Reply to At what HHI are you willing to pay for an ivy league school

Forum Index » College and University Discussion

Reply to "At what HHI are you willing to pay for an ivy league school"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make $200K and have $250K saved so far for our 15 year old.   Have been saving for 15 years.  If she gets in, we will pay for it.  Education is so important IMO.  [/quote]
Your "education is so important IMO" comment implies that you think the only way to get one is to spend $250K for an undergraduate degree. That's just plain silly. [/quote]

We are part of the 1% (new money--so tacky I know we actually had to earn it ourselves with our public school education--shocking!) and we struggle with this concept of giving our kids everything.  DH and I succeeded because we were "hungry."  No one was going to pay our tuition, our bills, buy our cars, give us a down payment, etc.  Success or failure fell squarely on our shoulders and because of that we were motivated to make all of it happen. Our children will get their college paid 100% but they won't get a private just for bragging rights.  There has to be a darn good reason for doubling the tuition besides "I want to go out of state," or "I want to go to an Ivy."    Unless that out-of-state school or that Ivy has the best department for what they want to study, it just isn't happening.  Too many kids are getting too much too soon without working for it.  It is skewing their reality and stifling their initiative.  What is it that financial advisors say about wealth--the first generation makes it, the second generation spends it, and the third generation blows it.  Our kids will not have to struggle like we did but they will not have everything handed to them on a silver platter either.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics