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College and University Discussion
Reply to "What's the Cutoff For Schools That Are Worth the Money?"
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[quote=Anonymous][quote=Anonymous]Assuming UMC, at what point does a school stop being worth the money (say sticker price) over cheaper options? Is it just Harvard and MIT?[/quote] We make 400-500k and have enough to pay for any college, but no so much as that it makes sense to pay for any college just because they like the school. I’m not there yet but my thinking is we will pay for state U full cost, plus up to 10-15k more. I will only go higher then that if the private U is significantly better then the best state school they can get into. It’s fungible, but I’m not paying double the price if the schools/programs are of similar rank/quality. I’ll give them my rationale, let them know what we save goes to them eventually. If it’s like 30k/yr , 120k total, how much is that if we invest and give it to you in the future? It’s a big number when you think about the compound growth. If we made 7 figures then I guess cost wouldn’t matter.[/quote]
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