Reply to Don't Send Your Kid To Big 3 For Ivy Admissions. Send Them To Public Or Less Competitive Private

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Reply to "Don't Send Your Kid To Big 3 For Ivy Admissions. Send Them To Public Or Less Competitive Private"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
I generally agree with OP, with the caveat that Ivy League schools are a lottery for anyone these days, and that what s/he writes is more appropriate for second tier universities.

Now if parents wish to send their kids to excellent, academic private schools just for the intellectual environment, or for the social connections, I think that's a perfectly valid reason... as long as they can afford to. I really don't think there is much return on investment to bleeding yourself dry just for those schools, and I seriously question the judgment of families on financial aid at these types of institutions. There are better ways to get ahead in life, both intellectually and socially, if you are on a lower income.
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Ooh. Please tell me more about how you question my judgement. What "better ways to get ahead" are you recommending? 
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PP you responded to. Well, the biggest driver of generational wealth and economic opportunity today is inheritance and pre-inheritance family donations. This is an important truth that families need to know. What you could be doing is sending your kids to your local public (perhaps it's fine, or perhaps you can afford to move to a slightly better district without breaking the bank), and investing the money in the stock market. It's had incredible returns these past decades. This is what we've done. We can now afford to pay for college and grad school for our kids (they won't need loans), and in the future, downpayments on homes, and hopefully further gifts. Instead of being burdened with education loans and rent, they will be able to invest in turn, or take risks in their careers that might pay off later. And all this on a not-wealthy income, which we did not further deteriorate with private school tuition.

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