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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How many more free things are available to the rich who don't need them. I was fortunate to grow up UMC in NJ but I totally noticed this when I arrived in NYC biglaw. My law firm -- free breakfast every morning; lunches at least 2x/wk through some CLE, lunch meeting etc; cookies in the afternoon. All of this is in the "attorneys lounge" -- so not available to the secretaries, support staff, janitors etc. who were living paycheck to paycheck on 40k or less in NYC. We didn't need the free breakfast -- associates can spend $5 on a bagel and coffee; yet for someone who is paycheck to paycheck, that $5/day savings is $25/week that can pay a half a month of electric.[/quote]

Not sure how prevalent this is but I know of two college students who chose to attend out of state schools with the full funding of their college funds and brokerage accounts which allowed them to take advantage of loopholes to show they were in-state residents (show that you are self supporting) and as a result, were able to obtain in-state tuition rates for most of their four year attendance. They both had out of state peers who obtained student loans which prohibited them from qualifying as "self supported."[/quote]

I’ve heard that before. More common in my area — mom and dad buy a house in the college town bc it’s a good investment compared to dorm rent. To take it one step further for state schools, they put the deed in the college freshman’s name and now with his fully funded college account and house in the state, he gets cheap in state tuition. And of course the house is large enough and in a nice enough part of the college town that 3-4 roommates pay the lions share of the mortgage. 4 yrs later kid walks out with no college debt and an investment property that either generates rental income or is sold for a down payment to buy wherever the kid lands. All of this is great and everyone would do it if they could, but it’s just gotten to the point where if your kid wasn’t born on third base, he may never get there even with 3 singles.[/quote]

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