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

[Anonymous]

Nothing. Parents are spending as much as $750k just for consulting/counseling, and even those former AOs who are making $$$$ doing this can’t guarantee admissions. It’s a huge cottage business. So, $400k for a bachelor’s degree is not an expensive deal.

[Anonymous]

Anonymous wrote:

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.

99.9% of people trying to get into the entertainment biz would be very lucky to even earn $95,000/year. Look at the writer’s strike going on right now.

Horrific investment unless your parents are literal multimillionaires. And I don’t care if my kid “really wants to work in Hollywood,” they’re not.

[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.

I personally agree, however everyone has different financial situation.
Multi-millionaire won't have a problem with the cost, and they would also buy $100K luxury cars, and it wouldn't be a dumb thing at all.

My kid got merit scholarship, so the cost is about $40K close to UVA instate for us.
Cinematic Art with Computer Science minor.
Looking into the fields such as game development, AR/VR, 3D animation/modeling, UX design, etc.
My kid lives in a honors dorm, and the kids around are very intelligent and independent.
Everything turned out great for my kid so far.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode.

There will always be wealthy smart students who can afford the elite schools. Just look at the elite HS in NYC where people pay $50K+/year. Same for all the elite boarding schools in the Northeast. People paying $75 k+ for a year of HS will have the money for college

Yes, there are rich people with smart kids, but my point is, if the smart but less rich kids are all choosing public universities, eventually, the "name brand" private colleges will be diluted with rich but less smart kids, and then what advantage will that name have? I mean, I don't see this happening soon, but as another PP pointed out, back in our day, UMD was an easy, guaranteed admit, and now it's coveted. Plus, Gen Z is just a lot smarter about not leaving college in debt.

You just described Harvard/Yale/Princeton for 300 years of their existence. They will be fine educating smart (but not the smartest) rich kids

Sorry to burst your bubble, but HYP offer the most generous financial aid of any elite private schools. If your kid can get in, they can go because HYP will make it happen. Poor and middle class kids go to HYP because HYP gives them money. Not the other elite private schools. None is so generous with FA.

Donut hole families (DMV) will get zero need based aid at HYP. Trust me on that. They have to be making less than $150k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode.

There will always be wealthy smart students who can afford the elite schools. Just look at the elite HS in NYC where people pay $50K+/year. Same for all the elite boarding schools in the Northeast. People paying $75 k+ for a year of HS will have the money for college

Yes, there are rich people with smart kids, but my point is, if the smart but less rich kids are all choosing public universities, eventually, the "name brand" private colleges will be diluted with rich but less smart kids, and then what advantage will that name have? I mean, I don't see this happening soon, but as another PP pointed out, back in our day, UMD was an easy, guaranteed admit, and now it's coveted. Plus, Gen Z is just a lot smarter about not leaving college in debt.

You just described Harvard/Yale/Princeton for 300 years of their existence. They will be fine educating smart (but not the smartest) rich kids

Sorry to burst your bubble, but HYP offer the most generous financial aid of any elite private schools. If your kid can get in, they can go because HYP will make it happen. Poor and middle class kids go to HYP because HYP gives them money. Not the other elite private schools. None is so generous with FA.

Donut hole families (DMV) will get zero need based aid at HYP. Trust me on that. They have to be making less than $150k.

Yeah that’s because they can afford to pay for it.

[Anonymous]

The Chinese will take the spots and pay it

[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.

So crazy. When I was applying to colleges a generation ago, we
knew it as USC— University of Spoiled Children—an expensive private school for rich kids who were mediocre students and couldn’t get into decent schools like Berkeley or Stanford. A regional university, very similar to NYU. How times have changed.

[Anonymous]

Anonymous wrote:Just read on another post that someone is paying $95K/year for USC.
Several kids from my kids' schools are starting there this fall.

I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year.
At what point will the price of some of these schools begin to effect the size of their applicant pool?
Either because people don't have the cash or say "that is insane--screw it".

In my donut-hole-y area, many students are going to school outside the United States.

I like the U.S. liberal arts approach and student support a lot better, but my son would have had to take out loans and earn a lot from student work even for us to send him to the state flagship. This way, he has less financial stress.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

99.9% of people trying to get into the entertainment biz would be very lucky to even earn $95,000/year. Look at the writer’s strike going on right now.

Horrific investment unless your parents are literal multimillionaires. And I don’t care if my kid “really wants to work in Hollywood,” they’re not.

It's a great investment for law partners, surgeons, portfolio managers... whose kids want to be a star. The kid goes to school, gets a respectable degree and either grows out of it along the way or at least has a shot to do something related to their dream.

[Anonymous]

Look folks, if we want our universities to have robustly staffed and growing DEI Departments then $100K/year is a small price to pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode.

There will always be wealthy smart students who can afford the elite schools. Just look at the elite HS in NYC where people pay $50K+/year. Same for all the elite boarding schools in the Northeast. People paying $75 k+ for a year of HS will have the money for college

Yes, there are rich people with smart kids, but my point is, if the smart but less rich kids are all choosing public universities, eventually, the "name brand" private colleges will be diluted with rich but less smart kids, and then what advantage will that name have? I mean, I don't see this happening soon, but as another PP pointed out, back in our day, UMD was an easy, guaranteed admit, and now it's coveted. Plus, Gen Z is just a lot smarter about not leaving college in debt.

You just described Harvard/Yale/Princeton for 300 years of their existence. They will be fine educating smart (but not the smartest) rich kids

Sorry to burst your bubble, but HYP offer the most generous financial aid of any elite private schools. If your kid can get in, they can go because HYP will make it happen. Poor and middle class kids go to HYP because HYP gives them money. Not the other elite private schools. None is so generous with FA.

Donut hole families (DMV) will get zero need based aid at HYP. Trust me on that. They have to be making less than $150k.

Again...completely untrue. Those schools offer aid up to $300k in HHI...at $150k you are getting a ton of aid (even for just one kid in college).

If you have significant assets, of course that factors into the calculation as well as HHI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just read on another post that someone is paying $95K/year for USC.
Several kids from my kids' schools are starting there this fall.

I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year.
At what point will the price of some of these schools begin to effect the size of their applicant pool?
Either because people don't have the cash or say "that is insane--screw it".

In my donut-hole-y area, many students are going to school outside the United States.

I like the U.S. liberal arts approach and student support a lot better, but my son would have had to take out loans and earn a lot from student work even for us to send him to the state flagship. This way, he has less financial stress.

Huh? I mean unless you are going to a free university in Germany and some other EU countries, you are not saving compared to your in-state flagship to go to Canada or the UK or any number of countries...unless you are a citizen of those countries (which maybe is the case?).

Also, if you need to take out loans to go to the state flagship, unfortunately, you are not donut-hole...you are MC in which case you would receive significant aid at Top 20 schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just read on another post that someone is paying $95K/year for USC.
Several kids from my kids' schools are starting there this fall.

I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year.
At what point will the price of some of these schools begin to effect the size of their applicant pool?
Either because people don't have the cash or say "that is insane--screw it".

In my donut-hole-y area, many students are going to school outside the United States.

I like the U.S. liberal arts approach and student support a lot better, but my son would have had to take out loans and earn a lot from student work even for us to send him to the state flagship. This way, he has less financial stress.

Huh? I mean unless you are going to a free university in Germany and some other EU countries, you are not saving compared to your in-state flagship to go to Canada or the UK or any number of countries...unless you are a citizen of those countries (which maybe is the case?).

Also, if you need to take out loans to go to the state flagship, unfortunately, you are not donut-hole...you are MC in which case you would receive significant aid at Top 20 schools.

It’s very hard to get into top 20 schools.

[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.

So crazy. When I was applying to colleges a generation ago, we
knew it as USC— University of Spoiled Children—an expensive private school for rich kids who were mediocre students and couldn’t get into decent schools like Berkeley or Stanford. A regional university, very similar to NYU. How times have changed.

That is 100% still the case re: USC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just read on another post that someone is paying $95K/year for USC.
Several kids from my kids' schools are starting there this fall.

I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year.
At what point will the price of some of these schools begin to effect the size of their applicant pool?
Either because people don't have the cash or say "that is insane--screw it".

In my donut-hole-y area, many students are going to school outside the United States.

I like the U.S. liberal arts approach and student support a lot better, but my son would have had to take out loans and earn a lot from student work even for us to send him to the state flagship. This way, he has less financial stress.

Huh? I mean unless you are going to a free university in Germany and some other EU countries, you are not saving compared to your in-state flagship to go to Canada or the UK or any number of countries...unless you are a citizen of those countries (which maybe is the case?).

Also, if you need to take out loans to go to the state flagship, unfortunately, you are not donut-hole...you are MC in which case you would receive significant aid at Top 20 schools.

It’s very hard to get into top 20 schools.

You would also likely receive good financial aid and possibly some merit at many schools in the 30-70 ranking. Mainly, you will get FA at many schools.