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Reply to "Is it responsible to spend 90K/yr in education?"
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[quote=Anonymous]Private college is a luxury, simple as that. Prices rise because there are many people with money and competition is high and schools can charge it. I's a luxury product. You already know the answer that going to a good state school is likely to give you the same result given all other variables (major, proactive job search and networking, etc) are the same. The only one factor that distinguishes $$$$ private schools from the state schools is larger pool or rich peers. If your kid is planning to capitalize on access to well-connected elites then it may be worth it, but there is zero guarantee this happens, it's a probability that's still rather small if you don't come from these circles already. If your kid is doing some special research or connected already with some professor/lab at one of these schools and it's their passion it also may be worth it, but still a luxury, and usually in that case you should expect some sort of FA or a scholarship. [/quote]
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