• sushibowl@feddit.nl
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    6 months ago

    And apparently the man is worth $500 million. By ultra rich standards that’s not even wildly wealthy. How many people could somebody like Warren Buffet pay education costs for?

    • scoobford@lemmy.zip
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      6 months ago

      Average cost of college is under $150k/person. Warrant Buffet is worth $133,500,000,000 (rounded heavily). Warranty buffet could pay for approximately 890,000 people to go to college.

      However given the fact that is most of a million people, and how much of a racket education in the US, I think the actual figure is much higher, because he could do several things to drastically reduce the overhead involved.

      • mommykink@lemmy.world
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        6 months ago

        Average cost of college is under $150k/person

        My guy, what? Tuition prices in the US are fucked, but “under $150k/person” is such a weird way to put $25,290

        • scoobford@lemmy.zip
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          6 months ago

          That’s for 1 year’s tuition. I looked up the average for 4 years plus books, supplies, fees, etc.

          • Leviathan@lemmy.world
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            6 months ago

            You’re talking to the average gullible idiot who falls for “fiscal conservative policies”, this is how they always frame gov spending or anything else, leaving out 80% of the costs, ignoring the bigger picture. Also always being confidently incorrect.

          • AlDente@sh.itjust.works
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            6 months ago

            That must be heavily skewed by expensive out-of-state colleges. I’m finding average yearly in-state tuition costs quoted between $7-10k.