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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thinks it’s very common for kids to want to get away either because they think it will be HS all over, they think their parents won’t cut the cord if they are nearby, or they just want to go someplace different than where they have lived their whole lives. That said, there are lots of things I too would like if someone else is willing to pay for it, I’ve learned with my kids is if it’s our money - no problem but when it’s their money and sacrifice involved then you know it’s really important to them.

So our deal is we gave a budget that was a little higher than in-state.  To go out of state they needed some combination of things to make it work like merit, job, and loans.  So realistically they had to be willing to look OOS, maybe someplace not ranked as high as UMD, in order to maximize the chances of having an OOS option where they could get in and be offered merit.[/quote]
Having the same discussion with our DC.   Most of the oos colleges that DC could get into with merit will be lower ranked than UMD. All just so that they could experience living out of state.  I mean, is PA all that different to MD?   [b] Do they really want to spend their $60K that they inherited on going to a lower ranked school for 4 years rather than saving it to help them get their own place and/or a new car after graduation?[/b]

[b]I don't think 17/18 yr olds can really understand the opportunity cost of spending that much just to get a different vibe.  [/b]I 100% support DC in doing a semester abroad, but spending $200K+ on a lower ranked college just because DC wants to get away from MD seems like not a smart choice.   [/quote]

I don’t know if future downpayment in a home is tangible enough but kids do understand car/no car, needing to work vs not, and loans vs not if they’ve had to be inconvenienced by not having a car of their own, had to work, and taken personal finance including understanding what rent etc costs are like in this area.  My thing with getting into a school lower ranked than UMD with merit - is it could be a big pond little fish vs big fish little pond scenario.  I’m a believer it’s what you do once you are there, not just about where you go.  In addition, I assume companies local to the school probably recruit from the school. I saw first hand that the Denver office of the company I was with out of college hired a lot of UC Boulder grads, the NJ office hired a mix of many colleges including Princeton, NYU as well as Rutgers and Stevens Institute of Technology.

[/quote]
Too many people don't understand the long term ramifications of getting college loans.  Heck, we taxpayers just bailed out several thousands of these people in the tune of billions.

Yes, there is the element of "big fish little pond", and if you are talking about big metro areas with lots of jobs, I might agree with you (Boulder is at least in a state with decent job prospects). But if people are picking no name universities in the middle of nowhere just because they want to get out of MD, what are the job prospects for such grads?

And btw, I went to a B/C rated in state university, so I'm not a prestige name wh0re.  But, it was in CA where there were lots of jobs. I certainly wouldn't have paid oos prices for a B/C rated university in a state that had lower job prospects.  That would be a dumb move.[/quote]

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