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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I've been living inside the DCUM bubble for a long time. My first kid is going to college this fall, and I've joined a few college Facebook groups. I am absolutely gobsmacked by the lack of financial resources and acumen among most people in this country. Many parents seem to be surprised that they can't afford the college their kid got into, or are strategizing about how to take out loans for the entire 4 years.

I recognize that most of us here are privileged in one way or another. Either we are high earners, we've diligently saved for school, or we understand that you shouldn't go somewhere that you can't afford. It's insanity out there.[/quote]

Not everyone is well informed about college costs. Families of immigrants and first Gen college attendees aren’t familiar with the system. Also colleges usually advertise costs with average aid factored in, not everyone gets full or even enough aid.

What’s crazy is college costs, specially top ranking colleges. Colleges can keep it high for international and non citizens but they should lower costs for citizens to a more affordable level. College cost is nothing for rich, poor make it with aid but for upper middle class family not gaming finances, this is insane amount of money to pay. Their only option is to go to much lower ranking colleges offering merit money. [/quote]

Asian immigrant families for the most part are well versed in terms of how much education costs, tbh it's the lower middle class or middle class white families that struggle. If you want to understand the process, there is no excuse nowadays, all the information is out there. No woe is me for the immigrants etc. Also, if you start saving when your kid is little there is no excuse not to have enough saved with the stock market post 2008,what the heck were you all doing with the money??!![/quote]

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