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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Be smart and don’t overspend. Very few students are full pay at 70-80k a years. It’s less than 2% of students with that type of bill to pay. That is a luxury good.

You have 75k, add in 27k for Fed loans (I wouldn’t go above that with high interest private loans). Add in some more for cash flow. Maybe you can swing 40k a year.

That means go state school or only look at private schools with generous merit (they exist, there are lots that will get your cost from the 75k list price closer to 40k).[/quote]

At the T25 schools, most are more than 50% pay the full weight.  [/quote]

At NYU & USC a lot of “full-pay” students are there on significant amounts of Parent Plus Loans. [/quote]

Those people are obviously not the brightest then.  No school is worth taking out PPL[/quote]

If my kid got into MIT, I'm taking out parent pluses [/quote]

If your kid got into MIT, [b]then they are likely doing STEM, and where they go does not matter that much[/b], it's what they do while they attend school and afterwards.  If you have to take $200K in PPL to put them thru MIT it financially isn't worth it.  Your kid can go to VAtech or UMPCP or any other number of excellent private schools with excellent stem programs that are affordable to you.  MIT grads work alongside grads from other schools and make the same thing.  
STEM especially, it DOES NOT matter where you go.  A CS degree is a CS degree, a Mech Eng degree is a Mech Eng degree for undergrad.  No company hires just from the elite universities---they hire from a wide variety of places.  
[/quote]
That's totally false. Like someone else mentioned, where you go to college is a good indication of your intelligence, drive and work ethics. Maybe you can always get a job these days where you graduate from. But even for CS, not all jobs are equal (in terms of earning potential and otherwise). For example, OpenAI currently pays $550k+ for fresh graduates, but recruits mainly from top engineering schools (MIT, Stanford). I'm talking about money here only because people have been bragging about making a lot of money out of mid-tier colleges. [/quote]

BS---plenty of "intelligent, driven and high work ethic" kids[b] end up at lower level universities because that's what they can afford[/b].  If they have the "I, D, and WE" they will still go far.  It's about this exactly, much more than "where they go"  that is just the result for many because yes, you need all 3 of those to end up at a T25 school.  But plenty of people with that go on to do amazing things in life without attending a T25 school.  
[/quote]
Bad excuse. There are a few, but not a lot. Top schools are very generous in financial aid even full ride to make everyone admitted can attend.[/quote]

Ummm, no that's only true if they say you need FA.  If you are donut hole (like many people) or make enough to not get aid but didn't save enough, you don't get aid.  And it would be stupid to take $200K in loans to make up the difference.  Get out of your bubble and realize that many cannot afford $80K/year and make to much to get aid.  So they go somewhere they can afford.  It's more than a few that have this happen. And far more simply don't apply to the top/expensive schools because they know it's not affordable.  Gotta have a list of schools you can afford
[/quote]
Again, those who are admitted by HYPSM but choose not to go are the exceptions, not the norm. MIT's yield rate is 86% with Harvard at 84%. There are not many declining to attend those schools, let alone for financial reasons. 
So bad excuse is just bad excuse.[/quote]

Those that know they cannot afford it are smart enough to not apply. They focus their efforts on good schools they can afford.

Also, Harvard takes ~50%+ via ED, so only have to yield manage the other half.  [/quote]

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