The TRUTH About Being Poor at an Ivy League School | Yale Questbridge Finalist Shares All...

ElevatEd School
17 Jan 202115:47
EducationalLearning
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TLDRIn this candid video, Kevin Zen, a recent Yale graduate, shares his personal experiences of navigating financial challenges at an Ivy League school. He discusses the pressures of being a low-income student, the impact of financial aid on his college choices, and the struggles of balancing work with academics. Kevin also touches on the social divide between wealthy and poor students and the lingering sense of insecurity that comes with a poor upbringing. He offers advice to others facing similar challenges and emphasizes the importance of discussing financial aid resources openly.

Takeaways
  • 💸 Being poor at Yale felt like being trapped, with constant anxiety about finances and future decisions.
  • 🏫 The choice between Princeton and Yale came down to a $450 difference, which felt significant due to the financial pressures.
  • 💼 Kevin worked multiple jobs at Yale, from easy tech support roles to high-paying tutoring positions, which helped him manage his expenses.
  • 🎓 There was a stark rich-poor divide at Yale, with wealthy students enjoying luxuries that poorer students couldn't afford.
  • 📚 Despite financial challenges, Kevin turned his work experiences into opportunities, eventually building a successful tutoring business.
  • 👥 The social divide at Yale also extended to race and ethnicity, with students often self-segregating based on socioeconomic status and background.
  • 💬 Kevin expressed mixed feelings about working during college, acknowledging the benefits but also the additional strain it placed on low-income students.
  • 💡 Financial aid at Yale is generous, but the gap between the experiences of wealthy and poor students remains significant.
  • 💼 Kevin’s experience with tutoring led him to question the ethics of helping wealthy international students gain admission to top U.S. universities.
  • 🔍 Kevin's mindset around money has evolved, but he still struggles with the feeling of never having 'enough,' a common issue among those who grew up poor.
Q & A
  • What was the worst part of being poor at Yale according to Kevin Zen?

    -The worst part for Kevin Zen was the constant feeling of being trapped, as if decisions were being made for him. He had to choose a major that would secure a job to pay off his parents' debt, which created a cloud of insecurity hanging over him daily.

  • How did financial aid impact Kevin's decision to attend Yale?

    -Financial aid played a significant role in Kevin's decision to attend Yale. Despite being accepted to other prestigious schools like Princeton, Williams, and Georgetown, Yale offered him the best financial aid package, although it was slightly more expensive than Princeton by $450.

  • What jobs did Kevin Zen work while at Yale, and how did they help him financially?

    -Kevin worked several jobs, including a cluster technician job that involved maintaining printers on campus, and tutoring high school students. These jobs paid him between $13 and $35 an hour, and helped him earn money to cover his expenses without asking for help from his parents.

  • What ethical dilemmas did Kevin face while working as a tutor?

    -Kevin faced ethical dilemmas while working as a tutor, particularly when he was asked to heavily edit or even rewrite college application essays for international students. He felt conflicted about potentially taking away opportunities from other deserving students.

  • How did Kevin feel about the rich-poor divide at Yale?

    -Kevin observed a significant rich-poor divide at Yale, which was reflected in the lifestyles and opportunities available to wealthy students compared to those from low-income backgrounds. This divide was also evident in the social circles students formed, with wealthier students often gravitating towards each other.

  • Why did Kevin feel conflicted about the student income contribution requirement at Yale?

    -Kevin understood the arguments against the student income contribution requirement, such as its potential to affect academic performance, but he personally did not share this view. He believed that working during college was a normal part of the experience and saw it as an opportunity to gain valuable skills.

  • How did Kevin's financial situation change during his junior and senior years at Yale?

    -During his junior and senior years, Kevin's financial situation improved significantly. He began earning $60 an hour from tutoring and managed to save $15,000, which allowed him to become financially independent and support himself without relying on his parents.

  • What lasting impact did growing up poor have on Kevin's mindset?

    -Growing up poor left Kevin with a lingering mindset of feeling financially insecure, even after achieving financial success. He acknowledged that this mindset might persist despite his current wealth and success, as it is deeply rooted in his experiences growing up.

  • What advice does Kevin offer to low-income students at prestigious universities?

    -Kevin advises low-income students to take advantage of the financial aid resources available to them and not to hesitate to ask for help. He emphasizes the importance of being aware of the support options that might not be well-publicized, such as assistance with purchasing laptops or winter coats.

  • How does Kevin's perspective on wealth and success influence his current work and outlook on life?

    -Kevin's experiences have shaped his perspective on wealth and success, leading him to value financial independence and the ability to help others. He now runs a tutoring company and is passionate about sharing his knowledge and supporting others, especially those from low-income backgrounds.

Outlines
00:00
😔 The Struggles of Being Poor at Yale

The speaker reflects on the challenges of being a low-income student at Yale, particularly the overwhelming feeling of being trapped by financial constraints. Decisions about majors and careers are often driven by the need to secure a stable income to support family obligations. This constant pressure creates a cloud of insecurity, which is rarely discussed openly. The speaker introduces themselves as a recent Yale graduate and sets the stage for a discussion on financial aid and the realities of being poor at an Ivy League university.

05:01
💰 Choosing Between Elite Colleges

The speaker discusses how financial aid influenced their decision to attend Yale over other prestigious institutions like Princeton, Williams, Georgetown, and UVA. Despite Yale being slightly more expensive by $450, they chose it due to the better financial aid package and the school's reputation. The speaker recounts how they calculated the cost difference in terms of hours worked at their parents' restaurant and the impact this decision had on their life. They also share their experience of working multiple jobs at Yale, including a relatively easy cluster technician job, which paid them to ensure printers and computer labs were well-stocked. The speaker humorously notes the simplicity of the job and how they managed to work other jobs simultaneously, eventually earning more through tutoring.

10:02
🎓 Balancing Work and Studies at Yale

The speaker delves into the intense workload they managed while studying at Yale, working multiple jobs to support themselves financially. They describe the long hours spent tutoring and the moral dilemmas faced while editing essays for high school students, particularly in situations where they felt they were crossing ethical boundaries. The speaker shares their internal conflict over accepting high-paying offers to write college applications for wealthy international students, ultimately deciding against it. They discuss the student income contribution debate at Yale, highlighting how some students felt it was unfair that low-income students had to work more than their wealthier peers. Despite the challenges, the speaker expresses gratitude for the experience, which helped them build valuable skills and eventually led to the creation of their own tutoring company.

15:03
🏠 The Rich-Poor Divide at Yale

The speaker addresses the significant socioeconomic divide at Yale, noting the stark contrast between the lifestyles of wealthy students and those from low-income backgrounds. They describe the lavish living situations of some students, such as renting expensive apartments, compared to their own modest accommodations. The speaker reflects on the social dynamics at Yale, where students often group themselves based on similar socioeconomic backgrounds. They share their own experiences of feeling out of place among wealthier students and how they eventually found a sense of belonging in their secret society, where there was more interaction between students of different backgrounds. The speaker also touches on the racial and ethnic divides at Yale and expresses regret over not branching out more during their time there.

📈 Overcoming Financial Challenges and Redefining Success

The speaker reflects on how their financial situation improved during their later years at Yale, thanks to steady income from tutoring. They share the pride they felt in becoming financially independent and the relief of no longer having to rely on their parents. The speaker contrasts their current financial stability with their past struggles and discusses the lingering 'feeling of being poor' despite their success. They explore the idea that financial success is relative and that even those who are well-off may continue to feel insecure or inadequate. The speaker also discusses the cultural impact of growing up in a low-income household, where money was a constant source of stress. They conclude by encouraging others who are facing similar challenges, reminding them that simply getting into college is a significant achievement and a step towards a brighter future.

🤝 Offering Support to Fellow Students

The speaker emphasizes the importance of discussing financial aid and the resources available to low-income students, which are often not well-publicized. They share a story of a friend who went into credit card debt to buy a laptop and a winter coat, not knowing that financial aid could have covered these expenses. The speaker expresses a desire to help others avoid similar situations by offering advice and support. They invite viewers to reach out to them for guidance and offer to meet with them until they reach a certain number of subscribers. The speaker signs off with encouragement and a reminder that they are rooting for the success of their audience.

Mindmap
Keywords
💡Financial Aid
Financial aid refers to the monetary assistance provided to students to help cover the costs of college education. In the video, Kevin discusses how financial aid played a critical role in his decision to attend Yale over other universities. The difference in financial aid offerings influenced his choice, demonstrating how crucial these packages are for students from low-income backgrounds when selecting a school.
💡Income Disparity
Income disparity highlights the significant differences in wealth and income between students at Yale. Kevin reflects on the stark contrast between wealthy students, who often live in luxury, and poorer students, who struggle to make ends meet. This disparity creates social divisions and impacts the overall college experience, contributing to feelings of isolation and insecurity for less affluent students.
💡Work-Study Jobs
Work-study jobs are part-time jobs offered to students as a form of financial aid, allowing them to earn money while studying. Kevin describes his experience working multiple jobs, such as a cluster technician and a tutor, to cover his expenses. These jobs, while beneficial for gaining experience, also added to the stress and workload, illustrating the challenges faced by students who need to balance work and academics.
💡Imposter Syndrome
Imposter syndrome refers to the feeling of inadequacy or self-doubt despite evident success. Kevin mentions this phenomenon as a common experience among students, particularly those from low-income backgrounds. Despite achieving significant financial success post-graduation, Kevin still grapples with feelings of being an outsider or not truly belonging, highlighting the psychological impact of socioeconomic background on self-perception.
💡Student Income Contribution
Student income contribution is the portion of a student’s financial aid package that they are expected to earn through work. Kevin discusses the debate around this requirement at Yale, where some students argue that it places an unfair burden on those from low-income backgrounds, forcing them to work more hours and potentially affecting their academic performance. This concept is central to the video’s exploration of the challenges faced by financially disadvantaged students.
💡Socioeconomic Divide
The socioeconomic divide refers to the gap between students from different economic backgrounds. Kevin notes how this divide is visible at Yale, where wealthier students often have more opportunities and resources compared to their poorer peers. This divide not only affects social interactions but also creates differing college experiences, with some students struggling more due to financial constraints.
💡Tutoring
Tutoring is a form of part-time work that Kevin engaged in to support himself financially while at Yale. He describes how tutoring, especially through platforms like Zoom, became a significant source of income for him, allowing him to eventually earn up to $60 per hour. This job also helped him develop skills and confidence, which later contributed to his career success, illustrating how work experiences can be both a financial necessity and a professional development opportunity.
💡Creative Writing
Creative writing in this context refers to the ethical dilemma Kevin faced while editing and sometimes rewriting students’ essays for college applications. He reflects on the moral implications of significantly altering a student's work, especially when it involved helping wealthier international students secure spots at prestigious universities, potentially at the expense of less privileged students. This concept highlights the ethical challenges and gray areas in the education system.
💡Secret Society
A secret society refers to exclusive social organizations at elite universities like Yale, often composed of students from wealthy or influential backgrounds. Kevin mentions how joining a secret society at Yale exposed him to a more diverse group of students, breaking some of the socioeconomic and social barriers he had previously experienced. This reflects how social structures within universities can influence the integration and social mobility of students from different backgrounds.
💡Wealth and Poverty Mindset
The wealth and poverty mindset refers to the psychological and emotional effects of growing up in a low-income family, which continue to influence an individual even after they achieve financial success. Kevin discusses how, despite his current financial status, he still struggles with feelings of insecurity and the drive to accumulate more wealth, rooted in his experiences of poverty. This mindset illustrates the long-lasting impact of socioeconomic background on personal identity and values.
Highlights

The worst part about being poor at Yale is the constant feeling of being trapped and making decisions based on financial necessity rather than passion.

Kevin Zen, a Yale graduate, discusses his financial struggles and the impact it had on his college experience, including the pressure to choose a major for job security.

Financial aid played a crucial role in Kevin's decision to attend Yale over other prestigious universities like Princeton, Georgetown, and Williams.

Despite Yale being slightly more expensive, Kevin chose it because of the long-term financial benefits and the ability to pay off his parents' debt.

Kevin worked multiple jobs while at Yale, including an easy cluster technician job and tutoring, which allowed him to earn a steady income.

He found himself working two jobs simultaneously, including tutoring high school students and editing essays for college applications.

Kevin struggled with the moral dilemma of significantly editing students' essays, feeling it was unfair to other applicants.

He discusses the rich-poor divide at Yale, highlighting the disparity between students from wealthy backgrounds and those on financial aid.

Kevin mentions the impact of working on his ability to perform well academically, and the debate among students about the fairness of financial aid policies.

Despite the challenges, Kevin appreciated the work experience he gained, which later helped him in his career, including starting a tutoring company.

He reflects on the differences between his lifestyle and that of wealthier students, particularly in terms of living conditions and social experiences.

Kevin shares his journey from feeling poor to becoming financially successful, noting the lingering effects of poverty mindset.

He discusses the ongoing struggle with imposter syndrome, even after achieving financial success, and the challenge of defining 'enough.'

Kevin emphasizes the importance of low-income financial aid resources that are often underpublicized and shares his frustration with the lack of awareness.

He offers support and advice to students facing similar challenges, encouraging them to reach out for guidance and assistance.

Transcripts
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