More than ROI to consider, especially now

[Anonymous]

I'm not sure whether to laugh at this post or gag.....its just so stupid I can't even.

[Anonymous]

Anonymous wrote:This is the most singularly stupid post I’ve ever read on so many levels. Who cares about your anecdote. A life time of college debt is debilitating.

??? If parents are full-pay then their kids don't have debt. That's the whole thing. There is a whole set of us who are fully paying our kids college expenses. You're seeing $70k. I hate to break it to you but that's not the whole cost. I'm seeing at least $100k a year per kid by the time I add in travel (the kid's travel plus our travel to visit the kid), a car and then annual expenses, books, spending money, clothing expenses, greek expenses if the kid is in a sorority or fraternity, etc.

If you're paying your own way then you need to make more frugal choices. If your parents are paying then you make your choices based on their directives.

No kid in our family has a lifetime of college debt and they are fortunate enough to be able to attend the college of their choice because their father and I worked hard to make sure that would be their option. Is that the experience for every college student? No. But it is the experience for the college experience for the kids in our family.

[Anonymous]

Anonymous wrote:OP’s point is very obvious but is getting lost among ROI people. Not everything in life is about ROI.

Having a kid is the worst ROI experience, ever. They are a resource sink. If all you care about is ROI, your best decisions are, 1) not getting married; and 2) not having kids. Life’s ROI problem solved.

I’m not sure if small private schools, or even small, selective, rich private schools, are all better at handling Covid than big public universities.

But the health of our children actually has an obvious financial value. Say, an average of $3 million to $5 million in 2021 dollars, simply in terms of future earnings. Maybe 50 percent more than that if you include cleaning, parenting and other family services provided without cash compensation. Maybe $30 million to $50 million if you include our kids’ value to their employer, assuming the value of earnings is about 10 percent of the value the kids generate for the employers.

So, saving $250,000 on tuition by going with a reckless in-state public may not be a great deal, financial ROI for society wise, if you think there might be a 1 percent chance it will ruin your kid’s ability to work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP’s point is very obvious but is getting lost among ROI people. Not everything in life is about ROI.

Having a kid is the worst ROI experience, ever. They are a resource sink. If all you care about is ROI, your best decisions are, 1) not getting married; and 2) not having kids. Life’s ROI problem solved.

I’m not sure if small private schools, or even small, selective, rich private schools, are all better at handling Covid than big public universities.

But the health of our children actually has an obvious financial value. Say, an average of $3 million to $5 million in 2021 dollars, simply in terms of future earnings. Maybe 50 percent more than that if you include cleaning, parenting and other family services provided without cash compensation. Maybe $30 million to $50 million if you include our kids’ value to their employer, assuming the value of earnings is about 10 percent of the value the kids generate for the employers.

So, saving $250,000 on tuition by going with a reckless in-state public may not be a great deal, financial ROI for society wise, if you think there might be a 1 percent chance it will ruin your kid’s ability to work.

This is brilliant satire. Bravo!

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is the most singularly stupid post I’ve ever read on so many levels. Who cares about your anecdote. A life time of college debt is debilitating.

So true. An uber to CVS is so much cheaper than SLAC debt after four years. If you can easily pay that tuition, have at it but if your kid would struggle with loans, no way. I'm eternally grateful that I went to my state flagship and came out with no undergrad loans. I did pay for law school and can't imagine what life would've been like had I paid for both undergrad + grad.
Uber to CVS all the way.

Who the hell pays $70,000/yr for 3 years to become an ambulance chaser?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is the most singularly stupid post I’ve ever read on so many levels. Who cares about your anecdote. A life time of college debt is debilitating.

So true. An uber to CVS is so much cheaper than SLAC debt after four years. If you can easily pay that tuition, have at it but if your kid would struggle with loans, no way. I'm eternally grateful that I went to my state flagship and came out with no undergrad loans. I did pay for law school and can't imagine what life would've been like had I paid for both undergrad + grad.
Uber to CVS all the way.

Who the hell pays $70,000/yr for 3 years to become an ambulance chaser?

What is your problem? People can do what they want with their money and time. You have a problem. All you can see is the $. I pity you for your short-sightedness.

(DP)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is the most singularly stupid post I’ve ever read on so many levels. Who cares about your anecdote. A life time of college debt is debilitating.

So true. An uber to CVS is so much cheaper than SLAC debt after four years. If you can easily pay that tuition, have at it but if your kid would struggle with loans, no way. I'm eternally grateful that I went to my state flagship and came out with no undergrad loans. I did pay for law school and can't imagine what life would've been like had I paid for both undergrad + grad.
Uber to CVS all the way.

Who the hell pays $70,000/yr for 3 years to become an ambulance chaser?

What is your problem? People can do what they want with their money and time. You have a problem. All you can see is the $. I pity you for your short-sightedness.

(DP)

You don’t see a problem of the ambulance chaser PP spending $70,000/yr - yet, criticizes others who spend $70,000 for their kids? Does the ambulance chaser think we don’t have enough ambulance chasers in this country?