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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My DS got accepted to one of the Ivies—think Princeton, Yale, or Harvard—but we would have had to pay the full cost, around $100K per year. He also got accepted to University of Florida with a full ride (tuition plus room and board).

We told him that he could attend UF and have $400K+ (depending on investment growth) waiting for him at graduation, or he could attend the Ivy. Seven years earlier, one of his older brothers had been in the exact same situation and chose to attend an Ivy League school, which he later regretted. His $300K could have grown into several million dollars. We’re not wealthy, so while money isn’t everything, it’s important to be able to live a stress-free life.

My older DS advised his younger brother to take the $400K and attend UF, and he did. He’ll be a freshman at UF in a few months.

YMMV.[/quote]

And your kid couldn’t have decided this before applying to the ivy? Just weird…[/quote]

I still can't believe op's kid could have gone to H/Y/P and instead is getting a Florida degree.  Just a complete waste.[/quote]

I think I raised him well enough to be able to make his own decisions in life. His reasoning is that if he has what it takes to get accepted into HYP, then he can also succeed at UF. He may fail at UF, and he may also fail at HYP. At least if he fails at UF, he’ll still have several million dollars in the bank, versus nothing at HYP.

FWIW, he already wears a T-shirt that says, “I turned down HYP to attend the Gators for several million dollars.”[/quote]

I understand that finances are importanr but Inwouldn’t want my kid to walk around wearing this obnoxious t-shirt.

As previously posted, the Ivies- and other elite schools have a higher caliber of students and more diverse networks and better resources. Some things can’t be easily quantified. [/quote]

There are many people in my McLean neighborhood who attended state universities. There are also people in the neighborhood who attended HYPS. In this expensive neighborhood, where homes are in the $3M+ range, people who attended UVA or Virginia Tech seem to live in more expensive homes than those who attended HYPS.

Three of my neighbors attended HYPS, and they are college professors at GMU, Georgetown, and George Washington University. They live in smaller houses and earn at least five times less than I do. They cannot even afford to send their kids to private schools.

I graduated from Iowa State University, went into FinTech, and made a lot of money. I am not saying money is everything, but the vast majority of people who attended HYPS have the same outcomes as people who attended UVA or Virginia Tech. As a previous poster stated, if you can get accepted into HYPS but decide to attend UF, UVA, or Virginia Tech, you will likely succeed regardless of where you attend.[/quote]

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