Reply to making $250-$400K in NW DC and paying for college out of Wilson High school or similar

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Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here's the problem:

1) If you are medium HHI and living in a less expensive area, you aren't expected to make any sacrifices to send your kid to a private.

2) If you are high HHI and living in a high cost area, you are expected to make tangible sacrifices to send your kid to private.  And you are expected to subsidize #2.[/quote]

Edit: [b]subsidize #1[/b].[/quote]

How so?[/quote]

This:

[quote]"People do this at YOUR income level by saving 2/3 up front over the course of 18 years and cash flowing the rest, using loans as a last resort."[/quote]

Why should the above quote only apply to the high HHI folks?  Why is it that only the "YOUR income level" folks need to be doing this?[/quote]

? Because lower income folks will qualify for financial aid? This is a weird thread.

Financial advisors recomend saving 4 figures a month per kid for college for a reason, you know. How did this escape your attention?[/quote]

There are plenty of ways in which both #1 and #2 could live normal lives for their location and have little left over each month.  There is an expectation here that only #2 should be making sacrifices.[/quote]

By virtue of lower HHI, #1 is already "sacrificing" things that #2 will not be required to give up in order to pay full freight for college. The logic is that if you really want this expensive, coveted, scarce thing and you have the resources to afford it, then you will have to pay for it.  If there is no way you could afford it, and we really want your kid, we won't charge you.  And if we think you are somewhere between those two poles, we'll expect you to contribute.  [/quote]

I agree with everything you said with one exception.  #1 isn't sacrificing anything.  They are not making a choice to give something up.  Only #2 is expected to do that.[/quote]

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