Reply to “the microsegment of the top 4 to 5 percent (earning $222,400 to $251,100) fares the absolute worst at t20 admissions

Forum Index » College and University Discussion

Reply to "“the microsegment of the top 4 to 5 percent (earning $222,400 to $251,100) fares the absolute worst at t20 admissions "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So kids in households earning $450-500k do well?[/quote]

Better than $250 but not as well as wealthy kids.  Unless they are URM, an athlete, or play a unique instrument, they will mostly likely end up at a state school honors college. [/quote]

Are you kidding? $450k is certainly able to go full pay at a private LAC if they want.[/quote]

Spoken like someone who has one kid and always made a lot of money. [/quote]
+1 our hhi is about $280k.  We could pay for expensive private for 2 kids but it would seriously impact our retirement and qol.  For the most part, expensive colleges aren't worth it unless you are talking about T10 for non STEM majors.[/quote]

Same here our HHI (gross) is around there as well and I cant imagine affording to pay for kids private school or college with current income. Hell I am afraid of even having kids right now (we are 31 and 30) as not sure how we could afford all the expenses associated with them (daycare/nanny especially) plus putting aside money for their college, without significantly negatively affecting our qol (being able to occasionally go out, go on a vacation once/twice a year).

An income of say 300k here is very different than 300k in say Texas, the 300k just doesn't go that far at all given how expensive the DMV area is. [/quote]

Huh?  What are you talking about?  You make way more than 95%+ of DC area families (many many many of whom are raising kids) and you don't think you can find room in your $300K+ budget for daycare?  You should have tons of disposable income at that income level, so I'm not sure why spending $15k-$25K a year on daycare plus $10K-$15K on college savings would be that hard.   What even is there to spend that much money on without kids?  Housing?  (But even that shouldn't cost you more than like $50K a year tops, right?  We spend less than $25K a year on the 15-year mortgage for our 4 bedroom home, but I know some people have more expensive houses than us, but I don't know how it would be more than double, especially if you don't have kids.)  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics