Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Debt is OK

Rich people have debt, big corporations have debt, US Government have huge debt

Important thing is cash flow during and especially after graduation.
[/quote]

And no one can guarantee the cash flow after graduation. When you have little to no guarantee of return, it makes zero sense to take on such a huge debt. It also limits options after graduation as you're stuck with the student loan ball and chain.

No school is worth $400K. Not a single one.

the American public has been sold a lie and we idiotically keep chasing the prestige game. My kids will attend 4 years of in-state public. And they will be just fine.[/quote]

+1000

My one kid is at a $80k full pay.  But only because we have it saved in a 529 (and could cash flow even without that).  But if we didn’t have the money readily available they would have chased Medit.  Same kid had $41k Merit from a t50 that was their 2nd choice.  If $$$ was an issue my kid would be at their excellent 2nd choice.  Had we needed merit we could have found much more in the 50-100 level and would have done that.  No school is worth debt.  
I’m smart enough to recognize where you goes is not that important—my smart kids will succeed wherever they go because of their drive and determination.  T20 is not needed to succeed.  But starting out debt free or with minimal debt is huge for my kids future.  You must make many different choices in your 20s if you owe over $2k in loans each month.  My kid can take risks, take jobs they want in a hcol area—hard to do that with $1-2k in loan each month [/quote]

If money was an issue, that T50, even with 41k off would probably be out of reach [/quote]

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