You do appreciate that "very poor" people are literally just trying to survive. It is maybe .01% of very poor people that are in a position to make their kids high achievers. |
Sounds like excuses. Our mortgage was $2200 as we knew we had to save for college. Fafsa should not care. |
Just pay for grad school. |
We will pay for grad school. I don’t understand why you would not. |
I only did private because my family was LMC/MC. That first year, I took 2650 in fed loans, 1325 in Work Study, and after Grants I owed $4K. I got a 16K grant. So Deal was I paid half and my parents paid half. The paid for books and I paid all other expenses (fun/entertainment/extras). So in my situation, the elite private was actually cheaper (or about same) as most in-state schools. And quite frankly, none of the instate schools were good at my double major (CS/engineering and Music performance)---I would have had to majorly sacrifice on the music wherever I went (I went to a Top 5 music school). |
I went to StonyBook in 1981 and annual Tuition was $950 a year.
In 2024 based off my parents income tuition is Zero. Not all places went up. |
Because it can easily be a bad decision that never pays off...in fact it has a negative opportunity cost. Why would you fund a bad decision that may end up with a worse life outcome? |
THIS^^^ If you can afford several $10K+ vacations a year, then you could have chosen to save for college. An extra $10-20K towards college savings left to compound over 10+ years goes far. Same if you drive a $60K car and get new ones every 5 years. You made a choice, but you could have instead chosen to put that extra $30K in to college savings. |
yes, nobody should be getting an MBA without first working 3-5 years. Law school and med school are different, but really law school, it would be beneficial to work a bit and make sure that's really what you want to do. |
I went to a CSU and commuted; I worked 20+hours per week to pay for it with a little bit of pell/cal grants. I was constantly tired and unhappy. I don't ever want that for my kids. But, tuition had more than doubled by the time I graduated (back in early 90s). College costs are insane. My niece also went to a CSU 10 years ago, on a loan. My single parent sibling couldn't afford it even though they were making more than my parents did way back when. College costs have way surpassed inflation, and wages haven't kept up with inflation let alone college costs. |
NP. Because we have a finite amount of resources, I want to retire and enjoy what is left of my life. I can afford to retire while I'm young and do the things on my bucket or fund my kids through their twenties while they pursue graduate degrees. I'll choose me on this one (after decades of putting them first). I gave my kids a debt-free undergrad. If they want to go to grad school, they'll need to choose wisely based on how it will benefit their career. |
What rubbish! Are we talking about people living in a waitron place that are just trying to survive? The "very poor" people in US are still doing alright. If you can speak, read and write English, and have access to a library - your kids can be enriched at home by you. If the parents are drug addicts, mentally sick and you are living in a cardboard box then they should not be having kids in the first place. |
How can very poor people be doing alright? They wouldn't be very poor if they were doing alright, no? Your comments reflect the values and ethic you think they should have, but not the values that 99.9% do have. |
Poor people typically live far from work and have to rely on public transport to get to work, which makes their commute even longer. In addition, to make ends meet, they might have multiple jobs. They don't have time to enrich their kids. |
Education is always a good decision. I have a masters, my spouse doesn't. They wish they got one. |