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College and University Discussion
Reply to "Why is this board relentlessly focused on ROI? "
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[quote=Anonymous][quote=Anonymous]Yeah, your decisions change when you pay $80k/year for something vs it being free. [/quote] OP here. Look, I get that DH and I basically won the lottery by getting full rides to Ivies (fit being another matter -- I personally think I would've been way happier at my state school as my college was a jarring culture shock for me). But if you have the money to save up $300k (or $160k for being full pay at a state school) for college for each kid, isn't that a testament to your own economic privilege? You wouldn't have to be worrying about student loans as you've saved up enough for your kids to not have to take them out. And after that, if your kid learns to budget and live frugally, they should be able to support themselves on relatively low wages. DH and I have saved enough for our two kids to be full pay at any VA state school (they will not be applying to Ivies as we can't afford those). We would be fine with our kids going to UVA or VCU or WM or wherever and majoring in something that might not initially have high wages -- we have full faith and confidence in our kids that they'd be able to make a living doing whatever they want. Sure, maybe they'll end up priced out of the DMV and have to move to a city with a lower COL. But I personally think that paying college tuition is a gift, and you don't attach strings onto a gift. [/quote]
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