Reply to Ivy League grad, still renting an apt. age 70

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I live in New England. The apartment is three blocks from my parents old house. I am single, no children. My only sister is divorced and struggled to raise two kids and I helped her. She inherited same amount plus a life estate (her sons will inherit) on the house she lives in now. She was SAHM and used a lot of her money to give private school and college degrees. She worries about her own retirement so I have helped along the years, seeing that she is my only family.[/quote]

Whole situation sounds like a shabby genteel mess. You were all over privileged and failed to launch.[/quote]

+1 This is why I tell my kids to go to State schools unless they get a large scholarship. Most Ivy graduates don't make enough money to make the cost worth it, yet they feel entitled to live far above their means.[/quote]

Agreed.  My kids are only 6 and 8, and even now I stress going to in-state schools on a regular basis.  Some private schools cost $80K a year now; by the time my kids are ready to go to college, they could be closing in on $100K a year.  Even out of state public colleges aren't worth it.  We can't afford to pay for private school tuition or most out of state public schools, but we make too much even now to qualify for financial aid. Higher education shouldn't bankrupt parents or set up young people for a lifetime of indentured servitude to repay loans.  [/quote]

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