Reply to Which college is worth $90k?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][url][quote=Anonymous][quote=Anonymous][quote=Anonymous]We will be happily paying 90K for our DC to attend Northwestern this fall.  We are currently paying 70K/year for a SLAC ranked in the 30s with a merit scholarship for our other child.

Leaving out the Ivys, schools we have toured that we would have paid 90K for without reservation include:

Brown
Wesleyan
Duke 
WashU
Vanderbilt

The truth is we would pay that amount for the school that is the best fit for our children.  It would have been begrudgingly at some schools and comparisons with schools that came in below with merit would be made along with a discussion of value.  That said, I expect those schools would have offered some merit to our students.

For our student that we are paying less for we are planning to put any difference towards grad school for her.

Our kids went to public school k-12.  We are (I think) a donut hole family.  We pay with a combination of savings and cashflow.

If we had to borrow any of the money it would be a different conversation.  Net worth about 5M+, we are 8-10 years from retirement.
[/quote]

You are not a donut hole family, you have five million dollars.

Even if 1mm of that is not liquid (house), you have enormous resources.

Full freight for four years at (e.g.) NYU for two Larlings is less than 25% of your net worth.

This conversation is not about you, homey.[/quote]

How nasty you are.

The question was what is worth 90K/year.  Without knowing resources the question is meaningless.  If we had less and our child got into a top 10 school we would qualify for financial aid and be paying a lot less than 90K/year.

I am a long term, admittedly senior, fed.  UMC in a HCOL city.  [b]Isn’t that the definition of donut hole?[/b]   With fewer resources we would get financial aid. I know we won’t get financial aid and that is because we had the ability to save and we chose to save.

[/quote]

DP.

No.[/quote]

Please define donut hole where families with incomes above $200K/year are getting substantial financial aid.

The vast majority of our NW is retirement savings and home equity.[/quote]

Ivies, Chicago, JHU, MIT.[/quote]

Haaaaaaa!!!!! Hasaaa!!!!

My kid was accepted to two Ivies, Pomona , JHU and we weren’t offered a single cent.[/quote]

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