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[quote=Anonymous][quote=Anonymous][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]

Smart kid because the AI job decline is real and HYP won't matter. [/quote]

In a down job market, the better schools are always an advantage. 
In AI, the jobs being taken over are entry level jobs that above-average university students used to get. The jobs that ivy grads tend to get are a couple levels above that and require thinking and processing that AI cannot do. Ivy and ivy+ (add 8-10 top privates that are not ivy) will have a larger advantage than they do now, over the typical T50-100 school. MBB and top tech recruiting on campus at ivy and other target schools was way up this year. Top schools have made industry partnerships and solicited private donations to make sure their students can continue to have advantages despite the federal funding fiasco.

UF has zero pathways to such jobs even for the very top student, never mind the significantly lowered path to top Med/phd/law. 
hundreds of thousands or even a million in the bank at age 50 due to saving on undergrad will never make up for the opportunity cost of not having a shot at a top job. Who wants a lot of money to sit on and a boring job that does not use your brain and is not respected?

[/quote]

Blah blah blah. You're describing a very narrow and very specific trajectory that most HYP kids don't even do. Nor is the real world as rigid as you like to think.

High aptitude and capabilities make themselves known regardless of where the person went to college. If OP's kid has a talent for making money, it will be found out.

FYI no one knew who Brian Thompson was before Luigi Mangione (UPenn) assassinated him, but he was making a million a year plus stock options, total up to 10 million. Where did he go to college? Iowa. I only illustrate this to show the real world is filled with so many anonymous yet very successful people who didn't need a HYP degree.

-- double Ivy grad.[/quote]

I agree with all of this.  Many of my law partners who make way more than I do went to "no name" schools or large state schools for college and many of them went to so-so (not T14) law schools also.  People who are good at what they do rise to the top.

- Also a double Ivy grad.[/quote]

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