Reply to How does most of America pay for these elite schools?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We saved like crazy. We didn't buy into the DMV mentality that says you have to have a posh house, 3 expensive vacations per year, and the highest-end purse/car/electronics. I didn't put my own high-cost education (paid for by my parents' second mortgage and lots of my own borrowing for grad school) to good use rather than getting caught up in the SAHM culture. No family money whatsoever - my parents sacrificed a lot so that I could get a great education and I'm thrilled that I can do the same for my own kids.[/quote]

So your parents sacrificed so you could get a great education, you have now sacrificed so your kids can get the same. Presumably they are expected to do the same for your grandkids. Personally, a nicer house and some vacations plus state schools seems like a better idea than focusing your life around making sure your kid can spend 4 years at the right school. [/quote]

I was thinking this too. I know so many Ivy grads who need financial aid so they can send their kids to Ivy schools, and so on. The cycle of debt continues but I honestly think everyone is just hoping for massive loan forgiveness asap. [/quote]

No cycle of debt here, just a deep and abiding believe in the transformative value of education. My DH is an immigrant who worked his way through lower-tier state schools and prestigious grad schools. My grad school loans were paid off long ago. Our education sent both of us onto trajectories that would not have been remotely imaginable for either of our families. We have a comfortable life by normal standards, but we'd rather save for college than drive a Range Rover or live in a McMansion. YMMV but if you really believe that these are foolish priorities, I don't particularly want to know you. [/quote]

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