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][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]

I love the elitist on DCUM, always classy. In many fields, Ivy League really doesn't mean much. Spending a ton of money on college is often a bad move financially. That extra 200k that you saved could end up being over a million if you invest it instead. And that is money that you might need for retirement or maybe your kids inheritance.[/quote]

+1. [/quote]

Unless you want to work in financial, legal, or high-end consulting, an Ivy League degree is not a necessity (and, for legal, as long as your law school is top-shelf, it might not even matter).  (I work with people who care about where you received your education, and it's nothing but cull for people they perceive to be of the same social class.)  Why go into that debt if it doesn't improve outcomes?  Until someone shows me ROI that is corrected for socioeconomic status of family or origin, I think it seems like a fairly poor investment for the average American.[/quote]

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