College applications -- apply to $$$$ schools or not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP - why are you asking for advice, you clearly don’t want it. Is it a humblebrag and you do not like that more people are not impressed with you?

You have your life figured out the way you want it. You are happy living on 100K/year. You have a housing you are happy with at a reasonable price, etc, etc.

You seem bound and determined to convince people that you can afford to spend 25 percent of your liquid net worth on college for your kids but only if they get into An Ivy and you can understand the value of it. Bully for you.

We cannot possibly answer that question for you as it is personal and a function of your values and anytime someone throws something out that is different that what you already know you get defensive.

Kid still has to get in, too. Just be sure to have some reasonable safety schools OP and don’t let your kid know how much you want them to go to this specific school.

Haha, it’s kid that wants to go to that school not me and as of right now he won’t be applying as nothing in this conversation or any research I’ve done has yet convinced me it’s worth the cost.

And do you not think that most people spend more than 25 percent of their net worth on college? I mean normal people. Not DCUM rich.

No most people who don't have college saved for find the most affordable place. They search for merit, kid takes max fed loans $5.5k per year and kid works summers/breaks /10hr per week in school to earn $10K towards school. And then they attend the place that gives good merit or fa. But that's 15k the kid has and if they attend a place that is $30k parents only need to help with 15k per year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP - why are you asking for advice, you clearly don’t want it. Is it a humblebrag and you do not like that more people are not impressed with you?

You have your life figured out the way you want it. You are happy living on 100K/year. You have a housing you are happy with at a reasonable price, etc, etc.

You seem bound and determined to convince people that you can afford to spend 25 percent of your liquid net worth on college for your kids but only if they get into An Ivy and you can understand the value of it. Bully for you.

We cannot possibly answer that question for you as it is personal and a function of your values and anytime someone throws something out that is different that what you already know you get defensive.

Kid still has to get in, too. Just be sure to have some reasonable safety schools OP and don’t let your kid know how much you want them to go to this specific school.

Haha, it’s kid that wants to go to that school not me and as of right now he won’t be applying as nothing in this conversation or any research I’ve done has yet convinced me it’s worth the cost.

And do you not think that most people spend more than 25 percent of their net worth on college? I mean normal people. Not DCUM rich.

No most people who don't have college saved for find the most affordable place. They search for merit, kid takes max fed loans $5.5k per year and kid works summers/breaks /10hr per week in school to earn $10K towards school. And then they attend the place that gives good merit or fa. But that's 15k the kid has and if they attend a place that is $30k parents only need to help with 15k per year

Those families are DEFINITELY spending more than 25% of their net worth on college! Seems you don’t understand at all how the other half lives. If your net worth is $10k or less and you are spending $25k a year on college that’s more than 25% of your net worth. Welcome to the real world!