Donut hole reality

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People say that, but for certain majors it absolutely matters whether the college is elite or not.

Even if that's true, why is anyone "entitled" to it?

Because as we all learned in Animal Farm, “all animals are equal, but some are more equal than others”

Completely irrelevant when it comes to luxury goods.

But they're not luxury good. Unfortunately only a few specific colleges give you access to certain high-end jobs. They're more like gatekeepers that are price gouging for access.

Does your kid want the high-end job, or do you want it for them?

Not PP, but that's not the point, and you're moving the goal post.

The point is that access to certain jobs is limited to graduates of elite schools, which makes such schools more than a "luxury good." We are not talking about a Ferrari.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People say that, but for certain majors it absolutely matters whether the college is elite or not.

Even if that's true, why is anyone "entitled" to it?

Because as we all learned in Animal Farm, “all animals are equal, but some are more equal than others”

Completely irrelevant when it comes to luxury goods.

But they're not luxury good. Unfortunately only a few specific colleges give you access to certain high-end jobs. They're more like gatekeepers that are price gouging for access.

But those high end jobs are, themselves, luxuries.

How so?

[Anonymous]

Anonymous wrote:$719k is what it takes to be in top 5% in DC. People making $300k here definitely feel MC and it’s tough with more than 1 kid.

We make way less than that and are no way middle class. It’s all about lifestyle choices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People say that, but for certain majors it absolutely matters whether the college is elite or not.

Even if that's true, why is anyone "entitled" to it?

Because as we all learned in Animal Farm, “all animals are equal, but some are more equal than others”

Completely irrelevant when it comes to luxury goods.

But they're not luxury good. Unfortunately only a few specific colleges give you access to certain high-end jobs. They're more like gatekeepers that are price gouging for access.

But those high end jobs are, themselves, luxuries.

How so?

A high end finance job is something that isn't necessary, and that's expensive to acquire, and that's associated with great comfort and extravagance. That's pretty much the definition of a luxury.

And yes, it costs a lot of money to get one.

[Anonymous]

Access to the most lucrative jobs were once reserved for connected white men who were part of an old boys’ club (that often started in college). Sounds like a lot of folks here are cool with that.

[Anonymous]

Anonymous wrote:Access to the most lucrative jobs were once reserved for connected white men who were part of an old boys’ club (that often started in college). Sounds like a lot of folks here are cool with that.

I thought the complaint here was that "unhooked" well to do white students whose parents chose second homes and luxury cars, were losing opportunities to kids with average family incomes whose parents valued education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Access to the most lucrative jobs were once reserved for connected white men who were part of an old boys’ club (that often started in college). Sounds like a lot of folks here are cool with that.

I thought the complaint here was that "unhooked" well to do white students whose parents chose second homes and luxury cars, were losing opportunities to kids with average family incomes whose parents valued education.

It’s been said multiple times that people are not picking between luxury cars and a pricey college education. But keep telling yourself that…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People say that, but for certain majors it absolutely matters whether the college is elite or not.

Even if that's true, why is anyone "entitled" to it?

Because as we all learned in Animal Farm, “all animals are equal, but some are more equal than others”

Completely irrelevant when it comes to luxury goods.

But they're not luxury good. Unfortunately only a few specific colleges give you access to certain high-end jobs. They're more like gatekeepers that are price gouging for access.

But those high end jobs are, themselves, luxuries.

How so?

A high end finance job is something that isn't necessary, and that's expensive to acquire, and that's associated with great comfort and extravagance. That's pretty much the definition of a luxury.

And yes, it costs a lot of money to get one.

So why did non-white people fight so hard to break into those jobs if they're just useless luxuries? Let me guess, you think a woman in the White House is also not necessary?

[Anonymous]

How in the world did you make the logical leap from PP's definition "something that isn't necessary" to "useless"?

[Anonymous]

Anonymous wrote:At least 1/4 is room & board, but it's still expensive.

Hope she saved some money attending public K-12. I rather invest in private college over white-flight "elite" private K-12.

Yes, and there is a huge difference in room and board based on location, and it really makes a difference in actual cost to attend.

[Anonymous]

Anonymous wrote:My god— my niece paid $100k freshmen year to attend Boston College.

It’s not very different from Georgetown or any of the SLACs.

My child has been accepted to some very adjective universities (5-6%%) acceptance rate—but paying $70k more per year over the very good VA public university seems ludicrous.

This is the point we have come to in higher education. A $400k undergrad degree?

BC does not cost 100k so they are including a lot of extra spending on food and social. Mine are at ivies and it has been 80-86k each year. Not counting the very minimum we give for extra food because our food budget and high school EC budget has gone way down. UVA Engineering is $55k esp once upperclass and mcIntyre is more like 60k, so 85k is not that much more to get a world class T10ranked university/ivy. Why anyone would do BC over William and Mary or uva is interesting but they must have their reasons. Some people saved up and run a tight budget to be able to do $85 and eventually $95k. To each their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Access to the most lucrative jobs were once reserved for connected white men who were part of an old boys’ club (that often started in college). Sounds like a lot of folks here are cool with that.

I thought the complaint here was that "unhooked" well to do white students whose parents chose second homes and luxury cars, were losing opportunities to kids with average family incomes whose parents valued education.

Yeah - no luxury cars or second homes in our two gov't salary household. But we fall well outside the cutoff for financial aid. We have decent retirement savings and home equity and some college savings. It will be a stretch if DC wants to go to the 90K/year school without any merit to take the sting out. We'll either take loans from retirement or home and have some cash flow along with $100K in college savings. I don't fault anyone getting help going to college - and I think it's crazy that people are yelling at each other for whether they should get money or not. No one should be shut out of college - and no one should be guaranteed a $100K degree. That said, some amount of support would be nice.

[Anonymous]

^ you mean a $400k degree

And the policies that got schools to be able to charge that amount—loan industry, etc. should be the ones taking the heat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Access to the most lucrative jobs were once reserved for connected white men who were part of an old boys’ club (that often started in college). Sounds like a lot of folks here are cool with that.

I thought the complaint here was that "unhooked" well to do white students whose parents chose second homes and luxury cars, were losing opportunities to kids with average family incomes whose parents valued education.

It’s been said multiple times that people are not picking between luxury cars and a pricey college education. But keep telling yourself that…

Donut hole are. They are making expensive life choices instead of saving.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My god— my niece paid $100k freshmen year to attend Boston College.

It’s not very different from Georgetown or any of the SLACs.

My child has been accepted to some very adjective universities (5-6%%) acceptance rate—but paying $70k more per year over the very good VA public university seems ludicrous.

This is the point we have come to in higher education. A $400k undergrad degree?

BC does not cost 100k so they are including a lot of extra spending on food and social. Mine are at ivies and it has been 80-86k each year. Not counting the very minimum we give for extra food because our food budget and high school EC budget has gone way down. UVA Engineering is $55k esp once upperclass and mcIntyre is more like 60k, so 85k is not that much more to get a world class T10ranked university/ivy. Why anyone would do BC over William and Mary or uva is interesting but they must have their reasons. Some people saved up and run a tight budget to be able to do $85 and eventually $95k. To each their own.

But UVA Arts & Sciences (the largest college) is only $37. It's disingenuous to keep
trotting out the engineering numbers. USC is now $93k (as is my Ivy). Thats an enormous delta of $56k in after-tax dollars per year. We saved from birth for two and it still wasnt enough for two in private near the same time. I thank the Commonwealth every day for the great public high schools and colleges that we have.