Reply to I’ve observed that truly affluent families are blasé about where their kids go to college

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[quote=Anonymous][quote=Anonymous]new to post to this thread, but IDK about the NYC types. I think that's me and I think we're the types who may be turning on prestige.

the super rich can buy their way in, it's a luxury product and why not.

then there are people like me who are rich enough, but self made. At 50, we have a net worth of 4mm and have just reached peak earning years. We could double that in the next 15 years.

but some of that is tied up in housing, retirement, etc.  it's not all liquid. our kids go to test-in publics so our nut is not enormous but we travel, kids have activities, etc.

and we wonder .. 3 kids at 400-500k each for college? does that make sense? my DH and I got rich slowly - working, investing, we each had bought an apartment in NYC before we got together. I don't see a way my kids could buy an apartment on their own in their 20s they way DH and I did.

And what if they want to be a teacher? or a journalist?  or own a shop?  That hardly seems possible in their home town of nyc without a lot of help.

So .. why spend this all in 4 years. We value education, but why not go for that merit aid at Grinnell or the like?

Also, we just don't have the ego to care.[/quote]m

You aren’t rich….[/quote]

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