this post was submitted on 10 May 2024
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[–] Mac@mander.xyz 105 points 5 months ago (1 children)

imagine having functionally unlimited money.

[–] sushibowl@feddit.nl 86 points 5 months ago (1 children)

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 62 points 5 months ago (3 children)

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.

[–] ColeSloth@discuss.tchncs.de 23 points 5 months ago

It would be far cheaper for him to build an accredited college and fully staff it for 20 years, providing free education, books, and rooms, to everyone who attends.

[–] a_wild_mimic_appears@lemmy.dbzer0.com 10 points 5 months ago (1 children)

i love how warren's name deteriorates every time you type it 🤪

[–] jdf038@mander.xyz 6 points 5 months ago

Weren't buffet

[–] PP_BOY_@lemmy.world 0 points 5 months ago (1 children)

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 19 points 5 months ago (2 children)

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

[–] Leviathan@lemmy.world 9 points 5 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 0 points 5 months ago (1 children)

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

[–] JJROKCZ@lemmy.world 2 points 5 months ago (1 children)

Per semester or year? And Buffett wouldn’t be all in-state prices unless he just chose to pay for a million in one state which would be ludicrously unfair

[–] AlDente@sh.itjust.works 1 points 5 months ago

That's per year.