The Upper Classes’ Obsession With Prestigious Colleges-How Socioeconomic Status Influences Academics
Vložit
- čas přidán 24. 04. 2022
- The Upper Classes’ Obsession With Prestigious Colleges-How Socioeconomic Status Influences Academics
#harvard #yale #princeton #columbiauniversity #dartmouth #cornell #brownuniversity #stanford
Let's dive into the upper-middle and upper classes' obsession with gaining admission into elite colleges and persuading children to enter high-paying careers. We'll talk about how one's socioeconomic status greatly influences the likelihood and opportunity of attending an ivy league and top-tier university.
Now, of course, there are many exceptions to this general stereotype that all rich people want their kids to go to elite schools and that all middle-class/poor people feel the opposite.
That is not the case at all. There are many middle-class or lower-income families that push their children to excel academically. On the other end of the spectrum, many wealthy families are less hands-on in wanting their kids to attend a prestigious university.
Ultimately, when we look at statistics, there is a direct correlation between one's socioeconomic upbringing and opportunities in young adulthood. This video will explain why the wealthy obsess over elite educations, and how those from lower and middle class settings generally perceive education do so differently.
I'm going to break down and compare common obstacles towards education by different groups of people:
The lower class, which makes up 25-30% of the Americans
The middle class, about 50% of the population
The upper-middle-class, which is where you'll see higher-earning individuals or families.
The upper class, those with high net worths and large incomes.
Ultra wealthy upper class, which, according to some are the people worth more than $30M. These are the successful entrepreneurs, people born into generational wealth, politicians, etc.
I'll also weigh in on my perspective as someone who chased and achieved this American dream of upward mobility. I don't come from wealth-my twin brother and I spent my entire educational journey in public schools or institutions, but I'm not blind to the privileges that many other doctors and I had.
In general, there are commonly fewer hurdles that you have to jump over in terms of success when you grow up in a wealthy family or high up on this socioeconomic spectrum.
This culture of encouraging your child to succeed comes down to components like money, resources, familial expectations, and the desire for your child to attain status and future security.
Outside of wealth, familial expectations are a huge component to your child's ability to succeed. You can be poor, but if you are a parent that pushes your child on a regular basis to value education, it can set them up for success. The parental mindset of placing emphasis on your child's education can greatly impact their ability to do well. There are poor parents who sacrifice everything they can for their children to have a strong academic foundation. There are also rich parents who don't care at all.
We will get into that, but the upper and ultra-wealthy upper classes have different perspectives throughout the journey. They can look at the $76-83k estimated cost of attendance PER YEAR to an ivy league school and not bat an eye. For most families, they know that in order for their children to attend these kinds of schools, they'll either have to get a scholarship or take their own loans.
This is why it's very common for most people to strive to attend top public schools, where the tuition is a fraction of the price.
Because let's say you have two children and want both of them to go to a 4-year private university? That would cost you about $640k. That is only for an undergraduate degree. That doesn't include raising the child and even potentially paying for their expensive K-12 private schools tuition. This also doesn't include the potential costs of grad school or doctorate education.
When you have millions in the bank, your only obstacle for attending top private schools is gaining admission.
Every family who values education has different goals for their children that they eventually may hold onto and strive for themselves. Common goals may be to get into a top state school or go to an elite private school, like an ivy league college or university with a low acceptance rate. Before we dive into how the wealthy perceive college admissions vs the rest of the population, we have to start back from the beginning when a baby is born, because parents from different socioeconomic classes will generally have very different experiences.
@Doctor.Ryan On TikTok
www.tiktok.com/@doctor.ryan?l...
This video was inspired by @amandamaryanna-here is a link to her video: • why are rich people ob... - Zábava
![UCF Professor Richard Quinn accuses class of cheating [Original]](http://i.ytimg.com/vi/rbzJTTDO9f4/mqdefault.jpg)
![UCF Professor Richard Quinn accuses class of cheating [Original]](/img/tr.png)
You didn't mention that middle class and working class students get financial aid at elite schools. You will never pay $640k.
True. Though even then college is expensive.
@@venkatachengalvala4289not really for these top schools, 20% of people in Harvard don't pay anything.
For most of these schools, people who earn less than 65k a year dont pay anything, including room and board.
Up to 125k youll have to pay part of room and board but still no tuition.
Only people with 250k or more pay the full price.
Exactly right you can make like 80 grand a year and go essentially for free to any of those top school. Or make 150k and gos for 10k, financial aid is significantly better now then what it used to be.
One aspect left unaddressed is the belief held by these Ivy League professionals that they are superior to everyone else in every aspect. I participated in a tech project led by a woman with a PhD in English literature from Harvard, who constantly flaunted her credentials but lacked comprehension of fundamental software development concepts like front end and back end.
Great video!! I just went through the application process so this was very interesting!! I think it's also worth mentioning that not all public schools are the same, there are "Public feeders" where >10% of students go to an ivy!
Wealthy families don't send their kids to elite schools because it's affordable. There's a higher return on investment for the time and money investment. You should consider doing a video on the ROI, and literally create some quantitative methodology to rank the top 100 colleges by alumni economic outcomes.
It’s quite smart comment, Thanks for sharing as I just learn about this other Hidden information.
Only for certain fields/majors. A lot of majors would never capitalize on the exclusive networking.
@@jackjack4412 I have a ranking of schools by alumni economic outcomes. It accounts for all alumni regardless of the majors.
@@economicdevelopmentplannin8715 I'd love to see that! How can I take a look?
I know a lot of “poor” families including myself and their children are going to amazing schools like Harvard, UPenn, and other amazing schools. I think it also depends on the school district (which wealth will determine), how hard they work, and the teachers they get! This is such an interesting topic! I am currently a HS senior and come from a very poor family but I got a few full rides (Boston University, Brandeis, Middlebury, Lafayette) and waitlisted at some rich people schools (UChicago and WashU) I just hope I’ll be financially well off so that my children could get these resources. Nice video again!
Yeah, but there are tons of lower class people who get in, graduate and and still feel not enough and out of the loop throughout their entire experience so best of luck...
Good video
Thanks for watching!
You didn’t mention that students with disabilities have to wait longer for accommodations at elite colleges because of IEP contracts and continuing special education until at least 21 or 22.
It's just about social class. If a majority of poor and low income students when to IVY's then these institutions would lose their reputation overnight. Just saying.
You’re cute 😉 - oh! And your contents are very interesting too 😬🤣
Why are you whispering? Great video though
cause he's not an obnoxiously low class
Just be smart and make it then