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][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]

+1 
I thought it was pretty much a given that parents would do whatever it takes to help their children get ahead. I'd be willing to eat beans to send my kid to Columbia. [/quote]

But here's the problem.  Let's say you yourself went to top schools and you finally finish paying off your student loans and then you realize that in order to afford the same for your kids you will have to live in a tiny house and vacation only at places
you can drive to, and always wear clothes from Target and eat only generic brand food in order to afford the good school district and the lessons and the enrichment and the tuition so that your kids can go to these same schools.  Then when they graduate, they can live in a tiny house in a good school district, wear clothes from Target and eat generic brand food so that they can pay off their loans and send their kids to those same schools.  [b]So when exactly does anybody actually get to enjoy their income and their life and have a life that's significantly different from the regular people who make less money and go to state schools?[/b]  That's the part I had trouble with -- at the end of the day, even with the expensive education, you end up at the same place as the guy who saved his money.  We went to look at a beach house this weekend, and the guy who was selling it was a retired fire fighter with a really good pension.  I wondered why I spent so long in graduate school, etc.  when this dude could afford a beach house and we probably won't be able to.  What's all that education for?[/quote]

Your operating assumption is that prestigious school = make more money, which is not by any means a given.[/quote]

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