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

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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]It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode. [/quote]

There will always be wealthy smart students who can afford the elite schools.  Just look at the elite HS in NYC where people pay $50K+/year.  Same for all the elite boarding schools in the Northeast.  People paying $75 k+ for a year of HS will have the money for college
[/quote]

^This.

There is a long waiting list of wealthy people who are willing to pay 50K+/year for their kids to attend Potomac School here in the DMV.  They can easily afford 95K/year at USC.[/quote]

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