Reply to Target lower tier schools for merit aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For a very top student I would send them to the top college if they get in. It increases your families social capital pretty much forever. Our dad went to a top school and grad school and excelled and if neant great jobs for him as well as friendly intelligent colleagues and their families for us to socialize with. It meant that our parents could also afford good schooling options for us kids as well.

When dad died young and all of those things largely dried up our lives changed drastically and it was not good. We ended up going to state schools, including the Maryland ‘flagship’ and maybe it’s changed, but we encountered indifferent and sometimes outwardly hostile professors, many classmates who didn’t care much for school, a job track to a place where I faced discrimination and sexism in my field (another woman from a top school did not face similar discrimination) professors from top universities who just assumed that we were dumb and inferior compared to students at their schools and who weren’t shy about saying so. I still enjoyed my education, but my child now has the chance to take her brains and study skills elsewhere for a better education and future and we figure that that is what money is for, much like my grandparents invested their precious resources in my father.

I think that the people who discourage  spending money on a child’s education don’t have children with that option and they want to discourage you from taking that opportunity to equalize things for their children. [/quote]

+ 1. This is the attitude that most Asians have.  Sure they start earlier than others in terms of educating their kids but the end goal is the same (of course everyone else calls it prepping but that's another thread).  I remember my father borrowing money from his retirement savings to pay for private school for us (there were no good public schools where i come from).  My parents would sit late at night and discuss how to make ends meet.  The objective of every generation should be (1) to take care of the previous one (2) ensure that the next generation is better intellectually, financially and influentially better than their own.  [/quote]

Proud to be an honorary Asian then.

I would also say that if your kid goes the public university route you really need a PhD. I was an A student in a tough field, but I stopped after getting my masters degree which was a mistake. [/quote]

Don't you think it depends on the field of study though?  I'm in consulting (think Accenture).  Most people here don't go back to school after undergrad. Even at the partner level.  I see that it's the same across the industry.  I realize that high end consulting (e.g.McKinsey) draws top MBAs but I rarely see Ph.Ds.

I'd say the same goes for IT as well unless you want to teach.[/quote]

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