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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]But to back up: a person with a college degree outlearns a person without a college degree by a million dollars over a lifetime. That's a lot. Unless you're paying 400k upfront. Because then the money doesn't make sense at all. If you had two choices: 400k now or 1mm over the next 50 years, you'd say give me that aftertax 400k cash rn. Because you understand Net Present Value. These colleges are brand name luxury items, full stop. [/quote]
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