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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][quote=Anonymous][quote=Anonymous][quote=Anonymous]"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?" What if you don't have that amount of money saved? Contrary to your assumption, not everyone on DCUM does. But, unlike you, we don't get any financial aid, much less a full ride to an Ivy. Is it then okay in your mind to be concerned about ROI? For someone with a (free) PhD in Psychology, you seem to lack understanding and insight into reality. [/quote] So if you don't have $160K for instate schools (which is high, as most states I've lived in you can do a good state school that is easy to get into for $25k/year currently), then you look at CC and transferring. Or you look at smaller private schools that offer great merit---if your kid is at 90% for many non-elite privates you can get 75%+ paid for with merit. So you think outside the box and find a way to get an affordable education. It can be done---but it requires you to give up the obsession with elite universities. [/quote] Where in the post did you get an obsession with elite universities?[/quote] From most DCUM posts. Just pointing out that there are plenty of ways to make college very affordable, just not along the lines of most who post in DCUM. Merit is out there at smaller universities that are not as highly ranked. If you have not been able to save enough for college. I live in a different state and our 2nd large state school (with every major under the sun available) is ranked ~200 and has an amazing honors program and total cost "all in" is $25K per year. If your kid is a good student they will likely get $3-4K in merit (my own 26ACT/3.5 UW GPA student got $3K/year). A kid could almost fund college themselves if working hard during all breaks and part-time during the school year--as long as they have a place to live (ie with family once they turn 18). Kids can easily net $10-12K in a summer in our area (high min wage). Add in $5K for working part time during the school year and it's only $10K left---take 5.5 in federal loans and have parents hopefully help with $5k/year (or take loans). It can be done. And if you are truly not able to pay that much, then use HS duel entry and graduate HS with your AA for only the cost of books/lab fees (typically less than $500/year). Then you only need 2-3 years at the 4 year university. With planning anyone can affordably attend college. [/quote] My kid had an internship 40hrs/week from May until early August, $16/hr and only made -~8000. Unless you’re getting paid in cash or working at GS or something, what kids are making 10-12K overthe summer?[/quote]
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