As schools near $100K/year when will that affect the pool of students?

[Anonymous]

The biggest victims are the middle class full pay family.

They are stuck with either instate colleges or full pay for OOS/privates.

Instate is is also getting expensive.
UVA is like 40K/yr

[Anonymous]

Anonymous wrote:
The biggest victims are the middle class full pay family.

They are stuck with either instate colleges or full pay for OOS/privates.

Instate is is also getting expensive.
UVA is like 40K/yr

or the many, many colleges that offer merit aid to make the cost more in line with instate public. Both my kids applied to VA public schools + some OOS publics and privates. No need aid. Only applied to schools that had potential to offer some merit. Most expensive ended up being about $50k, cheapest option was $17k. We're paying $25-$30k/year for each of them, one at a VA public and one at an OOS private.

[Anonymous]

Anonymous wrote:
The biggest victims are the middle class full pay family.

They are stuck with either instate colleges or full pay for OOS/privates.

Instate is is also getting expensive.
UVA is like 40K/yr

That’s what most kids are stuck with. Most low-income kids aren’t applying of getting into meets full need privates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
The biggest victims are the middle class full pay family.

They are stuck with either instate colleges or full pay for OOS/privates.

Instate is is also getting expensive.
UVA is like 40K/yr

That’s what most kids are stuck with. Most low-income kids aren’t applying of getting into meets full need privates.

This. Most low-income kids, if they go to college at all, go to community college or the closest public 4-year U to their home. Even high achieving low-income students who might be able to get full-need met at a highly selective school are prone to "under matching".

https://www.theatlantic.com/education/archive/2018/04/when-disadvantaged-students-overlook-elite-colleges/558371/

[Anonymous]

Anonymous wrote:Debt is OK

Rich people have debt, big corporations have debt, US Government have huge debt

Important thing is cash flow during and especially after graduation.

And no one can guarantee the cash flow after graduation. When you have little to no guarantee of return, it makes zero sense to take on such a huge debt. It also limits options after graduation as you're stuck with the student loan ball and chain.

No school is worth $400K. Not a single one.

the American public has been sold a lie and we idiotically keep chasing the prestige game. My kids will attend 4 years of in-state public. And they will be just fine.

[Anonymous]

USC is not for you & your kids. It’s for former child actors & lots of children of foreign royalty, presidents, Hollywood directors, NBA starters, luxury real estate moguls and so on.

It has never been a school for the common person & never will be.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Debt is OK

Rich people have debt, big corporations have debt, US Government have huge debt

Important thing is cash flow during and especially after graduation.

And no one can guarantee the cash flow after graduation. When you have little to no guarantee of return, it makes zero sense to take on such a huge debt. It also limits options after graduation as you're stuck with the student loan ball and chain.

No school is worth $400K. Not a single one.

the American public has been sold a lie and we idiotically keep chasing the prestige game. My kids will attend 4 years of in-state public. And they will be just fine.

+1000

My one kid is at a $80k full pay. But only because we have it saved in a 529 (and could cash flow even without that). But if we didn’t have the money readily available they would have chased Medit. Same kid had $41k Merit from a t50 that was their 2nd choice. If $$$ was an issue my kid would be at their excellent 2nd choice. Had we needed merit we could have found much more in the 50-100 level and would have done that. No school is worth debt.
I’m smart enough to recognize where you goes is not that important—my smart kids will succeed wherever they go because of their drive and determination. T20 is not needed to succeed. But starting out debt free or with minimal debt is huge for my kids future. You must make many different choices in your 20s if you owe over $2k in loans each month. My kid can take risks, take jobs they want in a hcol area—hard to do that with $1-2k in loan each month

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Debt is OK

Rich people have debt, big corporations have debt, US Government have huge debt

Important thing is cash flow during and especially after graduation.

And no one can guarantee the cash flow after graduation. When you have little to no guarantee of return, it makes zero sense to take on such a huge debt. It also limits options after graduation as you're stuck with the student loan ball and chain.

No school is worth $400K. Not a single one.

the American public has been sold a lie and we idiotically keep chasing the prestige game. My kids will attend 4 years of in-state public. And they will be just fine.

+1000

My one kid is at a $80k full pay. But only because we have it saved in a 529 (and could cash flow even without that). But if we didn’t have the money readily available they would have chased Medit. Same kid had $41k Merit from a t50 that was their 2nd choice. If $$$ was an issue my kid would be at their excellent 2nd choice. Had we needed merit we could have found much more in the 50-100 level and would have done that. No school is worth debt.
I’m smart enough to recognize where you goes is not that important—my smart kids will succeed wherever they go because of their drive and determination. T20 is not needed to succeed. But starting out debt free or with minimal debt is huge for my kids future. You must make many different choices in your 20s if you owe over $2k in loans each month. My kid can take risks, take jobs they want in a hcol area—hard to do that with $1-2k in loan each month

If money was an issue, that T50, even with 41k off would probably be out of reach

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Debt is OK

Rich people have debt, big corporations have debt, US Government have huge debt

Important thing is cash flow during and especially after graduation.

And no one can guarantee the cash flow after graduation. When you have little to no guarantee of return, it makes zero sense to take on such a huge debt. It also limits options after graduation as you're stuck with the student loan ball and chain.

No school is worth $400K. Not a single one.

the American public has been sold a lie and we idiotically keep chasing the prestige game. My kids will attend 4 years of in-state public. And they will be just fine.

+1000

My one kid is at a $80k full pay. But only because we have it saved in a 529 (and could cash flow even without that). But if we didn’t have the money readily available they would have chased Medit. Same kid had $41k Merit from a t50 that was their 2nd choice. If $$$ was an issue my kid would be at their excellent 2nd choice. Had we needed merit we could have found much more in the 50-100 level and would have done that. No school is worth debt.
I’m smart enough to recognize where you goes is not that important—my smart kids will succeed wherever they go because of their drive and determination. T20 is not needed to succeed. But starting out debt free or with minimal debt is huge for my kids future. You must make many different choices in your 20s if you owe over $2k in loans each month. My kid can take risks, take jobs they want in a hcol area—hard to do that with $1-2k in loan each month

If money was an issue, that T50, even with 41k off would probably be out of reach

Hence why I stated "if we really needed merit, we could have found much more in the 50-100 level and would have done that".

But the $41K puts it in the range of a UVA and W&M, and only $10K more than UMD. Proving that you can find good private schools that give merit and bring cost in line with State schools.

[Anonymous]

Just tell your child to get married.

Seriously.

This is the easiest loophole in the entire world and already being used.

[Anonymous]

Anonymous wrote:Just tell your child to get married.

Seriously.

This is the easiest loophole in the entire world and already being used.

This

[Anonymous]

Anonymous wrote:Just tell your child to get married.

Seriously.

This is the easiest loophole in the entire world and already being used.

Pretty sure that only works for FAFSA-only schools.

[Anonymous]

Anonymous wrote:USC is not for you & your kids. It’s for former child actors & lots of children of foreign royalty, presidents, Hollywood directors, NBA starters, luxury real estate moguls and so on.

It has never been a school for the common person & never will be.

All of the elite schools have rich ALDC kids, and they love to have those.
USCC is a relatively large school for a private. It has very diverse student body.

It has full of intelligent, hardworking, creative, motivated, independent normal kids.
Hence it's highly regarded in the real academic areas like engineering, CS, Marshall Business school, etc. as well as #1 in the world School of Cinematic Art.
My kid is one of those kids there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:USC is not for you & your kids. It’s for former child actors & lots of children of foreign royalty, presidents, Hollywood directors, NBA starters, luxury real estate moguls and so on.

It has never been a school for the common person & never will be.

All of the elite schools have rich ALDC kids, and they love to have those.
USCC is a relatively large school for a private. It has very diverse student body.

It has full of intelligent, hardworking, creative, motivated, independent normal kids.
Hence it's highly regarded in the real academic areas like engineering, CS, Marshall Business school, etc. as well as #1 in the world School of Cinematic Art.
My kid is one of those kids there.

Spending $95,000/year for a degree in Cinematic Art is the dumbest thing I’ve ever heard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:USC is not for you & your kids. It’s for former child actors & lots of children of foreign royalty, presidents, Hollywood directors, NBA starters, luxury real estate moguls and so on.

It has never been a school for the common person & never will be.

All of the elite schools have rich ALDC kids, and they love to have those.
USCC is a relatively large school for a private. It has very diverse student body.

It has full of intelligent, hardworking, creative, motivated, independent normal kids.
Hence it's highly regarded in the real academic areas like engineering, CS, Marshall Business school, etc. as well as #1 in the world School of Cinematic Art.
My kid is one of those kids there.

Spending $95,000/year for a degree in Cinematic Art is the dumbest thing I’ve ever heard.

It's in LA, it's actually one of the few schools well connected with the industry. So of anywhere to put money into a Cinematic art degree, USC is tops. If your kid really wants to work in Hollywood, this is how you get in.