Reply to How do you grapple with the cost of expensive colleges?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I have a hard time believing that potential Ivy/Stanford admits are being counseled into UVa and UM due to cost. [/b] It does seem that earnings between about $150K and $230K are basically confiscated by the schools, because we put 3 kids through very expensive privates on a $120K income and received about 60% grant aid doing so.  We also did a $220K cash-out refinancing of our mortgage to pay the bills.[/quote]

Well, believe it.  It is true.

Half of the Blair SMAC magnet goes to UMD-CP every year.  Do you think none of those students are qualified to attend Ivies and the like?  They go to Maryland because their parents are in the donut hole and cannot afford $70K/year X multiple kids, and because many of them receive a free ride at UMD.[/quote]

why don't these people save ahead of time? so selfish. they spend all their money on over price shit shacks.[/quote]

You are out of touch.  They do save.  They save a lot.

$50K/year X multiple kids still doesn't cover it.[/quote]

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