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College and University Discussion
Reply to "I genuinely don't get saving for college for kids"
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[quote=Anonymous]Merit aid at a decent or good school is only reserved for the top 1%, and that means having a SAT at or very close to 1600. Tuition at a public institution costs $100k at a minimum. Good SLACs may have merit aid but it tends to be put the total cost around $120k+ regardless So yes, you are missing a lot. Tuition has increased, and so have test scores, and so has competition. The entire world's population is competing with US students for a spot at good universities, including publics, and as the rest of the world has developed, they have more than enough wealth and test scores, and generally far more tenacity, to out-compete American-born kids. American-born kids are also far more competitive academically than before. Highly educated immigrants from Eastern Europe, Asia, India, Africa etc. put a big focus on education, far more so than the average native-born American family.[/quote]
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