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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Having been through this process, and saved quite a bit towards college, we still chose public school as do many people in our financial situation. [b] The biggest problem with the belief that "donut reality" means being shut out, is letting rich people convince you that expensive is better.[/b] Despite what US news claims, in reality, a kid can have the fabulous life and a quality education and not deplete their parents of every cent they saved, plus take on debt and undue stress, for an undergrad degree. [/quote] And they should stop reading this forum and the private school forum immediately :lol: :lol: . So many prestige strivers. We had kids get into top 10 schools, but with no aid and enough in 529 to fully cover in-state tuition. They chose the in-state option. Frankly, the tables are turning. More and more high stat UMC families are no longer paying for private/ivies. The top in-state schools are getting stronger and stronger as a result. Add in the fact that many top employers have stated that they would rather have a top state college kid than many of the Ivies and you really are going to see a shift. The high cost of tuition has reached a tipping point. It seems $85-90k is it. It will be six-figures a year for privates by the time a Freshmen makes it to Senior year. Now you only have the poor and the uber rich at Ivies which is an awful dynamic, but mirrors the US.[/quote] And it's crazy. We drive only Hondas. We have one that is a 2006, in addition to a 2020. We aren't wearing fancy clothes or traveling to Europe. Travel sports are the biggest expense.[/quote] Yeah, middle class kids aren't doing "Travel sports". That is typically $5-10K+ per year. So see, you could have easily saved $5-10K/year for college, you chose not to. Most rec sports do not cost more than $500/year. [/quote] beg to differ. MANY middle class kids are doing travel sports. they shouldn't be, but they are.[/quote]
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