How much would you have to make to be comfortable spending $40,000 on a college consultant?

[Anonymous]

would have to be a top 25 for that money - Bucknell or better!

[Anonymous]

Net worth would be the more relevant consideration for me.

[Anonymous]

Anonymous wrote:Enough to send your kid to a college that costs $90,000 a year

We send our kid to one that costs almost as much (84k) and could handled 90k/yr but nope — could not afford a 40k consultant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have a seven figure HHI and I would not consider paying anything like that.

Same. What exactly are you getting for that amount of money?

+1

[Anonymous]

If I could spend that on a consultant I wouldn't worry about my kid and college because I know she'd be fine no matter where she went. Because clearly I have money to cushion any hard landings.

[Anonymous]

There is nothing a counselor could do that is worth that kind of money. Signed a person that is regrettably spending 20k for what feels like nothing and a NW 20+ million.

[Anonymous]

Anonymous wrote:We have a seven figure HHI and I would not consider paying anything like that.

+2
We’re at 1.5m (though we have multiple kids) and wouldn’t consider it.

[Anonymous]

You would have to be a very stupid person to spend $40k on a college consultant. Doesn't even matter how wealthy you are. What a fool's errand.

[Anonymous]

Anonymous wrote:Just saw it today, 300K for a college campus visit tour.
https://www.luxurytraveladvisor.com/private-jets/300k-luxury-college-admissions-tour-includes-private-jet-ivy-league-visits

Honestly, I don't think you will be getting any useful "guidance" from these counseling service if you are on a 40k budget. Whatever advices you got from them will be generic. Just self-study the application process.

And people are citing hypothetical examples excerpted from these counseling services' websites. LOL

[Anonymous]

Should have spent the money on the kid's education.

[Anonymous]

A bazillion + a gazillion. But even at that income/net worth, we'd probably pass.

[Anonymous]

Anonymous wrote:Net worth would be the more relevant consideration for me.

$30m+ NW.
We did application nation and essay coaches.

[Anonymous]

I would just have my kid get in on their own merits rather than pay someone else to do it for them.

[Anonymous]

Anonymous wrote:Should have spent the money on the kid's education.

Always thought the ratio of people spending five figures on tutoring etc on core academics to those spending the same amount on college counseling made no sense.

[Anonymous]

Anonymous wrote:We have a seven figure HHI and I would not consider paying anything like that.

Same. I would never.