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]Yes, it would be insane to borrow

We sent DC to Columbia full pay, although it was a stretch for us. We live in MD and while UMD is great, it wasn't strong in DC's intended major. Other out-of-state publics would have been $55-60k, so not a huge leap. Our HHI is $250k. We had saved for college, plus we paid out of income on the 10-month plan, plus we had help from the grandparents. So DC finished with about $20k in debt.

Columbia isn't part of the the "HYPS" acronym, but fwiw, it's acceptance rate is lower than P or even Y some years. They're all around 5-6% (H and S are closer to 4-5%). Until maybe the middle of the last century, Columbia was ranked as high as the others in popular perception. Not sure what happened--maybe all the addicts in Morningside Heights during the 1970s and 1980s.

Columbia was great for DC, who entered afraid but emerged confident after competing with some of the brightest kids around. Now DC has a great job in a field that can be tough for recent grads.

Haven't had enough experience to know about the network yet. However, it's untrue that the kids with connections are  all jetting off to Aspen on the weekends. Yes, they belong to that snobby frat (forgetting the name) but normal kids like mine do know kids in that frat and don't report being excluded from parties or other things.[/quote]

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