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College and University Discussion
Reply to "Do many people pick publics because of money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents did not pay for my college or grad school. I never considered any public universities in state or out of state. I am from NY. I applied to schools I was interested in, got financial aid and graduated grad school with loans and paid it off pretty quickly. I worked in investment banking and private equity in NYC so it was fast. I’m surprised at how many people choose state schools in VA and MD. Are students that afraid of debt? All these families are better off financially than my family was when I was going to college. The cost of college was not a factor for me. I just knew I would pay it back.[/quote] Agree. I think that some people did not have the experiences that you and I had, so they are afraid of having to pay back school loans, OP. And absolutely yes, money is why anyone I know who has their kids attend publics, attend publics. Which is fine for them, we are grateful for more options. [/quote] I am not trying to offend anyone. I come from a humble background. My parents did not and could not pay for my education. It just seems strange to me that these UMC people who are much better off financially than my parents would have their kids attend a lesser school for money. I may never understand.[/quote] The issue is bang for the buck. A school that costs $360k has to be “superior enough” to justify the cost relative to a much cheaper state school. People also anticipate having to pay for grad school. Why is this hard for you to understand?[/quote] My husband makes several million dollars per year. Taking on 200k debt like we did to get an elite education doesn’t sound bad to me. I had full confidence to earn and pay back my loans.[/quote] First of all, bull$hit he does. If you are paying for "an elite education" just as a luxury expenditure that your kids don't really need (which would be true if your DH actually made "several million a year", which he does not because you are lying) that's great for you. However, sane people who can afford "an elite school" still need to take into account the cost-benefit equation of doing so. What is the career intent, will grad school be required, and will a state flagship satisfy the needs of both.[/quote] The cost-benefit equation is not always financial. Our oldest did not go to a private university just to graduate and make money. Her goals were based on her strengths which were the arts and not academic. We paid the high tuition rates because it was the best choice for her. [/quote] So, money is not a factor for you, but it is for most people.[/quote] +1 so much virtual signaling, about a college major no less.[/quote] Virtue not virtual.[/quote]
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