I've talked to several people about my profile for grad school and the consensus is it's not good enough given my undergrad stature. I've talked to folks from schools like CMU and UIUC who got into elite grad schools without papers or ~3.9+ GPAs, but I'm already out of the running with these things with a degree from NC State.
It's incredibly depressing to know I'm already shut out of most forms of social mobility at 24!
If you’re wanting to go to grad school, go to grad school. Maybe you don’t go to an Ivy, but if you’re after the grad school experience then an Ivy is a nice potential bonus, not a necessary thing.
That only tends to be true for PHD programs where the student is expected to work on research that actually brings in grant money.
That's not true for all grad programs. Some are not research-focused at all, and for those the student usually has to pay their own way or get other forms of financial aid (which not all students qualify for).
Even if they do qualify for financial aid, they might not get any, if the limited amount that is available has already been given out to other qualified students.
It may just be “pay them a living wage!”. Pay them $75,000 and call it a day. The waived tuition cost is BS. They aren’t undergrads living on campus and taking a half dozen classes. It doesn’t cost $50,000 / year to have a PhD student do lots of work for the school. Quite the opposite! The school makes a lot of money of their labor!!
At least for STEM PhDs at research universities.