability to network, maintain relationships, attend alumni events, etc.

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Re: Applying to UCLA in 1998 vs Applying to Georgia Tech in 2014
« Reply #29 on: September 08, 2018, 05:27:15 PM »
The alumni network value is the unknown wild card. For most you, if your son or daughter got into a top tier Ivy like Stanford, Harvard, MIT, Chicago, Dartmouth, Princeton or Yale an $300k price tag maybe worth it for the network and prestige the school brand provides. I would honestly consider paying that price tag if one of my boys got into those first tier Ivy schools. However if the decision boiled down to USC, Brown, Emory, Vanderbilt, Northwestern, Cornell, or Emory vs Tech? I don't think the $300k price tag is worth it... What is your opinion?

https://news.usc.edu/trojan-family/as-uscs-acceptance-rate-drops-academic-excellence-rises/

USC admission rate 69% in 1980
USC admission rate 17% in 2016

One thing for sure is that if you got into USC in the mid 1990s, you have a college brand equity that has appreciated in value by 10X today. One of my high school buddies seriously got in with a 2.9 GPA and 1060 SAT score back in 1994. He did have Crazy Rich Asians parents in Taiwan.


Compare this to a minted USC grad - (major in Finance, Computer Science, or Engineering). The average salary of USC grad is not much different from a Tech grad but the 4 year price tag for USC is right around $295,000.


USC return on investment : $295,000 4 year tuition / $72.000 first year salary =              4 years to break even
Georgia Tech return on investment : $72,000 4 years tuition / $72,000 first year salary = 1 year to break even


i think the real question is what value do you put on the alumni network of each school.  usc has one of the strongest alumni networks in the country.  not sure about georgia tech.  while the initial price tag of a degree at usc may be +$200k, depending on what line of work you go into that $200k could be paid back many times over with certain occupations (e.g. commission-based work) that you can leverage your alumni status.  of course, this depends largely on the individual's ability to network, maintain relationships, attend alumni events, etc.
« Last Edit: September 08, 2018, 05:47:00 PM by Panda »
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Direct: (678) 865-6250
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