Reply to How important are college costs to you, even if you can afford any college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I won’t pay a lot for clothes or cars or alcohol or beauty treatments or jewelry or fine dining any of that stuff but yeah, I will pay tuition at whatever college my kid wants to go to. My kid goes to an $80k school, my pants are from Old Navy. Makes me happy. YMMV. [/quote]

+1000

DOn't understand the "I'll pay for an ivy or Stanford/MIT but after that, I'm not paying $80K". If you can afford to pay, why would you not want your kid to attend the best college of THEIR choice?

And if you would need to take loans for the IVY/S/M I don't call that affording it.  I'd ask, why would you take $40-50K/year just for that.  Ivies are great school, but really not that much better (or even better at all) than many of the other T50 schools.  For me it's more about major and fit.  But I wouldn't go into debt for any school if I had other choices I could afford (but it's a mute point as I have saved and can/am sending my kids to full pay expensive schools)[/quote]

Because paying 80k "after that" is just plain stupid, that's why, and most 18 year olds aren't sophisticated enough financially to realize that.  So you have to step in.  Why is it that folks don't think twice about denying a kid anything but a college education on the ground that the thing they want just isn't worth the money.

We had one kid get into UVA and Notre Dame.  Yes, we could have afforded Notre Dame, but we can afford lots of things that we don't buy.  Are we really just expected to pay double for Notre Dame just because our kid wants us to?  Sorry, no.  [/quote]

So what kind of cars do you drive?[/quote]

And how much is your house worth?[/quote]

Primary residence is worth $1.8 million.  Second home is worth $900k.[/quote]

Why do you need that second home? What a waste.[/quote]

LOL nice try.  We're not throwing money away on it.  We didn't pay more for it than it was worth, and it's an appreciating asset.  Unlike some BS no-name second tier overpriced private college.  [/quote]

Is this OP? Wow, that's rude.[/quote]

Not OP.[/quote]

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