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College and University Discussion
Reply to "At what HHI are you willing to pay for an ivy league school"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The odds are that your child will not get into any of the Ivy+ schools. So it's not really a problem for 99%. If your child is on track to go to an elite school and you're earning $250k+, its not that hard. Most folks earning UMC incomes have had a pretty good idea that their children would go to college since before they were born and have steadily put away some money over the past 18 years in preparation. Of all the financial hurdles you face in life, college is probably the most predictable. At UMC income levels, the choice is yours, just like most financial decisions. How big a house? How nice a car? Not, can I afford a house or a car. Would you rather wait until you die to give your children money or would you rather see them reap the benefits while you're around? Is giving a down payment on your child's first house closer to your values[b] than the best education you can afford[/b]? [/quote] 99%? You're exaggerating. Ivy+elites have acceptance rates ranging from 5%-15%. If you take away the dummies who have no chance but fell victim to BS marketing, I bet it's more like 10%-25%. It's far from impossible for an UPM student to get into an Ivy+elites.[/quote] The bold is the debate. Ivy league is about brand. It isn't necessarily the "best" education. [/quote]
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