Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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Reply to "Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These schools may not offer merit aid, but they all offer need based aid and many are need blind.  What's the issue?[/quote]
the issue is that many of us are donut families and can't afford $80k/year * 4 years * 2 kids.  That would be $640k.  That's more than the median price of a house in this country. And considering that so many people don't have enough for their retirement, it's stupid for people to not save for retirement over paying a stupid amount of money for the vast majority of colleges that are $80k per year.[/quote]

Agreed.  So in all situations, you save for retirement first, then send your kid to a school you can afford. 
It's quite simple.  So your kid does not attend an elite school that costs $80K/year---majority of kids wont, because most wont even gain admission.  
Likewise, your kid didn't get a $50K sports car for their 16th bday---neither do the majority of 16 year olds, yet some will.  Most of life is about making choices of what you can afford.  The good news is you can get an excellent education and excel in life while attending a school you can afford.  Success happens to majority of people who did not attend a T25 school.  [/quote]

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