Not necessarily. |
$450k is a huge amount of money and you can easily afford it. |
So many Fortune X companies have a large remote workforce now. Digital nomads are all over the place. |
Eh. I know several people who make a little more but since they have 2-4 kids, they turned down some expensive schools and went to good state schools instead. They had to in order to get all the kids through. You have to be pretty young to not understand how quickly even good salaries go when you’re raising a family in a HCOL area. No adult thinks it’s “easy” to suddenly lose 1/4 of after tax your income. We make a little less and drive old, used cars, rarely eat out, and vacation once every 3-5 years. No fancy clothes. Plenty of Craigslist furniture in my house. Still not living a fantasy life some of you imagine. Not everyone bought a house 20 years ago or got to refinance at 2%. But as it’s been pointed out already, pp was taking about admissions and you’re harping on money. This article was about admissions. We’re not needy enough to warrant a leg up, and not rich enough to benefit the schools. Dead zone. Our kids compete for leftover spots which is why they often end up at the honors college at a mid-ranked state U. |
+1 our hhi is about $280k. We could pay for expensive private for 2 kids but it would seriously impact our retirement and qol. For the most part, expensive colleges aren't worth it unless you are talking about T10 for non STEM majors. |
Then you didn't read the article carefully. It said nothing about families making $450K being at an admissions disadvantage. |
Go ahead and apply then, wise guy. No doubt you’re the same guy who for some unknown reason accused people participating in this conversation as taking a single article as “gospel “. Conversations are hard . Especially for bots. |
| Are families making $450K at an admissions disadvantage or not? It's a simple question. |
DP: if you read the actual study, $450k families have the same chance of admissions as the bottom 20th. |
But a higher chance than every other income level except the top 0.1 percent. Or did you want to leave that detail out on purpose? https://opportunityinsights.org/wp-content/uploads/2023/07/CollegeAdmissions_Nontech_Figure3.pdf |
At that income they can live comfortably and save. Screaming poverty is absurd. Having that many kids is a lifestyle choice. Where is all your money going? |
If they are living in an expensive area, there are going to be more kids applying to the same school so that is the disadvantage. |
No one is screaming poverty, drama queen. |
The cited study is relying on hard evidence, and you're relying on...feelings. |
If you have 300-500 similar kids at a wealthier school, those schools are only going to a lot so many spaces to each school so you are better off at a less wealthier school where you will stand out more. Think about it. You think UMD or UVA, for example (forget the top t20) is going to take every child who is technically qualified per grades and activities? Of course not. They will take a certain amount from each school. So, your chances are greater if you have less competition. |