Reply to Michelle singleterry article yesterday

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[quote=Anonymous][quote=Anonymous]Personally I found the article somewhat disturbing. My parents were lower middle class - my dad was the first in his family to go to college, and I knew ZERO women who had gone to college. But my parents saved and told me to apply to the best schools possible. I was amazed to see families with far greater wealth than we had tell their kids: we pay in-state fees and anything more is on you. I got into an Ivy and got some aid, but I also took on loans which made me a hell of a lot more responsible than my friends whose parents paid every penny. I knew I needed a job after school was done, wheras they knew mom and dad would keep paying the bills. I think the MIchelle Singletary column disregarded what was best for her child in favor of what was cheapest, and in my experience that isn't always the same thing.[/quote]

I can't read Michelle Singletary's mind, but I'm guessing if the two schools in question were Harvard vs. UMD, they might have made a different calculation.
Instead, the decision was between one state school vs. another state school: UNC vs. UMD
Under those circumstances, I think the approach they took was sound.
I know in DCUM world everyone likes to think that the decision their kid is going to be making is "Ivy vs. somewhere else" but with acceptance rates in the single digits, that's just not reality.
Millions of Americans aren't in billions of dollars of debt because they went to Ivy League schools and are paying off loans. They're in debt because kid got his heart set on an expensive-but-not-tier one school. I'm sure it provided an idyllic 4 years, but at the end of the day going with "dream school" didn't make them more marketable than if they had just gone with one of their in-state public schools.[/quote]

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