Reply to Do most people pay for college out of pocket?

Forum Index » College and University Discussion

Reply to "Do most people pay for college out of pocket?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The people congratulating themselves for sacrificing while judging others without knowing anything about their circumstances is cracking me up. OK you love your kids more than we do because you drove the same car for 10 years.

Here's what the sanctimonious self-sacrificing crowd doesn't get. There are those of us who think that YOU'RE foolish to pay 85K per year for college. It doesn't make financial sense in most cases. You're obsessed with the "best" schools when most research shows that kids going to good publics do just as well. So there are those of us who think, unless you're wealthy, it's foolish to save for 85K a year when you can get the same quality for 40K per year. We're not as into prestige and we're certainly not paying for it. So just know as you're judging us, we're also looking at your values with some critical questions....

Sorry for my tone, but the judgment assuming those who haven't saved for 85K per year are just selfishly splurging.... it's so far from how many of us approach this.[/quote]

Most of us aren't "congratulateing ourselves" and are middle class, so, we actually get some aid.

The big issue many if us have is hearing those who didn't save complain. Totally fine for you to cashflow a 40k school, but don't complain that you should somehow get a discount at a 90k school.

We scrimp and save to afford the COA of 30k at the 90k school after FA. We could have stretched to 40k, but thank goodness got great aid.[/quote]

Fantastic but you are paying 60K less than many that also scrimped and saved.  The extra $60k is A LOT. That is what you people are missing.  We only drive Hondas, one is a 2006!  WE don't take splashy vacations or wear name brands, etc.  But--colleges have us on the hook for the full freight...even though we are scrimping and saving just as much as you.  We only had 2 kids and live frugally. WE do have lots of retirement savings and paid down our mortgage as a priority...we also were funding the 529s since birth.  AND if we only had to pay $30k like you--they would be able to attend the Ivies and SLACs that their hard work with no hooks got them into....but they are part of the donut hole class which is REAL no matter how much you people getting $60k discounts think it isn't.[/quote]

Most likely you are MUCH better set for retirement savings than the person making slightly less than you who is getting "60K" to attend an elite college.  They scrimped and saved and likely didn't pay down the mortgage and didn't save enough for retirement and lived with even less for the last 20 years.

Ironically, most of you are complaining about paying for schools that your kid most likely wont even gain admission to.  [/quote]

That's not an example of irony. And our kids are very competitive for those schools. They're coming from the large, competitive publics and the magnets from across the country. The New Triers. The Boston Latins. They worked damn hard and they deserve a shot like any other hardworking and brilliant student. But for them, and for them only, elite colleges are not affordable.[/quote]

They have the shot "they deserve".  They can apply and choose to pay/take out loans.

Or they can do the smart thing and choose to attend a great college at a rate that's affordable for them and wont leave them with massive debt.

Just because you work hard does not entitle you to admission and money from the college.  
It's not the govt that is providing this money.  It is the individual college that chooses how to distribute financial aid (and merit, but the T20 don't really do merit).

I work hard, I want to drive a BMW and live in waterfront property in Annapolis and have a boat.  Does that mean I'm entitled to the $2M+ home just because I want it?

Answer: NOPE

Do you complain that some people get to live in Section 8/subsidized housing and you dont' get a subsidy each month for your housing?

[/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