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]I think most people assume that going to the prestigious school will bump them up in terms of social class.  My point is that it would -- except for the fact that you immediately have to spend all that money on educating the next generation, due to the pricing structure at those same schools.  Make more money, pay more tuition.  What's the point really?  
If you go to an Ivy League school, I don't think it's unreasonable to expect that at the end you should be able to afford a nicer home and a country club membership and maybe a boat -- but instead, you just have to save all your money for your kids' tuition.  My parents didn't go to fancy schools and they have a nicer lifestyle than I do with the fancy schools -- because they were of the generation that paid much less for a house, much less for our education, etc.  And of the generation that actually gets a pension, etc.  
Maybe going to an Ivy League school had a higher ROI for Baby Boomers than it did for later generations.  Is there any research on that?[/quote]

Why do you think that it's reasonable to expect that an Ivy League degree should afford you a nicer home and a country club membership and maybe a boat?  Where are you getting that?

It sounds like you don't understand much about education.[/quote]

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