Reply to Middle class families - Are you willing to take on a ton of debt for a top college?

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[quote=Anonymous][quote=Anonymous]I went to UVA for undergrad and law school. It's an awesome school. If my kid gets into Columbia and UVA, I would pay for Columbia, bc Columbia is a better undergrad than UVA. Columbia opens doors that UVA does not. How could you ever say you wouldn't pay for the better school? I could pay cash for her tuition, but even if I couldn't -- if I was the poors -- I would take out loans, beg on the street, I would do ANYTHING to get the $. That so many would be unwilling to do so is a terrific indication of why you are middle class in the first place -- you will not do whatever it takes to get to the top. Sad you condemn your kids to  your life of meritocracy. [/quote]
If the kid wants "the top" he can get loans, scholarships, jobs and pay for himself. If he doesn't have that kind of drive why would parents bother. Kid will probably be happier if you handed him the difference in cash. I am speaking from the "done with the rat race" point of view. Excellent education, zero drive, worked only as long as I had enough to leave. I paid back all the money wasted by parents on my education with interest (real one, not current interest). My kid's can decide for themselves. If they go to college, I will cover room and board, if their GPA is above 3.[/quote]

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