Reply to Do many people pick publics because of money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You understand that tuition rates have grown astronomically faster than wages since you were in college, right?[/quote]

Of course I understand. [b]We can easily afford to pay tuition. However, even if we couldn’t, I would encourage my children to apply and attend the best college possible.[/b]

I know many kids going to UVA and W&M could have gone to “better” schools. I’m sure this is more from public high schools, not private. [b]If you are already paying 50k for high school tuition, paying 80k for college tuition probably would not be a factor in deciding where to go to college.[/b][/quote]

1.  If you couldn't afford to pay, then why would you encourage your children to apply and attend the "best college possible"?

2.  Your statement about a person paying $50K being able to pay $80K (and rising)(It's actually $90K now, generally) makes assumptions and is erroneous.

3.  Yes, people pick publics and privates with merit aid over "better" brand-name schools because of money.[/quote]

Dh and I want to HYP grad schools. I earned high six figures and Dh now earns seven figures. I don’t think it would have been possible without our education.[/quote]

You can't be serious? Do you know how many people make that much who went to unknown schools, or are entrepreneurs, or dropped out? [/quote]

Or people that went to top private universities but still don’t get into careers where they make that much.[/quote]

I work in the fine arts. I knew the financial ROI on my degrees was going to be basically nonexistent (and my field of the arts is incredibly competitive, but I'm passionate about it and wanted to take a shot at it) so I did a state school for undergrad, graduated w/ almost no debt, and then went to an T10 w/ a full tuition scholarship for my MFA. I had to take out some loans to help cover cost of living in grad school but graduated with a very manageable amount of debt (under 25k).

I had classmates in grad school who had over six figures of debt from undergrad alone, and I have colleagues who didn't get scholarships for their MFAs and dropped $150k on them. I find it hard to believe they'll ever pay them off.

I could have gone to a top private art school for a BFA, but my public school BA still got me into the best MFA program in the country for my field.

If my kid wanted to go into the arts or humanities I'd be all for it, but I'd never let them saddle themselves with a ton of debt to do so. I will say someone upthread made a good point that public uni options vary from state to state, but as long as your state's public universities have strong arts/humanities it's unhinged to counsel a kid to go into a ton of debt for a career path where they'll likely never break six figures (or as is often the case, in the fine arts, never "make it" and have to pursue a fallback career). [/quote]

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