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Author Topic: MIT OpenCourseWare ..  (Read 1886 times)

Dave303

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MIT OpenCourseWare ..
« on: January 10, 2007, 03:58:52 PM »

Now you too can go and take some MIT classes

http://ocw.mit.edu/OcwWeb/Global/all-courses.htm

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TheM@trix

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Re: MIT OpenCourseWare ..
« Reply #1 on: January 10, 2007, 07:16:09 PM »

It's like MIT, without MIT.
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urgannagru

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Re: MIT OpenCourseWare ..
« Reply #2 on: January 10, 2007, 07:32:05 PM »

too bad the only value in college is the piece of paper that they give at the end... :(
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BalefireX

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Re: MIT OpenCourseWare ..
« Reply #3 on: January 10, 2007, 08:20:27 PM »

Hmm.. according to the US Census, workers with a college degree earn an average of $51k a year, workers with a high school diploma earn an average of $28k.  Workers with advanced degrees (above BA) earn an average of $74k.
If we assume that a degree costs $200k and takes four years (and now we're talking top-tier private education) and that the average person works until 65, then:

High School Grad:  28k/yr * 47 (65-18) years = $1,316,000
College Graduate:  51k/yr * 43 (65-22) years = $2,193,000 - $200,000 = $1,993,000
Higher Level Deg:  74k/yr * 39 (65-26) years = $2,886,000 - $400,000 = $2,486,000

So, over your lifetime, investing $200k in a college degree returns on average $667k.
Investing an additional $200k in a higher level degree returns an additional $493k.

Put in $400k.  Get out $1.16m.  Not a bad deal.  This neglects the likelihood that you are more likely to marry someone of a similar educational background, doubling these effects.  What would you do with an extra million dollars?
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GideonX

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Re: MIT OpenCourseWare ..
« Reply #4 on: January 10, 2007, 09:04:12 PM »

hah, I earn more than the above BA tier, but without the advanced degree. Take that college!
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BalefireX

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Re: MIT OpenCourseWare ..
« Reply #5 on: January 10, 2007, 09:42:35 PM »

hah, I earn more than the above BA tier, but without the advanced degree. Take that college!

That's right! You can tell your wife that you may be mediocre in some areas, but you're well above average in others!
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GideonX

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Re: MIT OpenCourseWare ..
« Reply #6 on: January 10, 2007, 09:49:41 PM »

Zing!
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Dave303

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Re: MIT OpenCourseWare ..
« Reply #7 on: January 10, 2007, 09:52:14 PM »

hah, I earn more than the above BA tier, but without the advanced degree. Take that college!

thats because your special Ed.

Well I have about 3K left on my student loans, and I think I will pay them off in Feb.
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Mikecx

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Re: MIT OpenCourseWare ..
« Reply #8 on: January 12, 2007, 10:35:37 AM »

This really are quite handy to have even if you are already in college and not MIT. A lot of the lectures are given in a very clear manner and are often better than your local professor.
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