Reply to How is your gifted kid doing at a lower-ranked college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are there really people who make over $250k and won’t send their kid to a SLAC? 😲[/quote]

Are you that ignorant? Maybe after taxes that income comes down to $150k and you expect a parent to shell out $80k of that for a SLAC? 🤣🤣
Not everyone is able to save aggressively. Enormous health care premiums, the burden of saving for retirement, the cost of housing, medical costs and so on...there have been articles & articles written about this. Many MANY people actually get help from grandparents, but for those of who don’t: we send our kids to public colleges. [/quote]

I’m not ignorant. I made 160 K and fully expect to send my kid to a private school, even if it takes us a while to pay it off. It’s just hard for me to understand how someone who makes 90 K more than I do can’t afford that.[/quote]

An important question is whether the investment is worth it. I can send my kid to a Virginia state school for ~$30k or a private college for $70k. There is no college in the world that provides an education that is $160k better than what my kids can get at a state school IMO. We might be able to figure out how to pay for it; but I don't believe it is a good use of our money. (I'll also add that we could not pay that amount without borrowing, and so IMO that means we'd actually can't afford it. We're not interested in incurring debt to send our kids to college.)

DH and I got to our $250k HHI with liberal arts degrees from state schools (including for grad school). I have no doubt whatsoever that an excellent education can be had at a public university. [/quote]

Meant to add: Excellent educations can also be had at non-elite private colleges that offer significant merit aid to high-achieving kids.[/quote]

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