Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It already is. In theory, we could "afford" to send our kids anywhere. In practice, DC1 chose to stay instate (where we get a tuition break on top of lower tuition anyway, due to one parent's job). Total for DC1 for 4 years should be around $100K, which is about what it was for me to go to an expensive private college back in the early 90's.

It's truly hard to imagine how it would be "worth" $300K more for an undergraduate education. We're already seeing more and more great students choosing public colleges and universities, and that helps to make those schools better. I think the tipping point will eventually be that if costs of private keep rising, the best students will be choosing public, and then the whole system will implode. [/quote]

My DC is at a public college. Many of her classmates are from similar "donut hole" families. Very smart kids (in honors), but their families, like ours, balk at the crazy price of private schools. The private schools, no matter how many applications they get, are not getting applications from the very best and brightest kids from donut hole families. The wealthy and the poor will fill the colleges with $100k tuition. The rest of us will send our kids to public colleges. [/quote]

This. Is. How. It. Has. Always. Been. [/quote]

+1000

Nothing new here.  Smart parents will send their kids to a college they can AFFORD with minimal debt. Their kids will go far for many reasons.  Plenty of highly successful people do NOT attend a T20 school for undergrad. Just look around you.  [/quote]

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