Is anyone else nervous - and angry- about having to spend so much for college in the face of AI, lack of any sort of

[Anonymous]

Anonymous wrote:Not college tuition, but deciding on private school for my kids. This is something I think about a lot, I think the education is way better at private schools but the money would be useful for my kids as adults. I worry about their (and even my) economic prospects as companies continue to cut jobs even while they’re profitable. Having a cushion for them may be more helpful than I once thought.

That’s one reason many students end up dropping out of college. The education no longer feels meaningful to them, yet they also don’t want to waste their parents’ investment. So once they land a job or secure funding for a startup, they often choose to leave school. Time to the market is so important now that job markets are shrinking

[Anonymous]

Anonymous wrote:Send your children to state schools. Have them study whatever interests them. Senior year they should apply to law enforcement jobs. That will solve the AI problem, plus they’ll earn more money than 90% of their friends.

My son is leaning towards this avenue.

[Anonymous]

If this is so, why not go with an affordable in state public university or a private that offers merit aid, then?

[Anonymous]

Anonymous wrote:If this is so, why not go with an affordable in state public university or a private that offers merit aid, then?

I think that’s the coping mechanism many middle-class families are relying on right now. For households earning above $200K, merit aid remains quite limited. And I suspect tuition will continue to rise in the coming years. Many private schools will likely turn to full-pay international students.

[Anonymous]

I’m not convinced corporate loyalty was ever really as strong as people seem to believe.

[Anonymous]

Anonymous wrote:corporate loyalty to employees in our current state of affairs, etc.? I am seriously worried for my kids, and their long term financial stability. And frustrated at the amount that will be spent for their education with no guarantees.

And yes, I know some DCUM people will rush to smugly remark how college is about more than just ROI, or how *they* diligently saved in their 529 from before birth so it's NBD or how their dc is going to community college and then to state school and they are so smart and saving so much money, blah, blah... but the reality is that college is very expensive for most people, and certainly for many of the private college attendees who lurk on here. More and more highly educated people I know are saying they are starting to think it's all a scam.

Thoughts?

The sci fi writers of the cold war speculated what would happen when wealth was primarily being generated independent of human effort.
Once everything is automated and human effort is no longer responsible for production, that is when Marx's theories start to make sense.
Universal basic income and the nationalizing of personal assets and everyone gets more than they need.
Teaching your kids to survive in that world sounds like a nightmare.

[Anonymous]

Anonymous wrote:Go pre-med, then med school and get a job in emergency medicine in a big city.

You have AI proofed yourself.

You are also extremely important in the coming apocalypse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Go pre-med, then med school and get a job in emergency medicine in a big city.

You have AI proofed yourself.

You are also extremely important in the coming apocalypse.

If they are willing to take care of sick people for free for sure

[Anonymous]

Not spending a lot at all. DC got 30 credits transferred to Nova and finished another 10 by end of October. He is hoping to transfer to GM where one year costs $15k I believe.
He is working already and makes about $20k a year. He has no expenses. I'm paying for his college.
He will use his money to invest. I have BA in finance.
Younger kid has an inheritance. Absolutely not using the money for college. I'd use it only if he wanted to become a doctor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not college tuition, but deciding on private school for my kids. This is something I think about a lot, I think the education is way better at private schools but the money would be useful for my kids as adults. I worry about their (and even my) economic prospects as companies continue to cut jobs even while they’re profitable. Having a cushion for them may be more helpful than I once thought.

That’s one reason many students end up dropping out of college. The education no longer feels meaningful to them, yet they also don’t want to waste their parents’ investment. So once they land a job or secure funding for a startup, they often choose to leave school. Time to the market is so important now that job markets are shrinking

The education is meaningful, but you don't need to pay a school for it anymore, thanks in part to all that AI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Send your children to state schools. Have them study whatever interests them. Senior year they should apply to law enforcement jobs. That will solve the AI problem, plus they’ll earn more money than 90% of their friends.

My son is leaning towards this avenue.

Good for him. Tell him I said thank you for seriously considering it. We need more law enforcement officers.

[Anonymous]

Anonymous wrote:corporate loyalty to employees in our current state of affairs, etc.? I am seriously worried for my kids, and their long term financial stability. And frustrated at the amount that will be spent for their education with no guarantees.

And yes, I know some DCUM people will rush to smugly remark how college is about more than just ROI, or how *they* diligently saved in their 529 from before birth so it's NBD or how their dc is going to community college and then to state school and they are so smart and saving so much money, blah, blah... but the reality is that college is very expensive for most people, and certainly for many of the private college attendees who lurk on here. More and more highly educated people I know are saying they are starting to think it's all a scam.

Thoughts?

Then go to a cheap / non-selective uni on a full ride? Guess what SAT score is required for a full ride to Mississippi Valley State University?

[Anonymous]

OP you do realize that your kids don’t actually have to go to college, don’t you? It’s not a requirement. We’re saving for all of our kids, but one of them has expressed no desire to attend and that is ultimately going to be his choice.

[Anonymous]

You can’t beat college experience as part of learning to be an adult. There are hundreds of similar aged kids from different backgrounds around you navigating different challenges and celebrating successes. Should one pay hundreds of thousands of dollars for college is a different question and the answer to that is a NO. Anyone that tells you that going to an elite undergrad school is a must for future success is a moron. Grad schools are a different story.

[Anonymous]

All the more reason to live in a state with plentiful state school options (thanks VA!)