Reply to Is it responsible to spend 90K/yr in education?

Forum Index » Money and Finances

Reply to "Is it responsible to spend 90K/yr in education?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]My oldest DS was accepted to both Northwestern University (90K/yr), and University of Virginia (40K/year) in 2020, and he decided to attend Northwestern University.  The total cost of attendance is around 360K.  His cousin attended UVA in 2020 (he was also accepted by Northwestern), and both he and DS received the same job at the same company. They both studied the same major, but his cousin has 200K in savings for not going to Northwestern.  He will take my DS a long time to save up to 200K in post-tax money.

My younger DS is a HS senior, and I explained to him that if he should go to UVA, if accepted, because it would set him up much better financially for the future.  I will invest that 200K towards his retirement.  Not sure if I am doing the right thing here.  Thoughts?[/quote]

Unless your son was so academically advanced that [b]the UVA Honors program [/b]would be a letdown, he was stupid. But it's hard to blame a kid for not understanding lifetime finances. That's on you. You basically played the role of a predatory loan officer, but you weren't even paid for it. You played your self and your family. [/quote]

there is no such thing[/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