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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are full pay at a $70k Ivy and $50k private - sometimes I fantasize about taking the money and buying a franchise for DC instead [/quote]

We are a high earning family and like one of the PPs are only willing to pay for in state tuition. Period.  Luckily my kids are smart and took the free option. This allowed us room to set aside money for their first home. We have 2 rental properties in FFXCO and each kid will get either the rental deeded over to them and have their first home for free, and nearly mortgage free or can take profits from the sale and for a downpayment on the home of their choice and in the location they want. The equity in those homes is substantial.

I feel like a free education,  plus a huge boot up into early home ownership will pay off much more in the long run that an expensive name brand school that only pays off upon obtaining their first job.[/quote]

Financially, I don’t disagree this makes sense but I think[b] it’s a bit too controlling[/b].[/quote]

How so?[/quote]

Look, your kids are super lucky.  In our case I simply wouldn't force the kids to go to a state school.  I might tell them it's smarter (and they are welcome to keep the money which in their case they are because their 529's are already fully funded for private) and I think it is smarter outside of the top privates, but I will allow them to make that choice.[/quote]

I'm not PP, but I do have a DC who is a college student and a second who will start college this year.  We have a budget, and they have to adhere to it.  That is completely rational.

What is irrational is giving a 17 year old complete control of a decision the cost of which is the same as what you would pay for a house in many parts of the country.  That is nuts.[/quote]

If you are not a "high earner" as PP bragged, then yes, a state school fully paid for is very generous and a good choice but to be high earner and would prefer a grand house, fancy vacations, housekeeper, yard service, nannies, then it is a bit selfish and strange.[/quote]

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