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The question I have in all this: can someone name an entry level job in a high tech company that covers the full cost of attending Stanford or even Cal. I went
by relevantcomment 12y ago
The question I have in all this: can someone name an entry level job in a high tech company that covers the full cost of attending Stanford or even Cal. I went to Santa Clara and graduated 2008. People were excited about getting 70k/year starting out as finance majors.
If you plug this salary into a loan calculator and assume ($50k/year for tution and living expenses) that's 200k in debt at graduation.
No one in the Silicon Valley makes enough to cover that.
The assumption then is that people will have parents who help them out through college. Ergo, there is no real social mobility because you need a certain type of parent to ensure you don't have student debt that leaves you in the red even with a high tech job.
The valley and SF just rich kids getting richer while screwing over everyone else.