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

[Anonymous]

Anonymous wrote:

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.

How can a family making 150-200k afford a $90k/year school? That's dumb

[Anonymous]

It's going to make flagship state schools even more competitive.

[Anonymous]

Going to college the DCUM way, in which Larla isn’t expected to contribute a dime & in which food, rent, tuition, sorority dues, transportation, books, study abroad and spring break trips are paid for entirely by the Bank of Mom and Dad is pricy indeed!

[Anonymous]

I honestly don't think so it will ever affect the quality of pool of students. Like many have said the demographics at these expensive schools will change but quality would not.

So more international, celebrity & rich kids. specially the ones that want to return back to their home country to join dad's business or son/daughters of Indian actors for example. They will subsidize the fees for very smart kids who qualify for need based aid.

Then there will be families who have sacrificed many many years on vacations, and quality of life to pay for kids education (read lots of MC/UMC families especially Asian immigrants who value education highly)

And then finally, families who go under massive debt to pay for the kids education.

I think what would change, are the employers and grad school admissions POV- kids in mid ranked school will not be penalized. There is growing awareness and acceptance that top kids don't always end up at top ranked schools because of many factors 1) cost and 2) Diversity 3) Competitive majors 4) Just the overall lottery. That doesn't mean these kids are less capable than Ivy league kids

[Anonymous]

Anonymous wrote:I honestly don't think so it will ever affect the quality of pool of students. Like many have said the demographics at these expensive schools will change but quality would not.

So more international, celebrity & rich kids. specially the ones that want to return back to their home country to join dad's business or son/daughters of Indian actors for example. They will subsidize the fees for very smart kids who qualify for need based aid.

Then there will be families who have sacrificed many many years on vacations, and quality of life to pay for kids education (read lots of MC/UMC families especially Asian immigrants who value education highly)

And then finally, families who go under massive debt to pay for the kids education.

I think what would change, are the employers and grad school admissions POV- kids in mid ranked school will not be penalized. There is growing awareness and acceptance that top kids don't always end up at top ranked schools because of many factors 1) cost and 2) Diversity 3) Competitive majors 4) Just the overall lottery. That doesn't mean these kids are less capable than Ivy league kids

You are living in dream land.

All of these “problems” existed when I was applying to schools in 2002 and employers didn’t care then. They won’t care about your kids either. You’re just surprised because you’re downwardly mobile.

[Anonymous]

Anonymous wrote:I honestly don't think so it will ever affect the quality of pool of students. Like many have said the demographics at these expensive schools will change but quality would not.

So more international, celebrity & rich kids. specially the ones that want to return back to their home country to join dad's business or son/daughters of Indian actors for example. They will subsidize the fees for very smart kids who qualify for need based aid.

Then there will be families who have sacrificed many many years on vacations, and quality of life to pay for kids education (read lots of MC/UMC families especially Asian immigrants who value education highly)

And then finally, families who go under massive debt to pay for the kids education.

I think what would change, are the employers and grad school admissions POV- kids in mid ranked school will not be penalized. There is growing awareness and acceptance that top kids don't always end up at top ranked schools because of many factors 1) cost and 2) Diversity 3) Competitive majors 4) Just the overall lottery. That doesn't mean these kids are less capable than Ivy league kids

I wish, but then you see CNBC money articles that make the general public think that top privates give enough financial aid to anyone who needs it. Which is completely untrue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

How can a family making 150-200k afford a $90k/year school? That's dumb

They can't. People on here just like to dump on people who make more money than they do, w/ no clue to how far that money goes or what their personal situation is.

[Anonymous]

At a lot of these expensive city schools like UCLA OOS, USC, NYU etc what you’re really paying for is getting a foothold in that city if you want to settle in it post graduation.

[Anonymous]

Anonymous wrote:At a lot of these expensive city schools like UCLA OOS, USC, NYU etc what you’re really paying for is getting a foothold in that city if you want to settle in it post graduation.

I mean… you’re also just paying to live in a VCOL city. The school only controls tuition, not all the things that go into COA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:At a lot of these expensive city schools like UCLA OOS, USC, NYU etc what you’re really paying for is getting a foothold in that city if you want to settle in it post graduation.

I mean… you’re also just paying to live in a VCOL city. The school only controls tuition, not all the things that go into COA.

Tuition is based on cost of labor, building maintenance, salaries, shuttle bus costs etc

[Anonymous]

Anonymous wrote:

Anonymous wrote:At a lot of these expensive city schools like UCLA OOS, USC, NYU etc what you’re really paying for is getting a foothold in that city if you want to settle in it post graduation.

I mean… you’re also just paying to live in a VCOL city. The school only controls tuition, not all the things that go into COA.

Would be much cheaper to just give your kid money to move to NYC or LA

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

How can a family making 150-200k afford a $90k/year school? That's dumb

They can't. People on here just like to dump on people who make more money than they do, w/ no clue to how far that money goes or what their personal situation is.

Why can’t you just live like someone who only makes $100k for the 4 years prior to college plus 4 years of college plus 4 years after college? On 200k HHI that would yield $720k after tax.

[Anonymous]

Anonymous wrote:I honestly don't think so it will ever affect the quality of pool of students. Like many have said the demographics at these expensive schools will change but quality would not.

So more international, celebrity & rich kids. specially the ones that want to return back to their home country to join dad's business or son/daughters of Indian actors for example. They will subsidize the fees for very smart kids who qualify for need based aid.

Then there will be families who have sacrificed many many years on vacations, and quality of life to pay for kids education (read lots of MC/UMC families especially Asian immigrants who value education highly)

And then finally, families who go under massive debt to pay for the kids education.

I think what would change, are the employers and grad school admissions POV- kids in mid ranked school will not be penalized. There is growing awareness and acceptance that top kids don't always end up at top ranked schools because of many factors 1) cost and 2) Diversity 3) Competitive majors 4) Just the overall lottery. That doesn't mean these kids are less capable than Ivy league kids

This has always been the case. Not many living in Nebraska making $75K/year are even thinking of attending T20 schools. 30 years ago many smart kids went to UVA/Tech/UMD simply because it was what was affordable---go there, join the honors program if you are "t20 material" and get a great education for debt free. Grad schools have always accepted kids from non-elite undergrads. Most people do NOT want to go into major debt for college

[Anonymous]

Anonymous wrote:

Anonymous wrote:I honestly don't think so it will ever affect the quality of pool of students. Like many have said the demographics at these expensive schools will change but quality would not.

So more international, celebrity & rich kids. specially the ones that want to return back to their home country to join dad's business or son/daughters of Indian actors for example. They will subsidize the fees for very smart kids who qualify for need based aid.

Then there will be families who have sacrificed many many years on vacations, and quality of life to pay for kids education (read lots of MC/UMC families especially Asian immigrants who value education highly)

And then finally, families who go under massive debt to pay for the kids education.

I think what would change, are the employers and grad school admissions POV- kids in mid ranked school will not be penalized. There is growing awareness and acceptance that top kids don't always end up at top ranked schools because of many factors 1) cost and 2) Diversity 3) Competitive majors 4) Just the overall lottery. That doesn't mean these kids are less capable than Ivy league kids

You are living in dream land.

All of these “problems” existed when I was applying to schools in 2002 and employers didn’t care then. They won’t care about your kids either. You’re just surprised because you’re downwardly mobile.

+1 As long as hiring managers care, then the school name matters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

How can a family making 150-200k afford a $90k/year school? That's dumb

By living like someone who would qualify for aid.