Reply to How Princeton is Getting Around the Endowment Tax

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Making $400k is $240k after tax. Princeton total COA is $84k. It's downright laughable that some of you think spending 35% of post tax income on one child's tuition is "easy" or a good use of money.

If you do, you either have other sources of income or are terrible with money. [/quote]

Or they understand that you should have been saving in advance instead of trying to cash flow all of it.[/quote]

Some of us have no generational wealth. We were busy paying for our own educations, and deposit on home, childcare etc, and then had to start putting aside something for retirement so we aren’t a burden on our kids or other taxpayers to deal with in a couple of decades. For those of you with elite educations paid for by mommy and daddy and house deposit given by grandparents, and who started your adult lives with no debt, and have a sizable inheritance coming, you can’t possibly understand what life is like for the rest of us.[/quote]

Most of us are the rest of us.  Who the hell has their education paid for by Mommy and Daddy and a house deposit given by grandparents and no debt?  Most people have none of that.

And there's a lot of people that can't afford to go to Princeton University.  Not being able to afford Princeton University is not a tragedy.  People are struggling to  pay the rent and  bye food.   [/quote]

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