Reply to Is It Really Gonna Cost $280K? OMG

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[quote=Anonymous][quote=Anonymous]Are any private schools worth the price?  Or are all, including Top 20, just enrolling suckers or the poors (who get FA)?  How long will this last.  Seriously trying to understand the business model.[/quote]

It cannot last. Many less prestigious colleges will close because they've raised their price too high. The prestigious ones (SLACs and HYPS, etc.) will keep offering great FA from their ginormous endowments, and they'll stay afloat. There are enough rich people who will pay their full tuition -- for now.

Middle class parents like us will opt to send our kids in-state. It doesn't make financial sense to us to send our kids to private colleges, even the likes of Haverford, Amherst, Williams, Pomona, etc. We don't want our kids burdened with debt, and we don't want to take on additional debt to send them to those great private colleges.

DH went to HYPS, and I went to one of those competitive SLACs. We're not sending our kids to those colleges, even though we loved them. They aren't worth the price tag to us.

As more parents do what we're doing, the elite colleges will feel more pressure. Some on the fringes (think Colgate, Franklin & Marshall) may succumb eventually. Their financial model is not sustainable. [/quote]

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