Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Forum Index » College and University Discussion

Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Funny you should ask this OP.

When I hit “submit payment” and a link to deduct $42,650 from our bank account last Tuesday- for ONE SEMESTER- I had the same thought. Who in their right mind really does this?[/quote]

1) those with over $20MM in the bank, 2) those with paying grandpas[/quote]

Nope.  HHI $230, have been saving since the children were little (started with $210/month for maxium tax benefit, as our income went up we did a little but more, plus bonus money, etc).  DC 1 got merit aid, so very inexpensive, will have funds leftover for grad school.  DC 2, attending am over $80k per year private, will be a stretch for us, between 529 and cash flow - there will be nothing left for grad school, they will need to pay on their own.

And, we don't go abroad for vacation, drive 10+ year old cars until they die, etc).  [b]We've made education a priority[/b]  [/quote]

So that your kids can take budget vacations and drive beater cars while making education a priority for their kids too? [/quote]

This is harsh but really worth talking about.  how is paying $80K a year for school worth it in this scenario?  Are you hoping that maybe your kid will break into the next income level and not repeat this cycle? The reality is that there is no guarantee that attending a $80k school will lead to ANY better income or standard of living than a $40k school.

it's just insanity that people like have fallen victim to the $80k trap.  it's honestly really depressing.  [/quote]

Okay OP - you change it, and get back to us. We'll wait here......[/quote]

Not OP.  There are many of us that feel this way.

living a bare bones life for 20 years so your kid can attend a $80k school which guarantees nothing is depressing.  Period. [/quote]

PP here - I agree.  Just saying that there are some things in life that you have to work with - when we could not afford certain schools, we had to look at other schools that fit our kids. That is just the way it is - to brood over something we have no control over is teaching our children to play the victim, and that is not helpful to them. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics