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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Forgot to mention that $1.2 was invested before Trump came to office so now worth over $2M, but YRMV.  Children have no college or grad school debt, can start saving, understand the value of money, can put a down payment on a house and they are forever grateful.  Just because privates are charging $65K to $85K a year doesn't make it an intelligent expenditure.  They do it because they can get away with it because American parents are suckers in the college-admissions race.  Didn't it ever occur to you odd that when an Ivy bumps its price tag to 75K that all the other private LACs and SLACs do too?  They do it simply because they can - because American parents are buying into this insanity and bankrupting their families or saddling their children with hundreds of thousands of dollars of debt - but a third-rate LAC is not Harvard, just like a Ford is not a Mercedes - but the LAC knows there are desperate parents out there that will pay full-freight for Johnny to go to some LAC no one has ever heard of.  So all privates follow suit and jack up their fees and parents like you pay justifying it because it's "a good fit".  There are 4000 institutions of higher education in the United States.  You do not have to saddle your kids with debt to get a college education of quality.[/quote]

[b]Ah yes, rich people are so dumb! They are ignorant spendthrifts! Or...maybe...they see value where you don't. Maybe...they know a thing or two more than you. Maybe...they just value a higher IQ dating pool for their kids. Whatever it is, calling wealthy people gullible fools for sending their kids to expensive prestigious colleges makes YOU the fool.[/quote][/b]

You think spending $75K in after-tax dollars for 8 months is sane?[/quote]

To the rich, yes. They obviously see value in it. They're not all morons being fleeced by the higher-ed industrial complex. :roll: You have to be a real arrogant (read: delusional) SOB to think your broke butt is so smart, and all the wealthy sending their kids to expensive privates are dumb. I mean come on, get some self-awareness.[/quote]

Glad you are a snobby rich person. For the rest of us, you need to understand better how college pricing has grossly outpaced inflation. And why you don't want to saddle your kid with 100Ks of debt dollars.  https://www.nbcnews.com/feature/freshman-year/college-tuition-fee-increases-continue-outpace-inflation-report-n457396.  Read Andy Ferguson's (now somewhat dated), "One Dad's Experience in the College Admissions Process" (the title is something like that), especially the chapter on how USN&WR has forever altered the admissions process and pricing.  The rich full pay person is not paying for value - that $75K is going mostly to cover the marketing expenses that colleges must now do to increase the number of applicants, just so they can turn them down, thereby lower selectivity numbers.  That's why students now have to apply to an absurd number of 15 schools on average.  It's an enormous racket.  I see no change or "bust" as some are watching for so long as LACs and SLACs bring in full-pay international students.  I know law school deans who pack their T3 schools with Chinese students ready and willing to pay $100K a year.[/quote]

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