Reply to If college is so expensive ... why don't more families get need-based aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We do okay (at around $200K HHI until a 50% jump three years ago) but are not RICH.

We planned.  Used the Vanguard college calculator and saved $400-$600 per month in the 529 since birth.

Limited vacations.  Public school.  Not a lot of meals out.  DIY home improvements.  No family support.

Both children will graduate with no student loans.  [/quote]

That's wonderful, but isn't it crazy that we have created a system where college without loans even for the well to do requires 22 years of significant monthly savings to pay for 4 years of education. [/quote]

That is why there is a public school system as an alternative. Private education at "Elite" schools is a luxury good, not a basic need.[/quote]

How many elite schools do you think would agree with you that they are nothing but frivolous luxury brands?[/quote]

Well the schools wont' agree, but look at the world around you.  Look at your job and the companies you have worked for.  You are most likely surrounded by people (in your same position, and in the management levels above you, possibly even into the C suites) that attended State University and schools ranked lower than 100.  Good chance you have never heard of some of the schools they people attend.  Yet they are paid the same as you, might even be your manager or a few levels up.  What you accomplish in life is due to what you put into it, not where you attend college.  Once you realize that you will be happier and likely "wealthier" [/quote]

Sounds like a T150 state school grad basic misunderstanding of statistics.

Median Ivy salary is about $50k/yr more than median non Ivy, across whole career.

https://www.dcurbanmom.com/jforum/posts/quote/30/29191582.page

[/quote]

Now adjust for COLA, and show us the results.  I'd argue it's not as much about the Ivy degree as it is Ivy grads tend to end up in larger cities, where salaries are naturally higher.  Didn't meet many Ivy graduates when I lived in small town Iowa (or even "big town Iowa" other than in Iowa City as professors)  Or compare median Ivy salary to Median salary at T40 State University Honors Program Graduates.  You have to compare Apples to Apples[/quote]

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