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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have saved enough for in-state tuition.  It’s the jump between in-state Maryland and private times two children.  That’s 100K to cover 4 years at UMD for one child versus 280K to cover 4 years of private room and board.  Now we would be talking over half a million dollars ...on top of living in a high cost area.  We are good savers, but not great investors and to have a spare 500,000 we would have needed a good investment like if I had held onto my townhouse (who knew it would double in price after I sold it) or invested in Apple way back when.

So for me it’s the reality of in-state flag ship becoming even more competitive and hearing of good students getting Spring admissions.  It’s also like the Ford cars of the 1900’s  “look, you can have any color car as long as it’s black”.   To have choices other than in-state, my dd would need merit and/or out of state public college.[/quote]
+ 1. Most of the UMC people from the DMV area (a high COL area) who sound frustrated are in this situation. [/quote]

+2  In Va, the cost of attending the top schools (UVA & W&M) are 33-40k/yr which is a lot more than national averages you hear about in-state tuition etc. And your kids have to be in the top 5% of SATs and top 10% of their class and take a large amount of AP/IB courses to get in. The combined entering class of both these institutions of in-state VA students is just above 6000 kids and they need to get representation around the state.  Not every high-achieving MC/UMC NOVA kid can go to their top in-state school(s).The picture is similar in MD.   Parents whose kids are not a sure thing for those, start looking to less competitive out of state flagships, private schools. They also consider JMU, GMU, VT, Towson, UMBC etc. but those are often far from what they pictured for their students who have 4.0+ weighted GPAs and 1400+ SATs and lots of talents--but just miss the cut-off for their state flagship in the most competitive states. Conventional wisdom has been telling parents the "smart" thing to do is save for in-state public tuition.   So both selectivity and the rapid rise of costs has left parents scrambling to find options for their kids.  People with 200k+ salaries can often cashflow the difference, but those between 100-200k seem to have the most struggle.[/quote]

+1000[/quote]

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