colleges approaching $80-90k per year

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

[Anonymous]

ROI is inversely proportional to your payment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

Not about parents, kids don't have control over their finances, they just get penalized for parental finances.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

Not about parents, kids don't have control over their finances, they just get penalized for parental finances.

Sure, your kid who grows up in a home where the parents bring in $300K are "penalized". Forget about the privileged life they have lived up until they are 18 and all the advantages they have had over majority of the kids in the USA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

Not about parents, kids don't have control over their finances, they just get penalized for parental finances.

The kids that get penalized are the ones that can’t afford to go to UVa or UMD. The kids commuting to GMU.

[Anonymous]

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

Since OP is using $90k as the COA number rather than just tuition, if I’m using COA, several state schools cost that for instate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

For COA? If you’re instate for the following schools: Pitt, Penn State, Temple, UMass Amherst, Rutgers, URI, UVM, UNH, U of Maine of the top of my head. W&M and UVa if you don’t get FA.

[Anonymous]

Anonymous wrote:same! State schools should be supported by tax payer dollars and go back to being bare bones amenities wise and be affordable enough that an 18 year old working part time can afford it without loans (waiting tables, etc.. should earn enough money that you can live with roommates and afford tuition) State legislatures cut funding for the university systems in 2008 and never readjusted b/c parents were willing to pay.

I would rather my kid had grody furniture and concrete flooring for 4 years than $1000s of dollars in debt for 30 years. Its good life lesson, you live a lifestyle you can afford and dont go into debt for lifestyle upgrades and you have to hustle to make it. sure it is unfair that some people who are just as deserving as you have more money and luxuries b/c they lucked out on the parental lottery that way but there is no real proven economic system to address that properly. indentured servitude servicing debt for 4 years of undergrad is NOT the answer.

To be fair, GOP legislatures started cutting money to their public state schools prior to 2008, though that financial crisis was certainly a catalyst for more states to do so.

That aside, I largely agree with you. Both our DCs at LACs with no opt out into high end dorm living. But friends with kids at Big 10 schools held the line and opposed those ritzy dorms, telling their kids to suck it up and go to school like most kids who have the good fortune to go to college do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

My kid is in middle school. By the time they apply, instate will be 50k/year

Probably not- states don't raise their tuition at as high as percentage as these private schools do. I have one at each and the increase of tuition at the private school is insane, even with today's inflation. They are not accountable to elected officials.

UVA College of Engineering is already over 45K/year all-in. I would not be surprised that it will be over 50K/year in a few years.

[Anonymous]

Anonymous wrote:No.

It is the high price that makes it worthwhile.

As you say, knowledge is free. Between the internet and the library you can access pretty much everything for zero cost. That is not what college is about.

It is a) a signal to employers that you had a good enough combination of intelligence, money and background to be admitted, and b) it is about the contacts you make there.

The contacts you make in place that charges $100 k a year are going to be far wealthier, and therefore far likelier to succeed, because they have every advantage already, than the contacts you will make in a place that charges $10k a year.

It is simply a way for the elites to perpetuate themselves. Nothing to do with education.

And let's not pretend we don't love it for that very reason. I don't know how my kids would fare if they were born into a working class family in West Virginia or Detroit. And, thanks to the US plutocratic system, I am never going to have to find out.

How many people can take advantage of that? Probably VERY few.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

My kid is in middle school. By the time they apply, instate will be 50k/year

UMD tuition is 11K per year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

My kid is in middle school. By the time they apply, instate will be 50k/year

UMD tuition is 11K per year.

Rent is $16k/year with roommates

[Anonymous]

Anonymous wrote:No.

It is the high price that makes it worthwhile.

As you say, knowledge is free. Between the internet and the library you can access pretty much everything for zero cost. That is not what college is about.

It is a) a signal to employers that you had a good enough combination of intelligence, money and background to be admitted, and b) it is about the contacts you make there.

The contacts you make in place that charges $100 k a year are going to be far wealthier, and therefore far likelier to succeed, because they have every advantage already, than the contacts you will make in a place that charges $10k a year.

It is simply a way for the elites to perpetuate themselves. Nothing to do with education.

And let's not pretend we don't love it for that very reason. I don't know how my kids would fare if they were born into a working class family in West Virginia or Detroit. And, thanks to the US plutocratic system, I am never going to have to find out.

This is definitely an over-the-top post...however, folks do need to understand that the benefits of a top school really have little to do with the actual schooling. The differential equation class you take at Harvard won't be much different from the one at Penn State. You are going to Harvard for the network and you need to be comfortable in your own skin to pursue that network.

Look, 5% of the wealthy kids at Harvard will keep to themselves, join the most elite Final Club and won't give the time of day to anyone else. But 95% of kids from very wealthy families ($50MM+ net worth) actually will give you the time of day...and maybe they have more money than ideas and honestly they are seeking out the smart and hungry kids with ideas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No.

It is the high price that makes it worthwhile.

As you say, knowledge is free. Between the internet and the library you can access pretty much everything for zero cost. That is not what college is about.

It is a) a signal to employers that you had a good enough combination of intelligence, money and background to be admitted, and b) it is about the contacts you make there.

The contacts you make in place that charges $100 k a year are going to be far wealthier, and therefore far likelier to succeed, because they have every advantage already, than the contacts you will make in a place that charges $10k a year.

It is simply a way for the elites to perpetuate themselves. Nothing to do with education.

And let's not pretend we don't love it for that very reason. I don't know how my kids would fare if they were born into a working class family in West Virginia or Detroit. And, thanks to the US plutocratic system, I am never going to have to find out.

This is definitely an over-the-top post...however, folks do need to understand that the benefits of a top school really have little to do with the actual schooling. The differential equation class you take at Harvard won't be much different from the one at Penn State. You are going to Harvard for the network and you need to be comfortable in your own skin to pursue that network.

Look, 5% of the wealthy kids at Harvard will keep to themselves, join the most elite Final Club and won't give the time of day to anyone else. But 95% of kids from very wealthy families ($50MM+ net worth) actually will give you the time of day...and maybe they have more money than ideas and honestly they are seeking out the smart and hungry kids with ideas.

Not over the top. Basically the only candid thing I have read on this site about what college has become for the elite.