Schools that you think of as rich kid schools. If you’re MC, will your dc fit in?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Or they buy condos/townhomes and let their kids stay there, and rent out the other 1-2 bedrooms to friends to cover the mortgage payment.

We did this.

Two of my friends' did this with their respective kids as well. If you can, why not? But none of us have mortgages on the properties.

I’m not saying it’s a bad idea, it’s a wise/prudent one. But on the thread topic, throwing down $250k for a townhouse in a small college town is a sign of wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Rollins College. For a long time, it has been a destination for the NYC private school set.

That’s funny you’d say that. I’m from FL and know people who went there from my high school. I was surprised that there were kids from NY and NJ there. But yeah, you’re right.

There are students from NY & NJ EVERYWHERE. And their personalities make them seem more numerous than they actually are. “This isn’t pizza!!” “You call this corned beef??”

[Anonymous]

TCU
College of Charleston
UC-Boulder
Pepperdine

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Or they buy condos/townhomes and let their kids stay there, and rent out the other 1-2 bedrooms to friends to cover the mortgage payment.

We did this.

Two of my friends' did this with their respective kids as well. If you can, why not? But none of us have mortgages on the properties.

I’m not saying it’s a bad idea, it’s a wise/prudent one. But on the thread topic, throwing down $250k for a townhouse in a small college town is a sign of wealth.

Lol. $250K. My Ivy kid's friends' parents are buying $2 million dollar properties for their kids to live in. No joke.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rollins College. For a long time, it has been a destination for the NYC private school set.

That’s funny you’d say that. I’m from FL and know people who went there from my high school. I was surprised that there were kids from NY and NJ there. But yeah, you’re right.

There are students from NY & NJ EVERYWHERE. And their personalities make them seem more numerous than they actually are. “This isn’t pizza!!” “You call this corned beef??”

I’m not even from one of those 2 states, but I know what a bagel is supposed to look like.

The round bread with a hole in the middle that my school tried to pass off as a bagel? NOPE.

I made sure all my friends who visited my home got to have an actual bagel when they visited me (lots of the bagel shops nearby were run by former NYers)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Or they buy condos/townhomes and let their kids stay there, and rent out the other 1-2 bedrooms to friends to cover the mortgage payment.

We did this.

Two of my friends' did this with their respective kids as well. If you can, why not? But none of us have mortgages on the properties.

I’m not saying it’s a bad idea, it’s a wise/prudent one. But on the thread topic, throwing down $250k for a townhouse in a small college town is a sign of wealth.

Lol. $250K. My Ivy kid's friends' parents are buying $2 million dollar properties for their kids to live in. No joke.

There have always been rich students. What’s different today is how ostentatious this generation is. And their need to self-segregate and only be among other rich students. Their loss. It’s a pretty lame college experience for 18-22 year olds who isolate based on wealth. I blame bad parenting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just look at the high school profiles for the private high schools in this area and other larger metropolitan areas. Most of the profiles will list where the graduates are going to college. You will see the same list of the usual suspects and virtually every profile: second tier privates, like Tulane, Wash U, northeastern, etc. These are all rich kid schools for kids who can’t get into Ivies. And these are the schools you want to avoid.

Washu is T20. Nothing second tier about it.

+1000

[Anonymous]

Anonymous wrote:This conversation is why I prefer the more remote schools. Being in a small town is leveling in a way that a location with lots of restaurants, etc, can never be.

I feel the exact opposite

[Anonymous]

Telltale signs of “regular” affluence- trips dedicated to college visits. Parents can afford to come for Parents weekend. Access to parent’s credit card. Being able to do unpaid internships without financial assistance from the college. Spring break trips. Not having to work during the school year. This seems to be the norm on DCUM and in most of the T-50 privates. Most of the college world doesn’t live like this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Or they buy condos/townhomes and let their kids stay there, and rent out the other 1-2 bedrooms to friends to cover the mortgage payment.

We did this.

Two of my friends' did this with their respective kids as well. If you can, why not? But none of us have mortgages on the properties.

I’m not saying it’s a bad idea, it’s a wise/prudent one. But on the thread topic, throwing down $250k for a townhouse in a small college town is a sign of wealth.

Yes, but the only people who know about it (at least in our case) are my DH & DS, and the two friends who did it with kids at different colleges. We're not discussing it with people, that would be pretty crass IMO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The OP is asking a good question. My kid is a college freshman at an ivy. And I am somewhat shocked by the wealth and spending on campus. After speaking with friends, it seems that most/many colleges today have stratified social scenes that are separated by wealth. Despite hearing that the vast majority of kids get some financial aid, the social kids tend to be the kids with money. And these kids take ubers, dine out daily at nice restaurants, etc. The school is in am urban location, so perhaps there are more places to go/spend? Just want to give other parents a heads up. We heard about umiami expensive clubbing but the reality at my kids school was a surprise.

Same, but my kid is at a rural Ivy. The number of Canada Goose and Moncler coats is insane. Greek Week is in the Caribbean, and 30% of the school participates in Greek life. I know there are many scholarship kids on campus, but none of my kid’s friends work or have issues with money.

Funny thing about these though. Both of my kinds went to HADES schools and are in colleges on this list. We are a VHNW family, and neither of them have coats like that. My hairdresser and her kids do though. I know for a fact (through conversations) that from an income standpoint they are MC.

TL;DR: that's not always the indicator of wealth that people think it is.

Wasp old money ftw.

I'm the PP. Close, not anglo-saxon. German old money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The OP is asking a good question. My kid is a college freshman at an ivy. And I am somewhat shocked by the wealth and spending on campus. After speaking with friends, it seems that most/many colleges today have stratified social scenes that are separated by wealth. Despite hearing that the vast majority of kids get some financial aid, the social kids tend to be the kids with money. And these kids take ubers, dine out daily at nice restaurants, etc. The school is in am urban location, so perhaps there are more places to go/spend? Just want to give other parents a heads up. We heard about umiami expensive clubbing but the reality at my kids school was a surprise.

Same, but my kid is at a rural Ivy. The number of Canada Goose and Moncler coats is insane. Greek Week is in the Caribbean, and 30% of the school participates in Greek life. I know there are many scholarship kids on campus, but none of my kid’s friends work or have issues with money.

Funny thing about these though. Both of my kinds went to HADES schools and are in colleges on this list. We are a VHNW family, and neither of them have coats like that. My hairdresser and her kids do though. I know for a fact (through conversations) that from an income standpoint they are MC.

TL;DR: that's not always the indicator of wealth that people think it is.

How much constitutes VHNW? It is an open question here on DCUM. I feel that we are well off but not too much yet get grief on this site for being clueless. And, my kids also do not wear brands like Canada Goose while more UMC families sport much more designer wear.

[Anonymous]

Interesting that no one has mentioned W&L. It is just a hop skip and a jump from DC, but no one seems to realize that it full of the 1%?

It is one of 38 schools in the country that enrolls more kids from the top 1% than from the bottom 60%.

https://www.nytimes.com/interactive/2017/01/18/upshot/some-colleges-have-more-students-from-the-top-1-percent-than-the-bottom-60.html

[Anonymous]

Anonymous wrote:TCU
College of Charleston
UC-Boulder
Pepperdine

No. Lots of MC/UMC students at those schools.

[Anonymous]

Bad idea or not?