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College and University Discussion
Reply to "Coming to Terms with Full Pay"
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[quote=Anonymous][quote=Anonymous]It gets easier when you realize you’re not alone. In real life, I don’t think I know any dual feds with 2+ kids who have sent them to full-pay privates in the last 10-12 years. Many of the parents went to those schools. But to send their kids there is just irrational. The kids who are going to those schools from the DMV are richer or poorer, or they have some kind of special circumstances: family money, a parent who works at a university that has some kind of tuition benefit, etc.[/quote] This is a wise post. 2 fed family and we were in DCPS and then kids moved to a $55K private for high school with some grandparent help. First one is now in college. Private school classmates are all paying $95K for Boston College, USC, Cornell and Vanderbilt without a second thought. Like, money was NOT a consideration when choosing a school. Former public school classmates with 2 fed parents or similar (HHI $300-450K) are all going to Wisconsin, UNC, Michigan, second tier liberal arts colleges with aid. They just don't have the $400K cash for college. Paying $50K to even 70K (for Michigan which is more expensive than some other state schools) for these schools may not seem like much savings over the privates but the buck has to stop somewhere and a savings of $25-45K/year is significant when you're making $300K. The harsh reality is that the bubble class of the DMV doesn't have the $400K/kid for college and their kids don't attend these schools. [/quote]
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