You WASP elites and your stupid Acronym! Pomona isn't even an elite school. |
It’s not about being rich or poor. It’s about college affordability. Even at $300k income Princeton (most generous Ivy) cost with aid comes to $50k per year. That’s $200k+ for an undergrad degree for ONE child. That’s still too much if you’re in HCOL area family of 5 earning $300k (and didn’t start at $300k 10+ years ago). It used to be a student could work their way through college. That is no longer true. It’s out of control and fueled by parents who are willing to pay literally anything to have a prestigious bumper sticker on their Volvo. And let’s not forget about easy govt loans … the Parent Plus loan crisis is coming… |
| Never change, DCUM, never change. Thanks again to OP for bringing this to the sunlight. My popcorn is tasty! |
DP. No, but I can name about 70 within the T100 (including LACs) that do. |
I actually wasn’t making the point that it would be easier to get into college from there. I should have used the word simpler instead. In many places in this country, going to a state school is the norm and many families don’t consider anything else. So, when it comes to applying to college, it’s an easier, simpler process and there’s not all the insanity you have in the big cities and their suburbs. |
You clearly don’t know the net worth of the vast majority of folks who have had a family member diagnosed with cancer. (You can’t possibly be serious with this comment, right?) |
If people like you lived in those simple places you would bring your neuroses with you. Don’t blame “bid cities” for your behavior. |
This is a strange comment. I assume the $20MM net worth has great insurance coverage…and if you don’t you enroll in the super platinum plan the next year. |
NP. Hahahahahaha. You really think wealth and excellent private schools are a disadvantage? Your entitlement is on full display here. SMH |
Of course I have. That is precisely what health insurance is for. Do you think the way wealthy people deal with cancer is by spending 20MM out of pocket on treatment? Because... it's not. |
DP. What? On 300k income, you can easily afford that. We are on under 150k and could afford that (we saved for each kid). Agree with the PP, but, for most schools in that bracket, it's more like free tuition under 150k. Mine also in at 3 T15s a couple years ago. Initial COA was 40k, and we don't have a ton of assets. We were able to negotiate a better deal at kid's top choice with a more generous offer from an LAC. I have noticed that aid has gotten more generous over the past 3 years, though. |
DP. I am at a loss to understand how the word "striving" has become a derogatory term. Same with the terms "try-hard" and other terms like that. It reminds me of when Ogre screams NEEEERDS! in the movie. The value of education (in confucian communities at least) is associated with social mobility. What is shameful about social striving? Are we supposed to "know out place" and pursue the same career as our fathers? I see this attitude among a lot of Americans. The attitude that the circumstances of birth either cannot be overcome or are so difficult to overcome that it is not worth the effort. Many Americans seem to believe IQ is an immutable trait determined at birth. Many Asians think it is plastic and can be improved through effort. Many Americans believe that social mobility is practically dead in America. Many Asians are amazed at how much social mobility is possible in America with the application of effort. Is this just something the upper classes want to instill in lower classes to preserve their position or people really believe that social mobility is neither possible nor desirable because that would be "striving" |
OP here. It actually makes sense to me that a wealthy person would want their kid to study hard and have a good career. Work is essential to mental health and yes, $20MM can be wasted. But that kid could be happy with a teaching degree from a state school as much as an MBA and I banking career. |
I've seen people's personalities change with their surroundings. Midwestern types becoming neurotic in big cities Big city types becoming centered in the midwest. |
OP here. Striving is great! Self-motivated high achieving kids are awesome! What I am noting here is not striving (or even Tiger parenting, which is a whole different subject). It’s parents SO fixated on the small substantive differences between schools that they loose sight of the fact that their kid is blessed with great prospects no matter where they go to college. If you send your kid to private schools (or elite publics), they have solid grades, have money for full pay tuition, kids will inherit money and/or get some help with that first down payment - they are going to be JUST FINE even if they go to State College instead of Brown. |