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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Having been through this process, and saved quite a bit towards college, we still chose public school as do many people in our financial situation. [b] The biggest problem with the belief that "donut reality" means being shut out, is letting rich people convince you that expensive is better.[/b]  Despite what US news claims, in reality, a kid can have the fabulous life and a quality education and not deplete their parents of every cent they saved, plus take on debt and undue stress,  for an undergrad degree.   [/quote]

And they should stop reading this forum and the private school forum immediately :lol:  :lol: .

So many prestige strivers.  We had kids get into top 10 schools, but with no aid and enough in 529 to fully cover in-state tuition.  They chose the in-state option.

Frankly, the tables are turning.  More and more high stat UMC families are no longer paying for private/ivies.  The top in-state schools are getting stronger and stronger as a result.  [b]Add in the fact that many top employers have stated that they would rather have a top state college kid than many of the Ivies and you really are going to see a shift.
[/b]
The high cost of tuition has reached a tipping point.  It seems $85-90k is it.  It will be six-figures a year for privates by the time a Freshmen makes it to Senior year.

Now you only have the poor and the uber rich at Ivies which is an awful dynamic, but mirrors the US.[/quote]

Plenty of people keep making this statement...please, list the "top" employers.

Even the alums of Ivy schools such as Bill Ackman (Harvard), Marc Rowan (Penn) et al that are upset with their alma maters, have not stopped hiring the grads (that are not part of any "extreme" student organizations).[/quote]

And here's the thing:  Whether we acknowledge it or not, there are leadership positions including e.g. as a SCOTUS Justice which basically require an Ivy League degree, or a degree from a same-caliber school.  Those positions are a minority of the job market, but they exist.

As a PP pointed out, several decades ago anyone could pay for a degree from an elite school by working summers, taking out some modest loans, budgeting carefully.  Had higher education costs kept pace with inflation, HYP and similar schools would cost about $30K/year today - expensive for sure, but doable for middle and upper-middle class families with some belt-tightening.  This isn't the case however:  These schools now cost $85K+ and are inaccessible to most families no matter how much beans and rice they eat.

What changed?  Reagonomics.  In the 80s, legislatures decreased funding for state schools and they began to cost more out of pocket for the students. Private schools followed suit. The bar is set by public colleges and universities, so when they increase tuition due to decreased government funding, so too do private schools.

https://www.salon.com/2014/07/05/ronald_reaga...lesson_no_one_tells/

https://truthout.org/articles/the-cancer-stage-of-reaganomics/

https://www.savingforcollege.com/article/hist...e-bennett-hypothesis

It's true that other options exist.  It's also true that even these other options put financial stress on families, and that realistically, other options probably won't take a student to where they want to go if the goal includes certain jobs, because of the class system that exists in the US - the one we pretend doesn't exist.

People are angry because it didn't used to be this way, and doesn't have to be this way. [/quote]

No an undergrad IVY degree is not required---it's the Law degree.  And you can still get into top law schools from any other school.  However given that there are only 9 SCOTUS justices and they are appointed for life, the odds of your kid getting this job are slim to none.  
But if you want to be an elite judge, yes you need to aim for a T10 law school.  And there are plenty of kids who get there from non-ivy undergrads.  [/quote]

SCOTUS Justice is just one example.[/quote]

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