Reply to If I am full pay, am I a sucker?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You’re a sucker in the sense that your full pay is subsidizing other kids.  But at your alleged salary, it’s no big deal, right?  In any event, try to adjust your attitude to understanding that there are those less fortunate than you are.[/quote]

This is such a myth. Full-pay families are not subsidizing other kids because the cost per student is far more than the sticker price. Actually educating a student at an elite college costs $100K+/year. At these schools (the elite ones that don't really offer merit aid), the difference between tuition and the actual cost is paid for by interest from enormously large endowments.

FWIW, I know that we are likely to be full pay parents, but I don't consider ourselves suckers. As one PP noted, I consider ourselves very, very fortunate. In the grand scheme of things, it is really morally appalling and politically unsustainable that there is such a huge difference in wealth between the top 1% and the lower 90%. [/quote]

Yes,  but merit aid goes to the top 1% too.  Some of them are great students willing to go to a less great school for a discount.  Others are much more run of the mill students,  whose parents just demand and get a discount.   There was a great article a year or two ago on Franklin and Marshall College cutting off merit aid for these non deserving parents,  and redirecting the money into financial aid. It was great for the college.

Because yes,  you are a sucker if other rich parents are getting a discount,  but you're not. [/quote]

OP here.  Which is why I pointed out that our DS will attend a school that gives out very little merit aid...only to a handful of kids who are just over the top unique achievers.  On the other hand, another school he got into gives out lots of merit aid.  It was his safety though.[/quote]
If you truly make 800K$ a year, why do you care?   Tuition of 40K is just 5% of your annual income. [/quote]

Using the same logic, your house should cost X for you and 2X or 3X for someone making much more.[/quote]

Are you the same poster who compares purses and cars to a college education?  You seem to not have a very good one yourself as you don't know what you are talking about.[/quote]

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