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College and University Discussion
Reply to "Ivy worth full pay? "
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[quote=Anonymous]OP, you don’t want to tell us the schools so it’s hard to choose based on merit. So we can only opine based on financials: 1) how much do you have saved for college for this DC? 2) how many more DCs do you have who want to go to college and how much have you saved for them? 3) how much have you saved for retirement and when do you want to retire? 4) how much debt do you have now before paying for college? Pretty easy decision after you answer these questions honestly. The question is not whether an ivy is worth it, it depends who’s asking. A Ferrari is worth it for a Goldman Sachs senior partner but not for someone making $70k a year with credit card debt. Plenty of Ivy grads make under $150k a year more than 10 years out. Don’t go into debt to pay for it if you can’t really afford it. It’s not some magic wand to made your DC instantly happy and rich. [/quote]
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