A couple of years ago, I had a post on the Miss America pageant, where I was sort of perturbed about the amount of money the pageant said it awarded to the winner.
I’m sure there are lovely prizes, but here’s what gets me. There’s a scholarship involved, and according to news reports, Miss America’s scholarship prize is $50,000. I know that $50,000 is a lot of money, but as the parent of a child in college, I also know that $50,000 isn’t going to cover costs over the four years it takes to graduate.
It seems like a minor complaint, but let’s break it down in terms of how the real world works.
If your kid is going to a state school and you’re a resident of the state, you probably pay $15,000 a year. That’s considered cheap for a college education, and a Miss America scholarship won’t carry you through graduation. If you’re going to a state school as an out-of-state resident, the cost will run you about $25,000 a year, so being Miss America gets you through your sophomore year. If you go to a private school, you’re talking $40,000 a year, so maybe you make it through freshman year and part of one semester. And if you go to an Ivy, you’re talking in excess of $50,000 a year, so maybe you make it through freshman year, and after that, you’re on your own.
About a week ago, John Oliver took a look at the Miss America pageant, and he’s sort of perturbed about the amount of money the pageant said it awarded overall:
I made my calculations on the back of an envelope. He called the IRS. That was impressive.
And he’s right about Donald Trump.