Love Affairs in Melbourne-Chapter 41 - 39 Will You Give Up for Me?_2

The aspect of education in the United States that is considered fair is that high-IQ "poor" individuals from around the world and high-IQ "poor" individuals native to the United States can both enter their dream universities through need-based and merit-based scholarships.

The MBA program at Wharton Business School has a slightly high barrier for entry, but top-tier private universities like Stanford University, which is not short of funds, are still very friendly toward "poor" people.

If one is admitted into Stanford, the school’s policy states that if the student’s parents’ combined annual income is not double the tuition fee, the tuition can be waived, and if their income is even less than the tuition, all fees will be exempted.

Harvard and Stanford produce the most billionaires in the United States. Each year, many students receive various forms of financial aid, from within and outside the school.

However, as the United States does not have a one-child policy, many families have more than one child. For families whose income just surpasses twice the tuition fee, affording university for one child poses a significant challenge, let alone for two or more children, which becomes practically a pipe dream.

This is when scholarships become the sole option.

Of course, financial aid is specifically intended for children from "poor" families.

Scholarships, however, do not specify that children from wealthy families cannot apply.

Students applying for university scholarships in the United States face competition from around the globe.

This is undoubtedly much more challenging than taking the national college entrance examination.

Generally, children from particularly wealthy families are less likely to apply for scholarships.

Yet, it’s not impossible to find applications from children of wealthy families whose parents have strict educational values.

It’s true that there are such American millionaires who, once their children turn 18, do not give them a penny, expecting them to rely solely on themselves until they can inherit an estate or receive trust funds from the family.

To receive these family trust funds, usually, there are conditions attached like graduating from a certain caliber of school.

Scenarios like needing to marry a particular person to inherit an estate, commonly found in Korean dramas, are unconstitutional, so they could never appear in the terms of a family trust fund.

A contract that is unconstitutional or illegal is null and void.

As long as they are lawful, conditions attached to family trust funds can be freely set by the grantor.

Scholarships in the United States vary in level, including full scholarships (Fellowships), partial scholarships (Scholarships), tuition waivers, and numerous "work-study" positions for graduate students.

Receiving a full scholarship at a prestigious American university covers not only tuition fees but also living expenses, book fees, health insurance, and more.

Many good full scholarships even provide ample "family visiting funds" such that a frugal person could study in the United States on a full scholarship without spending a dime of their own money, and still have some leftover each year. freewёbnoνel.com

Yi had received a full scholarship.

"Yi, you asked me so many questions, I don’t know how to answer you. When we go back, I’ll write to you in detail," Yi replied calmly.

Yi felt that perhaps this was only way to ease the current sadness.

"Writing letters? That’s so distant, how long will they take to arrive?" Yan Yan started to miss their high school days when they could exchange letters just by turning around.

The melancholy of parting, the hinderance of distance, too many questions still unconsidered.

"It’s not very practical to write letters across such a distance, I can email you."

Yi recalled an era when they used to write letters daily, always feeling a bit uncomfortable when thinking back.

"Someone I broke up with not only asked for all the letters I wrote to them but also returned all the letters I had sent to them. That person was really annoying, so I just threw them all away," said Yi, still hurt by the memory of the breakup.

"What? You threw them away?" Yan Yan said with a look of disappointment.

"Yes, I threw them all away, not a single one left," Yi replied.

"You shouldn’t have told me that. Hearing about it won’t make me happy," Yan Yan expressed her sullen opinion.

"I had to tell you so you would know that I threw those letters away in the trash, then shamelessly went back and dug through the garbage for ages. My integrity was completely shattered," Yi said with a self-deprecating look.

"That’s good, quite spectacular," Yan Yan applauded Yi.

"Is it really that good?" Yi asked, looking at Yan Yan expectantly.

Yi was asking with their eyes if Yan Yan had also kept the letters she wrote.

Yan Yan did not respond to Yi’s question but instead thought of another.

"Yi, there’s one question I absolutely need to ask you now," Yan Yan suddenly spoke in a more serious tone.

"What is it?" As Yi held Yan Yan’s hand, they gripped it tighter unconsciously.

"Would you give up UBS and Barclays for me?" Yan Yan asked very seriously.

Note 1:

"Headcount" is probably a familiar concept domestically.

For civil servants and public institution employees, headcount is incredibly important.

Yet, for companies overseas, headcount holds significant importance as well.

Being a department head or even a regional director, liking a crucial talent doesn’t mean you can simply decide to hire them.

In times of rapid company growth, expanding headcount means that hiring someone can be a directive from the director.

However, in a poor economic environment or when a company needs to downsize due to underperformance, hiring new employees without firing existing ones is not feasible.

In summary, for large corporations, headcount is an absolutely crucial metric.

This is true not just abroad; foreign corporations in our country are also subject to headcount constraints.

If headquarters do not allocate more headcount and there is a shortage of subordinates, companies can sign contracts with third-party outsourcing agencies.

Employees contracted through outsourcing agencies to work in foreign corporations are without "establishment" in those corporations.

On the surface, there may be no difference in the work environment, but the treatment and benefits are usually much worse.

Especially when the company wants to dismiss you, the compensation received will be much less.