eh, no. Georgetown thinks we're full pay with two kids. They assume we'd remortgage our apartment to do that. I guess that means we have the abilty to pay .. but most people think it's donut hole. No FA. Not paying 800 for two kids out of cash flow and savings without major recalibration of entire life. |
My OOS kid would die to go to UVA or W&M! |
Another +1 |
A tiny subset of people think it's smart and shows "value" by saving for 18 years - skipping out on taking kids to see London or having an apartment with a third bedroom - so you can blow it all for 4 years of Vassar. Just so that kid can then grow up to save and scrimp for 18 years in their 2 bedroom, 1 bathroom apartment with 1.4 kids
Most Americans making 250k feel fine about having a 4th kid, putting in a pool, buying that Serena and Lilly patio set, going to see the World Cup, sending their parents on a cruise, buying their 18 year old a car, throwing a big wedding, writing a check for kid's downpayment and generally enjoying life. Sure, their kids go to U of Illinois or Wisconsin. Guess what? They have a ball and then get the same jobs as our kids. DCUM is home to that first tiny subset. Most Americans do not find this life at all aspirational. |
TO me the bigger issue is merit aid that takes away from the pot of money for financial need. If all that emrit aid went into the financial need jar, the income level you need to have to qualify for need based aid would be higher. My nieces and nephews and cousins got 20 to 30k in merit aid for tons of schools. These are very well off kids whose parents can absolutely afford to be full pay. I'd rather see that money go to middle class kids, not kids whose parents make half a million a year. |
Has your child been accepted to either of those schools? Not an easy get. Also - some kids are not a good fit for huge state schools. So - why do you care how others spend their money? |
My DC has been accepted in state to w&m. The estimated cost for in state is $43k. Insane! |
Will you be repeating this same ridiculous, tone-deaf message when the cost of elite schools exceeds $100K/year? $200K? Just save, sacrifice, drive an old car? At what point in your view is it just not possible for donut hole families? And why is this ok again? |
That's the problem. You refuse to make lifestyle choices that will allow you to pay. We don't vacation, we live in a lower cost neighborhood and paid off our house, diy almost everything, rarely vacation, nothing fancy so we can pay for college. We don't have to recalibrate as there is nothing to recalibrate. |
The point is when you choose an expensive house, cars, vacations and lifestyle while others of us save and don't do those things on equal or less income, why do you feel entitled to tons of aid while we have to full pay? |
No, honey, we live like that to pay for a state school. So, yes, I'd love to take my kid to London but I'd rather pay for college and grad school for them. |
Same poster. This just popped up. https://www.insidehighered.com/news/quick-takes/2024/03/26/dartmouth-doubles-income-threshold-free-tuition |
Welcome to the New World. That’s what I’ve been trying to tell family (incl DH) and until they looked it up themselves, they just didn’t believe me. Their “oh just go to [UVA/VT/W&M]” doesn’t fly. First, your DC has to get in (congrats, btw!!), then you’ve literally got to justify the multiple six-figures to go. Our household is having issues with the latter so some plans have been majorly (all puns intended?) changed. I’m not really complaining but it sure is a bit of a bitter pill to swallow. |
DP So narrow minded, this. And ignorant. A bad look on you. |
Please share what schools 😂 |