Reply to dont be in the 60th to 99th percentile in income

Forum Index » College and University Discussion

Reply to "dont be in the 60th to 99th percentile in income"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][img]https://pbs.twimg.com/media/F1zLKAYWcAEwDiX.jpg[/img][/quote]
Although the graph is interesting people are treating it like it’s some nefarious plot. There are far more students in the 60-99% income range applying to college than below 60%. And for the top 1%, there’s not that many of them and they apply mainly to the legacy institution, so of course they have a higher rate.

Basic statistics people…[/quote]

I just looked it up and 15% of Harvards class is from the top 1%.

https://www.nytimes.com/interactive/projects/college-mobility/harvard-university[/quote]

That also says that 52% of Harvard students are between 80 and 99th %ile and 4.5% are between 0 and 20th.  But somehow DCUM's take away is that the people in the 80th %ile are disadvantaged over the poor people.  [/quote]

Always amazes me at the DCUM people complaining that they make $175K and how terrible it is that they can't afford college, when there are plenty of people living on $65-75K.  If college is important to you, then you can find a way to save.  If you were making $100K 10 years ago and now make $175K, then you could have been saving that extra amount each year and not let your lifestyle increase.  Instead you played keeping up with the Joneses. [/quote]

This is me. And I've been saving for it so I'm in a position of having about being a full pay family. College tuition will be about 75% of my take home salary for 8 years. It will wipe out more than 1/3 of my total assets. To pay for colleges with so much money hoarded away in a tax advantaged that they don't really even need to charge tuition. In many ways, I would have been better off either spending this on vacations and being 175k HHI with lower assets or had kept with the lower stress 100k job. Single mom, two kids, full pay.

Also, gig workers like myself get screwed on what we can funnel into retirement and shelter from all this.[/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