Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As the first two responses indicate, one reason people do pay all this money is that if you’re going to blink, you really need to do it early, like when you’re choosing high schools, to avoid massive social and emotional complications.  [/quote]

Good advice. For most of America, there’s no assumption you’ll be able to afford/attend the best school you can get into. But for certain parts of DCUMlandia, it raises eyebrows to tell your kids they can’t go to Harvard even if you get in due to cost. If that’s you, you gotta tell your kids early and often, because they might be in for a rude awakening. [/quote]

I think it’s so unfair.  I was reading the wall at journal article today about the kids going to Harvard needs-blind for free. A kid that was middle class under $150k but in low cost of living area—while of our kids got into these top 10-20 schools we’d have to say you can’t go because we aren’t draining retirement t accounts.  We have about $130k in each kid’s 529, but they’d need $345k for these schools.  So - yeah it sucks to say sorry you can’t get go while both parents have always worked full-time, no time off.  It’s just not an equitable system.  These kids going need blind werent first gen they were kids of teachers (one chose to be a substitute-part time teacher).[/quote]

Life is not fair, and majority of people cannot afford $80-90K/year.  If you want your kid to attend one like that, you must make it a priority to save.  Otherwise, you are smartest to find a school you can Afford.  The differences between a T50 and a T100 are not real differences, it is much more about what your kid does while they are there.  And a kid with resume for a T50 will likely get merit at most 50-100 ranked schools, especially privates. [/quote]

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