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re: World's top 100 universities for producing millionaires [SEC represented]
Posted on 2/20/14 at 2:40 pm to ShaneTheLegLechler
Posted on 2/20/14 at 2:40 pm to ShaneTheLegLechler
I'm talking about the PSF. it's for primary and secondary public education throughout the state. the balance is like $30 billion or something. 
1
Posted on 2/20/14 at 2:40 pm to TH03
quote:
I'm talking about the permanent school fund, which is much larger.
Ah okay. Does that get divided up into the PUF, whatever the smaller university one is, and the k-12 one?
Posted on 2/20/14 at 2:41 pm to UMTigerRebel
quote:
Is this the thread where posters who have graduated from the five represented universities come to showcase their university pride despite never even coming close to sniffing a million dollars?
Posted on 2/20/14 at 2:42 pm to GeorgeReymond
quote:
49 University of Florida (USA)
50 University of Missouri (USA)
Notice the yankee schools are leading the SEC (minus Kentucky).
Posted on 2/20/14 at 2:42 pm to Gradual_Stroke
quote:
"If you didn't have money, you would be poor!"
Exactly
Posted on 2/20/14 at 2:45 pm to ShaneTheLegLechler
they make distributions to each school district to pay "educational costs" and the fund acts as a guarantee for bonds issued by school districts.
from 2013:
from 2013:
quote:
? The total fund balance of the Fund increased $1.8 billion or 6.2% during fiscal year 2013.
? The Fund provided $1.3 billion during the fiscal year toward the cost of public education in the State. The PSF(SBOE) provided $1 billion, derived by using the total return based distribution method of the Texas Constitution, Article 7, Section 5(a). The PSF(SLB) provided $300 million based on Section 51.413 of the Natural Resources Code.
? As of August 31, 2013, $55.2 billion in school district bond issues were guaranteed by the Fund in support of public education in Texas. The amount outstanding increased 3.0% from the prior fiscal year end.
This post was edited on 2/20/14 at 2:47 pm
Posted on 2/20/14 at 2:45 pm to Hog Leg
quote:
LSU clearly doesn't fit and if you weren't sitting on a shitload of oil/gas on- and off-shore you wouldn't be anywhere near that list. But drink up, Corndog. Congrats.
well if my aunt had a dick she'd be my uncle
do you even entrepreneur bro?
Posted on 2/20/14 at 2:46 pm to DanMullins4Life
quote:
Is this the thread where posters who have graduated from the five represented universities come to showcase their university pride despite never even coming close to sniffing a million dollars?
Yeah, but this is an entire board of threads where posters who have graduated from SEC universities come to showcase their university sports pride despite never even coming close to sniffing the depth chart of their respective university's team (except in a jock-sniffing the depth chart sort of way.)
Posted on 2/20/14 at 2:49 pm to TH03
Interesting, we really should have a better public education system with it supporting the funding. Texas public schools aren't bad but with the money the state has they should be better IMO
Posted on 2/20/14 at 2:50 pm to DanMullins4Life
quote:
I'm a self-made man.
Yea I'm no millionaire but I do damn good for 25 years old
Posted on 2/20/14 at 2:52 pm to ShaneTheLegLechler
coming from lousiana, the public schools here north of Dallas are incredible
Posted on 2/20/14 at 2:56 pm to GeorgeReymond
quote:
85 Louisiana State University (USA)
Posted on 2/20/14 at 2:57 pm to DanMullins4Life
quote:The thread? This is every single alumni thread on this board. There are people who haven't even graduated from their respective SEC school who are posting up in here
Is this the thread where posters who have graduated from the five represented universities come to showcase their university pride despite never even coming close to sniffing a million dollars?
Posted on 2/20/14 at 2:59 pm to TH03
The suburban high schools in Houston, Dallas and Austin are good but I know the property taxes in suburban Houston where I grew up were quite high and that's the main source of financing.
It just seems like with the resources they could be some of the best in the country statewide
It just seems like with the resources they could be some of the best in the country statewide
This post was edited on 2/20/14 at 3:02 pm
Posted on 2/20/14 at 3:04 pm to ShaneTheLegLechler
well I believe they only distribute money from interest earnings from the PSF so the fund will never be depleted. so that's usually just under $2 billion a year spread over the entire state.
that along with the high property taxes puts the state above quite a few others in public school funding
that along with the high property taxes puts the state above quite a few others in public school funding
This post was edited on 2/20/14 at 3:06 pm
Posted on 2/20/14 at 3:13 pm to GeorgeReymond
Is this per capita or just totals? Ole miss is 3rd smallest school in SEC, of course we aren't on the list.
Posted on 2/20/14 at 3:31 pm to Samso
quote:
Samso
World's top 100 universities for producing millionaires [SEC represented]
quote:
85 Louisiana State University (USA)
86 Tulane University (USA)
wow
Well, in all fairness, TU does have a lower number of alumni.
Posted on 2/20/14 at 3:34 pm to RebelExpress38
quote:
Is this per capita or just totals? Ole miss is 3rd smallest school in SEC, of course we aren't on the list.
Looks like absolute numbers. It's an interesting list, but without additional data about their methodology and the ability to sort by other factors, it's mostly just that -- interesting. There are just too many questions that need answering and issues that need addressing before the list becomes truly meaningful. School size, as you point out, is relevant, as is what pre-existing economic indicators existed. For instance, Vandy is the smallest school on the list, but it's an expensive private school and its numbers are almost certainly inflated by the fact that the cost tends to restrict the socio-economic class that even attends it in the first place. If you come from old money, there's really no virtue in being a millionaire after graduating from Vanderbilt/Yale/Stanford/etc. And, as others have pointed out, the local possibilities for making money (say, an area rich in minerals/oil/etc) can have a dramatic effect. That doesn't necessarily mean the people who graduate from that particular university do or don't get a higher quality of education. They may, but that's not an ineluctable proposition.
Posted on 2/20/14 at 3:36 pm to RebelExpress38
quote:
Is this per capita or just totals? Ole miss is 3rd smallest school in SEC, of course we aren't on the list.
Vanderbilt made the list.
Posted on 2/20/14 at 3:36 pm to MetryTyger
quote:
Well, in all fairness, TU does have a lower number of alumni
I could be wrong, but couldn't some of that being that more TU alum leave there upon graduation, instead of LSU, meaning more people stauing to work in O&G.
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