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College and University Discussion
Reply to "Why pay $90K for a less competitive private vs. far less $$ for a less competitive public?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because the $45k is not significant to them, and it doesn’t come into play when making the decision. Kind of obvious, no?[/quote] I’m someone who may make a choice like this - more like choosing between Towson and Wooster or something. Our HHI is $225k, so the difference is significant. But also…you can’t take it with you, you know? I’d rather spend the money on my kid’s college of choice than on house repairs, a new car, or vacations. Our retirement is planned with 4 years at an expensive college baked in. We’ll be able to retire in our late 60’s with enough. We’ve decided “more than enough” isn’t important to us. [/quote] Wooster doesn't seem that much nicer than Townson to make the transaction. Townson isn't that large and will likely net your kid more opportunities.[/quote] It’s Towson, not Townson. But absolutely, both really good schools for my kid! They are super different feels, though. Wooster is a small liberal arts college in a pretty college town in another state. Towson is a fairly large public school in a dense, urban-ish area 30 minutes from home. Life outcomes aren’t the point - my point is that I’m willing to pay for my kid’s CHOICE. Because having choice will mean he owns it, and when things get hard it is easier to get through them when your situation was your choice. This kind of choice is a total luxury, but the kind of luxury we’ll pay for. We don’t pay for luxury anything else, really. That said, if he chooses public over private and we save a boatload of money we’ll sweeten the pot by officially giving him the family car he is now allowed to drive.[/quote]
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