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College and University Discussion
Reply to "Do many people pick publics because of money?"
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[quote=Anonymous][quote=Anonymous]YES. 30K/yr for UMD in-state. 40-ishK/yr for UVA in-state, depending on program. My oldest goes to a private university, sticker price 85K/yr, actual price 65K, due to merit. This is because his chosen major has a much better reputation there than at UMD, which would be in-state for us. He turned down UMD Honors. But if my younger kids want to major in STEM, I'd be happy for them to attend UMD. We're wealthy, but have conserved assets in part by enrolling our kids in good public schools and not throwing too much money out of windows :-) I do not blindly buy into the hype of college branding, even though I agree with you that name recognition/course rigor/access to top-notch programs has its place in decision-making. This is because building generational wealth, which I assume is the goal of most middle class families, isn't solely dependant on the name on a college diploma. You can set up your kids to do very well in life if wealth is funneled into your kids' downpayments on homes, etc, so they live debt-free and can stretch in their investments at an early age. [/quote] +1[/quote]
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