Reply to Paying for college $75K

Forum Index » Money and Finances

Reply to "Paying for college $75K"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Please don't do that. 3X $75k invested  and your child will never have to work again after 35. They'd rather have that and a state school degree than working til retirement.[/quote]
A lot of 18 yr olds cannot understand the impact of $150K student loans.

I ran the numbers with my DC and showed them how long it would take to repay the $150K assuming a $140k job.  They don't understand how taxes work; they see $140K, and think big money, but then you show them how much they will deduct in taxes, and they realize just how much their take home really is.  Then you show them the repayment schedule, and how that will impact their ability to save to buy a house.

Run the real numbers with your kids.[/quote]

A lot of kids understand it, but they also look at starting and mid career salaries at various universities and compare them. Somewhere like Emory may be much more expensive, but their grads are earning a lot more than Radford grads at every stage of their careers [/quote]

Not for the same majors, living in the same COL areas.  If you compare that, there probably is not that much difference.  Also, you have to compare it to the salaries from radford grads that could have gotten into Emory---so kids who are highly motivated and driven who just happened to go to Redford because it's what they could afford. Do that and the differences will be minimal.   You cannot compare the overall salary of someone with a 3.25 GPA/1000 SAT to that of someone with a 1550/3.9UW and 14+ APs because there is a good chance there will be a huge difference, unless the one kid really found their way in college.

However, there is a huge jump between Emory and Radford. A kid that can get into Emory can find many places between those two that will be affordable and offer what you want[/quote]

Has anyone ever done the study? Are employers in high col cities with high starting salaries even recruiting at third or fourth tier public schools? [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics