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College and University Discussion
Reply to "“the microsegment of the top 4 to 5 percent (earning $222,400 to $251,100) fares the absolute worst at t20 admissions "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Middle class always gets screwed[/quote] This isn’t middle class. [/quote] It is when you’re comparing to wealthy applicants. As pp above explained, you need to be rich or poor to get in (unless hooked by URM, first gen, or ROTC) Rich does not mean earning a salary of $490,000 a year, it means wealthy, millions plus connections and legacy type of wealth or at least wealthy enough to pay for a school like Exeter and all the private sports coaching and enrichment summers in between. I realize $500 a year sounds like a lot if you make $85, but it is not rich when we’re talking college admissions. Not at all. It puts you smack dab in the “you have privilege but not enough to help you get in, so we don’t care” category. [/quote] At $300-500K a year you easily could have saved enough for any school you want your child to go to. At $200K you can comfortably save at least for a state school. At $300K+ a year you can comfortably pay cash for one child to go to an expensive school. Life is about choices. If you choose to spend it all and not save, don't scream poverty. And, we managed to save for state school, pay off a house (nothing most people would want), pay for fancy sports and music and much more and still save for retirement. We aren't living large, taking lots of vacations or many other things typical but that's ok.[/quote]
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