Reply to Are We Crazy for Questioning a $250k US Degree and looking abroad?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No we are seriously considering UofT (Toronto St. George campus) for DD. As dual Canadian-US citizens, tuition will be around $10K US atu UofT versus $45K US for a similar oos public uni.[/quote]

No brainer. Our kid trying to decide between Edi and StA, both over USC which was his best admit in the US, but no merit.[/quote]

No financial aid at USC? Average yearly cost of attendance is $41k.

https://bigfuture.collegeboard.org/colleges/university-of-southern-california/tuition-and-costs

I get that most of these examples are made up, but either you have the money and it doesn’t make sense to scrape the barrel for good deals overseas, or you need financial aid and US universities will give you some.

Also 8 APs will be enough for one year of general education credits, if you need to graduate early.
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this is a really old way of thinking. plenty of people have a couple million dollars and don't get FA -- but paying 800k for two kids seems ridic.

St Andrews and Kings were on the table for my kid. Would have taken those over a lot of other 90k options, like Georgetown or BC. Got into HYP so decided it was worth it.  60k is a lot cheaper than 90k.

I was just talking about this last night with some mom friends - taking Wisconsin over Michigan bcs the price is a lot different. This feels like the same thing. Is MI a "better" school? I guess.  Will your outcomes be actually different, probably not. And, say, giving the kid a paid off car at college graduation, 2k a month for rent for 3 years, and moving that 35k from 529 to Roth in early 20s would both meaningfully make a kids life better. OR paying for grad school. [/quote]

Everyone has their own financial priorities. If $60k is your budget run a net price calculator and don’t apply to USC, and BC if they are over that line. Quoting the sticker price tuition to compare is silly when so many students get a discount, but it will be dependent on family finances.

What people consistently say here is that a US Public College is similarly priced if not cheaper that a UK Public University. I’d take UVA, UMD, MI, Wisconsin, Delaware, Florida, U Texas, UNC, Georgia, UMass, UDub, SUNY, UIUC, UCs, UC Boulder, Minnesota, etc over Durham any day if I’m in state. Most states, especially the populous ones, have a flagship that’s decent, and cover more than 80% of the US population.

Save the money for grad school if that’s your thing.[/quote]

I'd say more people on this forum than not pay the sticker price.

for top 25 schools, fully half pay sticker.  and it's not that hard to be in that half if you're a two income professional couple. at all. You apply to BC etc because you dont know what your final choices will be. USC might be the best you get. Would I rather pay 95k to Yale than BC? Sure. But I dont know that going in. what I know is I'm paying sticker at these schools that have very little merit.  To get merit, you need to go down the rungs a bit. Which is smart to do too[/quote]

If you’re a two professionals married couple, you are making enough to be in the top 10% families by earnings with a threshold of about $200k.

I find it ridiculous when people complain about college cost in that income bracket. Try being raised by a single parent making close to minimum wage. You’re providing all the advantages to your kid since birth, but you’d also like a deep discount from colleges. If you don’t want to spend your money, in state is a decent and viable option. But a lot of these people are chasing prestige and aren’t happy with it.

Don’t apply to BC if you’re certain you can’t afford it, run the net price calculator beforehand. [/quote]

or consider looking abroad, right? did you lose the thread here?[/quote]

Won’t be better than state flagship.[/quote]

Ok…you go to U of OK….My kid will go to Durham..[/quote]

Your derision of University of Oklahoma just underscores how clueless you are about the vast differences in (research) money between US and UK universities.

Durham
Total budget $0.5B
Students 22000
Tuition (US) $40k

Oklahoma University
Total budget $1.6B
Students 30000
Tuition (in state) $10k

If you’re complaining about the USC tuition at $70k and searching for a discount at Durham at $40k, for sure you windy mind doubling those savings by going to OK. Not to mention you could pick a lucrative major like Petroleum engineering where OK one of the best universities in the world.

But sure, send your kid to Durham if that satisfies your cravings for cheap prestige.[/quote]

I’m not the poster above. I’m the poster with the kid accepted at USC and Durham. Have no idea where OU is coming from. 
Someone here mentioned I was lying for saying my kid had no merit at USC. Sorry but that is the case here. His was accepted, but no merit so yes, it is not $40k, it is $100k Plus per year. And before you ask, NO, cost is not the only reason. Kid wants to go away anyway. But yes, the cost at Durham full pay vs USC full pay is not even in the same dimension, specially when one is 3 yrs vs 4.

I think a previous poster mentioned that most kids looking at UK or EU schools are not comparing it to state schools. This was the case for our kid. He applied mostly to US privates….and so far, despite some good acceptances (USC, WashU), he has revived zero merit. And I dont think this is a far fetched as some here quirks like to believe. At our income bracket and at our school that has been the norm….lots of great acceptances, not a lot merit from the better schools. Could my kid have received amazing merit from a worse ranked private, sure….but his heart is on moving on anyway.

Still waiting on St Andrews, but we will be touring these schools soon. I was just asking others about any experience with these schools and kids who turned down good acceptances in the US for UK/EU schools. I’m not asking for the  opinion of those with no kids abroad arguing about what is better…
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If you advised or allowed your kid to apply to USC and Washington University when you know for sure you can’t afford, then that’s bad parenting and I feel bad for your child.

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Who said I cant afford it? I never said that. You are obviously confusing me for some other poster. Read what I said… Unlike a lot of ridiculous parents in here, I’m not the one making my kid go anywhere….yes, we can afford USC, even with no merit. It would be tight, but if that is what he wanted , he knows he can do it. HE is the one deciding to go away for college, despite us being ok with paying for USC or WashU…..My only comment was that one advantage for us if he goes that route, is that it would be much cheaper….I’m not making the decision for him. [/quote]

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