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College and University Discussion
Reply to "DS upset about loans"
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[quote=Anonymous][quote=Anonymous]I had the choice: In-state paid in full by my parents or any school I wanted with them only contributing what they would for in-state tuition. In your scenario today’s prices that would be about $40k out of $90k. My dad explained loans, etc. I chose in-state. I now pay $92k each for both my kids’ Ivy education. We aren’t taking loans. It sure ain’t cheap, but I’m now more well-off than my parents were and we can swing it. [/quote] It’s interesting that you started in-state and did well, and now it sounds like your kids will also graduate with no debt and attend a prestigious school. In that case, do you actually factor ROI into the decision? Do you think they'd need that legacy and luxury donation later for their children and still able to afford the tuition? (In 20 years, $92,000 becomes roughly $244,000 with 5% inflation.)[/quote]
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