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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Prestige still matters, in fact quite a bit, but it is simply not achievable either due to cost or admissions to many. UMC parents who went to prestigious schools are grappling with the downward social mobility their children are facing. Lower ranking schools, more competitive job markets, housing market unaffordable etc. For a parenting generation that threw everything into their kids it’s a deep blow.

They are clinging to this idea that the prestige isn’t worth it. It’s sort of like gazing into a bakery with no money and telling yourself oh it’s probably too sweet or more healthy not to eat it.

Can people succeed from a state school? Of course, as they always have, it’s just harder and requires hustle. Sadly, many UMC lack hustle because their helicopter parents never let them develop it. Instead they were groomed to follow in their parents foot steps to the prestigious legacy or at least an equivalent. Losing stings.[/quote]

Prestige does not really matter.  What matters is what you do while at school and afterwards.  The top students will succeed wherever they go.  And it's easier to succeed when [b]you are not strapped with $100K+ in student loans[/b] when you graduate.

[/quote] 
1. students cannot take out any where near that amount. parents can but not students. 
2, top schools give some need-based aid up to 300k HHI or more these days. for those in the 180-350k bracket, which is top 5-10% HHI in this country, the top schools are often cheaper than the instate flaghsips. 
3. for those just out of range for need based aid (350k HHI), i get it can be hard, but with minimal planning in middle school they could have saved at least 25k per year. For those over 400+k HHI, paying for one kid at an ivy straight from the paycheck is not hard, and paying for two as long as you saved some the past 10 years is also not too difficult. many do it with less than that, this poster included! In these income ranges  its a choice to prioritize saving for college and a choice to prioritize huge house, fancy vacations, fancy private k-12 over college, on and on[/quote]

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