Reply to $80K+ tuition

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Reply to "$80K+ tuition"

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[quote=Anonymous][quote=Anonymous]I have a 12th grader and for our family the answer is yes.
Why?  My child is still recovering from education disruption and I believe the tuition is an investment in their growth.  What am I buying with $80K+ a year that is not available for my child at a lower cost?   My child got into a reach school so there is some prestige for them.  The school checks the boxes for what my child wanted - location, ability to play sport, program, diversity of school.

What will be the financial ROI? It will probably be negative?  Do I believe that this college is a place that might just be a little easier to connect and create a community for my child? Yes - and for me this is like the MasterCard commercial - priceless.  [/quote]

But how much debt will you and your kid have after the 4 years?  Genuinely curious.

I personally do think many schools are worth it.  But we have fully saved and could cash flow easily without a 529 (Our EFC is 7 figures....so $85K/year is just a blip on our finances).

However, I wouldn't go into more than $40-50K debt for undergrad.  It's just not worth the debt, especially when med/law/some profession school that costs $200K+ is on the horizon
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