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College and University Discussion
Reply to "I’m really surprised how many people don’t save for college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have t read all of the responses but I agree that I’m surprised about people who continue to have kids yet don’t save for college. [/quote] I'm surprised at how people willingly pay for private and out of state tuition when better or equal programs exist for the cost of in-state tuition. Especially if they're not going into fields where undergraduate degree "status" matters as much. [/quote] +1 We saved for college but with what I consider a reasonable budget. We are willing to pay up to about $40k/yr, which covers any VA public U or a lot of OOs schools with merit aid. My UMC kids are not competitive for the top tier school some might consider worth the $80k price tag and I certainly don't think a lower tier school at a $70K+ full cost is worth that price. There are a lot of solid college options where a kid who puts in the work will do fine. Even if we did have Harvard-caliber kids I don't know that I'd consider it worthwhile to spend that much vs other priorities. I work with people from a wide range of schools from Ivies to regional publics and we all ended up in the same place so I find it hard to put a lot of stock in rankings. Rankings are really just about wealth and reinforcing preconceived ideas about prestige. I read a book awhile ago about the rise of the USNWR rankings and their first analysis did not have the Ivies at the top. Since the creator found that outcome unacceptable, they rejiggered the formula to make sure they did end up at the top. Some people act as if they are a gospel from on high but they were created to spark conversation and sell magazines and to reinforce a general pecking-order that the creators had in mind. [/quote]
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