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College and University Discussion
Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"
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[quote=Anonymous][quote=Anonymous]I understand the justification to attend a top college in a full pay situation. But really the question for me is why is the direct cost for those colleges and the next tier down $85-$90k? It doesn't make any sense. Even though I can afford that without impacting retirement, I can't understand why this product (college) is that expensive compared to all the other products big and small we purchase every day. But then, I don't really understand why someone would buy a Lexus instead of a Toyota. Same thing underneath the hood. just looks a little nicer on the outside. [/quote] If you cannot easily afford the higher price, then you should smartly choose what is affordable to you. Same as with the car analogy. You buy what you can afford because both get you to work/etc. Same with college....you can get your BA/BS in XYZ at a state school or at an Ivy. The difference is minimal, it's more about what you do while you are at college. [/quote]
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