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Reply to "The New America: Elite Privates forever out of reach for UMC?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]But my point is that they are not inaccessible. They are just not “comfortably “accessible. [b]Households making $200,000 could afford it if they were willing to live like as if they were making $125,000[/b]. The OP’s premise seems to be that middle-class people should be able to afford it without any impact on their lifestyle. [/quote] The $75K spread doesn't take the tax on the $200,000 income into account. Those people would have to live more like they were making less than $100K, taking taxes into account. Moreover, that income doesn't go as far in e.g. DC as it does in Tulsa - and presumably the people earning it have not been earning it for 18 years. Whatever they were earning in the first 5-8 years was eaten up by daycare. The costs of housing and healthcare have also risen dramatically in the last 40 years, making it all the harder for people to save. Private and Parent Plus loans were not a thing before tuition soared out of control. [/quote] I agree with you that it is very difficult for families in that “UMC donut hole”, particularly those in high COL areas, to pay for the elite schools. I’m still not seeing how it’s a problem. [/quote] It's a problem because it makes certain kinds of education inaccessible in ways that it was not in previous generations. And it means that the schools themselves have student bodies made up of students from very wealthy families and from families who qualify for need-based aid, [b]which leaves out a sizable portion of the U.S. demographics.[/b] It also means that super high achievers whose families cannot pay won't have the opportunity to participate in the amazing things happening at these schools. [/quote] I think the fact that you think that families in the $175k-$225k range represent a “sizable portion” of US demographics just represents what a complete and utter bubble you live in. [/quote]
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