Would someone explain the logic on that Stanford ex-student?

[Guest]

Did you guys catch the news on the Chinese student, Yusi Zhao, whose parents paid $6.5 million US to get her admitted to Stanford University? I don't get the logic at all. If you've got an extra $6.5 million, couldn't you just spend $1.5 million for a decent house, then have her live off of the interest of the remaining $5 million? I'd think one could live comfortably that way. How could a Stanford degree (it looks as though she had a sociology major before she was kicked out) ever be worth that amount of money? Am I missing something? Where's the logic?

 

https://www.nytimes.com/2019/05/02/us/yusi-molly-zhao-china-stanford.html

[+ BenjaminNicholas]

You can't fully grasp the pressure of living in China, keeping up appearances and parents who would feel great shame if their child didn't get into an American Ivy League. It's why countries like China have some of the highest suicide rates.

 

It's absolutely insane.

[LivingnLA]

Did you guys catch the news on the Chinese student, Yusi Zhao, whose parents paid $6.5 million US to get her admitted to Stanford University? I don't get the logic at all. If you've got an extra $6.5 million, couldn't you just spend $1.5 million for a decent house, then have her live off of the interest of the remaining $5 million? I'd think one could live comfortably that way. How could a Stanford degree (it looks as though she had a sociology major before she was kicked out) ever be worth that amount of money? Am I missing something? Where's the logic?

 

https://www.nytimes.com/2019/05/02/us/yusi-molly-zhao-china-stanford.html

 

Her father is worth at least $2 billion. $6.5 million is nothing when the family's honor is on the line. Plus, it's entirely possible his company paid the fee, though he denies it. Lastly, I wouldn't be surprised if he planned to use her position at Stanford to get approval to buy a residence for her and provide support, which would've allowed him to move many millions more out of China.