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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make about $225k. Combined with what we're willing to take out of cash flow, we saved enough for our kids to go to a state school or a private school with merit aid (so max of about $50K/year). Yeah we could've gone 20 years without vacationing or not updated our 80s kitchen or driven 2002 Honda Accords, and then we could've afforded to send our kid to any private school they wanted, but...meh. We (collective "we") put waaaay too much emphasis on "the dream school" and "THE IVIES!!!!!11!!!" as if they're somehow going to drastically alter the trajectory of your kid's life or provide some sort of incomparable experience that could never possibly offered elsewhere and I just SMH. Especially when we know that outcomes-wise, that extra ~100K is very unlikely to ever "pay off." I have no desire to deprive ourselves for 20+ years. [/quote]

Nice excuses, Mom, but schools do matter for our kids and their futures. But enjoy your kitchen![/quote]

Not really. If you're white from an UMC background it rarely matters whether you went to an Ivy or flagship, especially on the undergraduate level. There's been studies after studies showing this over and over again. The only time it possibly makes a difference to this group is if you're gunning for certain consulting or investment banking tracks. Otherwise in 90% of the cases, little Johnny will have the same outcome in life whether he went to Penn or Penn State. And, yes, as an Ivy graduate I can confirm this because I see it around me all the time. And I can also easily confirm plenty of kids go to Ivies and other top colleges and do not end up "successful" if we define it by household incomes. You'd be surprised at how many are now librarians or teachers or social workers or other roles where they absolutely did not need the Ivy degree and would end up in the same place had they gone to James Madison or Towson.

AAs benefit the most from a fancy college, followed by Hispanics. Asians and whites the least.

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