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][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there are different kids of rich. The law/hedge fund/finance types in NYC & burbs very much care about where their kids go to school. What do you think the Varsity Blues case was about? I have a finance bronrelative who came very close to trying to bribe his kid into a top college but thankfully came to his senses when he realized his kid would struggle academically there anyway. So they picked an easier state school. And are now bragging up a storm about kid #2 who got into a fancier school on their own merits.

I can imagine that the wealthy who come from non-academic/non-intellectual industries care a lot less. [/quote]

Yeah, I think it is the difference between White Collar rich and Blue Collar rich.  For the most part, someone getting super-rich by starting a tech company, starting a hedge fund, working in P/E, etc. care much more about status colleges (and likely came from one).  [b]Someone that got rich in the oil fields, or becoming the largest McDonald's franchisee in the Southeast probably has a different attitude.[/b]

For the tech company dropout billionaires...college is a bit of a weird decision.  To them, the ultimate mark of success is to get accepted to Stanford, but then either not attend at all or drop-out after 1 year.  [/quote]

Lmao.  How DCUM / east coast urban area.

Throw in the “southeast” with McDonald’s.

We don't own a burger franchise and we don't have a building named after our family. We reduced oil pumping production in the last two days from 10,000 to 7,000 today because WTI prices dropped by nearly 1.6 percent.  You also have to understand that in Texas, just owning land is not a thing.  You must also own the mineral rights to the property.  You can own the land but if you don't have mineral rights all the profits from drilling goes to the original landholder.

To the OP, I'm not sure what you are after here.  I don't care where my kids attend college.  I just want them to graduate college with degrees in hand.  In my humble opinion, once you have your degree it is up to you to work hard and prove yourself. Nothing should be given to you.

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