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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thanks for all the (mostly) thoughtful responses. I think what bothers me looking down the road is that this has all the signs of a bubble: overvaluation, artificial scarcity, lack of regulation, cheating, etc. It's not an investment I would otherwise make. The value just isn't there, perhaps aside from a number of STEM programs.

My kids aren't trust fund kids. Anything spent on their education is earned by us, or is a loan. The whole approach to this seems crazy to me -- no transparency, corruption, very little concrete ability to perceive value. And the idea of just hand-waving how the "education" is worth it just seems like so much marketing fluff from this distance.[/quote]

Yes, this does look like a bubble (cost vs value) but the cheating and artificial scarcity is not a systemic issue. Your kid doesn't need to go to a school that is $70K per year and only accepts 10% of its applicants. But college is now equivalent to a high school degree for many careers. Bottom line, I think you are overthinking this; your child is in 6th grade. Save money, if you can, to help your child go to college, trade school or start a business when the time comes, whichever is appropriate for their situation and need. If your child wants to be a chef, they should go to culinary school; scientist, an in-state college; launch a software company, you can help them fund their start-up... There is no absolute path or answer to your question/concern.[/quote]

I think the cheating is systemic. It's not just the elite colleges. People are deluding themselves. Varsity Blues is just the tip of the iceberg.[/quote]

What do you mean by cheating? Students cheating on school work or do you mean parents cheating to get into mid-tier schools or public institutions?[/quote]

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