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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Part of why it's gotten so insanely expensive to go to many colleges is because families that are UMC are expected to shoulder not just the cost of their own kid attending but all the kids that are attending for free or at low rates. I want those kids to go to college too but that should be funded from either government money or endowments not jacking up tuition on other families struggling to pay for school too. [/quote] That is not UMC. That is wealthy families not wanting to make sacrifices and save. [/quote] Disagree. I shouldn’t have to subsidize other peoples kids. Let the government do it or the schools endowment.[/quote] Exactly. The classmate who called me poor for saving in 529s since my kids were born still hasn’t paid off her student loans 20 years after graduation. These are the sorts of people I am expected to subsidize by private colleges that have facilities falling apart because they invested huge portions of the endowment in speculative investments that they can’t access due to geopolitical events. While visiting one for a tour and washing my hands at a bathroom sink, a ceiling panel literally fell on me and tore my shirt. Their mismanagement of the endowment is not my liability. Hard pass. [/quote]
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