Reply to Are privates that don’t offer merit aid still enrolling the best students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid is turning down an Ivy that’s $85k/year for a full ride at a flagship. According to my kid, they are far from the only one of their classmates making such a decision. Kids talk.

What are the consequences to this as the years go on & so many top students can’t afford elite privates?[/quote]

Haven't you been reading these boards?  There are more than enough bright students to go around.

One outcome may be that parents will learn how to save, starting at birth, instead of depending on the overpayment and generosity of others to fund their merit aid pools.    Perhaps also have a family size you can afford the education of.

[/quote]

Some of us do and still cannot afford $85K a year.  We had one child.  Saved since birth.  Bought a small sh@t shack (as in under 1000) square feet in a not so great neighborhood.  So, our kid knows they can go to a school we can afford.  Simple.[/quote]

Nothing wrong with that.  It's what should happen for all kids.  Attend somewhere that's affordable to you.  No reason to go into debt beyond the $27K federal max for student loans.  [/quote]

That's beside the point. After working hard, saving, the kids killing themselves in HS . . . they shouldn't have to. It should be affordable for all, not just the rich and the poor.  Your condescending lecture on the issue notwithstanding.[/quote]

It's affordable to anyone who made it their #1 priority. You didn't, and you absolutely cannot stop your teeth-gnashing and triyng to make that everyone else's problem. If your kid is so worthy that is is huge injustice, take out parent plus loans. [/quote]

But don't complain later that you need those loans to disappear.  All thru life, we make choices.  Daily I choose to buy things, eat things, drive things, wear things, etc that are AFFORDABLE to me.  If I want private K-12 for my kid, then it is up to me to make changes in my life so WE can afford it.  If not, I live in the best area I can manage to afford and send my kid to those public schools.  For K-12, only NINE percent of kids attend private schools. The remaining 91% attend public schools.

Same goes for college.  There are plenty of excellent choices that can be affordable.  Unfortunately, the T25 are mostly 75-80K+/year and may not be attainable for some people.  However, in reality, the majority of people simply won't be able to gain admission in the first place.  So why worry yourself about something so far fetched, when you can instead plan to find a great school for your kid(s) that is affordable.  Just because you "work so hard for 4 years during HS and have a 1600/4.0UW" does NOT entitle you to that education for free.  nobody is saying you cannot get an education.  Just saying if you cannot afford the $80K schools, there are literally hundreds of affordable excellent schools out there for your kid to attend.  If you choose to go into debt for it, that is your issue not anyone else's.  But you are NOT entitled to attend an elite school just because you got in.  If it was that important to you, then you had 18 years to make plans and adjust your lifestyle to accommodate that.  I'd argue that it's not worth it if you have to struggle to save the $320K for 4 years of college---pick a great school where your kid gets merit and it's only $40K/year and go there and never look back.  Attitude is a huge part of how successful one will be in life. [/quote]

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