Reply to Why pay $90K for a less competitive private vs. far less $$ for a less competitive public?

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Reply to "Why pay $90K for a less competitive private vs. far less $$ for a less competitive public?"

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[quote=Anonymous]Agree that it's about fit of the program, reputation of the program, regional connections and brand.  All subtleties.  But UMC and MC people can be very brand-sensitive.  That's the emotional side of the college purchase experience.  Most people only get one chance to pick an undergrad institution.  So it ideally would be a desired choice not a "have to do" situation.

Think about the price difference and whether that would be material for your child over their working lifetime.  And where the school might set you up to work.

I went to Pitt and Michigan.  Happy with my choices.  My sibling went to Cornell and Michigan.  We earn about the same.  Sibling's college cost 200% more than mine but it's had no impact on our lives.  My cousin went to Bucknell.  Her life is similar to mine.  You might consider that the saved college costs are part of our wealth at this point but that's not even true because we were all fully-paid-for kids.  My spouse turned down Bucknell for Pitt due to high cost and I think he was not hurt by the decision and probably ended up better off since Pitt was a stronger school in his major.

I would consider Syracuse over Pitt if looking to get a job in NY state. I find the schools similar in many ways.

These are very individualized decisions.  I particularly encourage kids to reflect on where they want to live and work after college.  And for parents, if a less-expensive school would allow you to fund other things later, like a house downpayment, it might be useful to be transparent about that.
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