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Reply to "S/O What is our obligation as parents regarding college $$$?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So let me ask this question that seems to be at a heart of a lot of this exchange: Why do some people think that a state school is somehow inherently not as good as a more expensive school? What is the barometer that you are using?[/quote] I think some people think that more expensive is always better, or think that private is always more prestigious. I'd be totally fine with my kid attending a good state school, especially if it was because it was legit a better fit because of location, programs, etc. [/quote] I don't necessarily thin that state schools are somehow not as good as a private school, and don't know anyone that does, either. I will give you an example, however. My niece got into UChicago for Economics, and GMU for Economics, with a full, free ride. She chose UChicago - her parents paid something like 250K for 4 years? Out of school, she got a job paying 6 figures, and about 3 years later, she's making about what her parents spent on her entire education. So yeah, that was a good investment, and I don't think any reasonable person would think that she would be where she is, without that education. [/quote] So here is the thing exactly. Had that child gone to the “lesser” school for half the cost to her parents, I think we can all agree she would be earning say 100k? So she makes more money, but either amount puts her WAY above the average income in this country. When people on this thread talk about the “value of education” what they likely really mean, consciously or not, is the ability to make money. And not just “comfortable” money. Some people don’t value that as much.[/quote]
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