Anonymous wrote:
Anonymous wrote:Honestly all of this conversation about how I saved and others didn't is just a narrative that people want to keep spreading to keep poor people out of these selective schools. Thankfully schools like Rice are onto this and they know full well like other schools that if this country doesn't get all of its populations (URM, poor, immigrant) participating in our economy to their fullest potential, we as a country are DOOMED. Higher ed is a part of that equation.
If you make a decision that you want to save and pay full freight great. Just do it. What does that decision have to do with anyone else's situation? Be happy you have $2M in assets and move on with your life.
If you understand the economics around college costs you would know that you aren't paying the full cost of tuition at these private schools anyway. That's why schools have endowments and they can do what they want with them.
Listen I get what people are saying. They are not trying to bring URM's down. I think the whole point is accountability. If we continue to give debt relief, tax breaks, financial aid, and other things, it is basically teaching people they do not have to be accountable to save for things or strive to do better. My sister's family makes $150K and have back tax issues. It is ridiculous. They were given so much financial aid for college because of it too. I get that it is not fair to punish the child, but we make far less and had to pay so much more because we created a 529 and saved up for years for it.
Most people have very little finance skills. It needs to become a mandatory class in high school. This spend everything mentality and ask for help later is just insane
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