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College and University Discussion
Reply to "Why the middle class has a huge disadvantage in admissions."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^as if all of us did European vacations and drive Mercedes. LOL. Clueless. Net price calculator EVERYWHERE is that we will get $0. We saved, we aren't big spenders, etc. There is this complete disconnect that people don't understand how hard some of us worked and the sacrifices we made after paying off our own student loans because now we fall just outside the aid group. And, any generational advantage we managed to scrape up to will essentially be wiped out by college tuition. Instead of fighting with each other, we all need to demand something be done about the exorbitant cost of college these days. It will be $100k year soon for many of these private universities and the publics will bump accordingly. AT 85K, we aren't that far away from it. [/quote] Since you have struggled so much with student loan debt of your own (and your spouses), I would think you would understand that where you go does not matter---it's what you do while there and that student loan debt is NOT worth it. Amazing that you list that as a struggle yet somehow still think your kids and/or you should take on massive debt for college. Imagine the gift of state school or private with good merit that means your kid only takes on $27K total of debt and you take on none. [/quote] I was a STEM major, my kid is not. The actual school is much more important for future employment.[/quote] Maybe for graduate school, but not really for undergrad. Plenty of T20 non-Stem Majors still making only 40-60K 5 years after graduation. I'd argue it is what the kid does while at school that matters more. And in a lower paying field, it's even more important to not go into major debt. Much easier to have a great life if you only have a $300/month student loan payment ($27K in loans), not $1500/month. [/quote] Everyone is just assuming the article is about affordability when it really isn't. There isn't a break down of stem/non-stem, but there an analysis of the benefits of an elite education. Median income isn't different, but the study shows the odds of ending up in the 1%, going to an elite grad program, or landing a prestigious job are much higher going to an elite school vs state flagship.[/quote]
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