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Woman Retires at 28
lemonlyman:
This is on the front page of CNN today:
http://money.cnn.com/2017/08/02/pf/early-retirement/index.html
Plugra:
--- Quote --- How do you graduate Harvard in 3 years? I'd rather stay the whole time to be there for 1 more year of hanging out with some of the most intelligent people in the world. I'm impressed that she could do that - she must have been taking a ton of classes.
--- End quote ---
It's possible because you can earn advance standing in certain majors with AP credit and whatnot, and then you can sign up for some extra courses, and then graduate early. A lot of the elite private colleges allow this because when the cost of attendance is $60-65k/yr there will be people who want to do it in three years. Some parents who are not receiving financial aid would like little Jimmy to hurry up and graduate asap.
One of the underappreciated twists of paying for college is that the elite schools with the huge sticker prices can work out to be cheaper than the lesser known or bottom-tier schools. The top universities have big endowments and more financial aid to offer, so students don't need to take on huge student loan debt. So the subject of this article probably paid rather little to attend and graduated with no debt, which is great.
mxt0133:
--- Quote from: Moustaches on August 03, 2017, 01:33:53 PM ---But my main point is if you have the opportunity to go to Harvard, even if you have taken enough courses to graduate in 3 years, why not keep going in the 4th year to get even smarter / more educated / meet even more people.
--- End quote ---
Is there a reason why you think you can only do that in an elite college setting? She already has the network and contacts. Why stay at an institution if you have already gotten what you wanted out of it? Seems like she got the piece of paper, which is the goal for most people that attend these prestigious institutions, and was ready to put it use.
Psychstache:
--- Quote from: Moustaches on August 03, 2017, 01:33:53 PM ---
--- Quote from: Plugra on August 03, 2017, 10:48:33 AM ---
--- Quote --- How do you graduate Harvard in 3 years? I'd rather stay the whole time to be there for 1 more year of hanging out with some of the most intelligent people in the world. I'm impressed that she could do that - she must have been taking a ton of classes.
--- End quote ---
It's possible because you can earn advance standing in certain majors with AP credit and whatnot, and then you can sign up for some extra courses, and then graduate early. A lot of the elite private colleges allow this because when the cost of attendance is $60-65k/yr there will be people who want to do it in three years. Some parents who are not receiving financial aid would like little Jimmy to hurry up and graduate asap.
One of the underappreciated twists of paying for college is that the elite schools with the huge sticker prices can work out to be cheaper than the lesser known or bottom-tier schools. The top universities have big endowments and more financial aid to offer, so students don't need to take on huge student loan debt. So the subject of this article probably paid rather little to attend and graduated with no debt, which is great.
--- End quote ---
I think that depends on the school. When I went to school, AP courses got you advanced to harder courses but didn't give you credit towards graduation. But my main point is if you have the opportunity to go to Harvard, even if you have taken enough courses to graduate in 3 years, why not keep going in the 4th year to get even smarter / more educated / meet even more people.
Definitely agree that the ivy leagues are not as expensive as you think as they offer need based financial aid.
--- End quote ---
Dual-credit courses (classes that earn you high school and college credit, which are different from AP classes) have exploded in the last 10-15 years. It is not uncommon for high achieving high schoolers in good schools to graduate with 1-1.5 years of college credits under their belt.
Nately:
What she managed to save is impressive, and continuing to live on a lower amount relative to their income is admirable.
But, what's the difference here between "retiring" and "becoming a SAHM"?
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