Anonymous wrote:My parents did not pay for my college or grad school. I never considered any public universities in state or out of state. I am from NY. I applied to schools I was interested in, got financial aid and graduated grad school with loans and paid it off pretty quickly. I worked in investment banking and private equity in NYC so it was fast.

I’m surprised at how many people choose state schools in VA and MD.

Are students that afraid of debt?

All these families are better off financially than my family was when I was going to college. The cost of college was not a factor for me. I just knew I would pay it back.

Lady: you got financial aid. Period.

Donut hole families do not get aid. College is 4x more expensive than when you attended.

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Anonymous wrote:You understand that tuition rates have grown astronomically faster than wages since you were in college, right?

Of course I understand. We can easily afford to pay tuition. However, even if we couldn’t, I would encourage my children to apply and attend the best college possible.

I know many kids going to UVA and W&M could have gone to “better” schools. I’m sure this is more from public high schools, not private. If you are already paying 50k for high school tuition, paying 80k for college tuition probably would not be a factor in deciding where to go to college.

1. If you couldn't afford to pay, then why would you encourage your children to apply and attend the "best college possible"?

2. Your statement about a person paying $50K being able to pay $80K (and rising)(It's actually $90K now, generally) makes assumptions and is erroneous.

3. Yes, people pick publics and privates with merit aid over "better" brand-name schools because of money.

Dh and I want to HYP grad schools. I earned high six figures and Dh now earns seven figures. I don’t think it would have been possible without our education.

Sounds like cognitive bias. We can’t really know how our education helped since we could only take one path instead of testing two.

+1 I'm sure there are public college grads who are also earning six/seven figures.

OP I think that it’s more important where a kid goes for grad school. No one cares where you went to college after a few years. I think the posters are right in saying that it matters what state you’re from… down here we have better public options that you did in NYC. Also, times have changed and 1- college is more expensive, and 2- harder to get into. Hence the change. People are always writing about this in your hometown newspaper, btw- have you read those pieces? Do you actually want to understand? Or are you trying to get everyone riled up?

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Anonymous wrote:You understand that tuition rates have grown astronomically faster than wages since you were in college, right?

Of course I understand. We can easily afford to pay tuition. However, even if we couldn’t, I would encourage my children to apply and attend the best college possible.

I know many kids going to UVA and W&M could have gone to “better” schools. I’m sure this is more from public high schools, not private. If you are already paying 50k for high school tuition, paying 80k for college tuition probably would not be a factor in deciding where to go to college.

1. If you couldn't afford to pay, then why would you encourage your children to apply and attend the "best college possible"?

2. Your statement about a person paying $50K being able to pay $80K (and rising)(It's actually $90K now, generally) makes assumptions and is erroneous.

3. Yes, people pick publics and privates with merit aid over "better" brand-name schools because of money.

Dh and I want to HYP grad schools. I earned high six figures and Dh now earns seven figures. I don’t think it would have been possible without our education.

You can't be serious? Do you know how many people make that much who went to unknown schools, or are entrepreneurs, or dropped out?

This…DH and I went to sec schools and both earn 7 figures each. Suckers!!!

I never understood why people make it a point to say this. Yes, many more people attend non elite colleges than elite ones and some become successful. Why the need to put down people with an ivy degree?

I have a friend who went to a Midwest state school and she often puts down those with elite degrees. It is not a good look.

Have you noticed they never write what they do that earns them 7 figures. Probably because there are only a handful of jobs that pay 7 or 8 figures a year and a lot of those jobs are publicly known.

You’re right it’s not a good look to cut down degrees from top schools. There’s a lot of that here.

Because they need to be taken down a notch. God knows we all know who they are. They should remember there are many more of us than them. So zip it every once and a while.

Anonymous wrote:Because it’s a terrible waste of money. Particularly right now when you are basically paying to be indoctrinated by anti-semites and fund encampments for entitled brats who would not survive two days in Gaza under the “leadership” of the very people they are defending.

Ugh. The “anti-semite” bullying tactic is dying a drawn-out, frenzied death. Thank god. Please keep overusing and misusing it … the sooner it’s finally dead and powerless to silence people, the better.

And for the record, those “entitled brats” are defending defenseless infants in bombed NICUs, middle-aged women hurrying their elderly mothers across church courtyards, journalists, volunteers trying to feed refugees in a developing famine, entire families being victimized by political targeting, countless individuals being picked off by IDF snipers while following evacuation routes dictated to them by the IDF, and MILLIONS of other innocent non-combatants being terrorized by Israel.

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Anonymous wrote:You understand that tuition rates have grown astronomically faster than wages since you were in college, right?

Of course I understand. We can easily afford to pay tuition. However, even if we couldn’t, I would encourage my children to apply and attend the best college possible.

I know many kids going to UVA and W&M could have gone to “better” schools. I’m sure this is more from public high schools, not private. If you are already paying 50k for high school tuition, paying 80k for college tuition probably would not be a factor in deciding where to go to college.

1. If you couldn't afford to pay, then why would you encourage your children to apply and attend the "best college possible"?

2. Your statement about a person paying $50K being able to pay $80K (and rising)(It's actually $90K now, generally) makes assumptions and is erroneous.

3. Yes, people pick publics and privates with merit aid over "better" brand-name schools because of money.

Dh and I want to HYP grad schools. I earned high six figures and Dh now earns seven figures. I don’t think it would have been possible without our education.

Sounds like cognitive bias. We can’t really know how our education helped since we could only take one path instead of testing two.

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Anonymous wrote:My parents did not pay for my college or grad school. I never considered any public universities in state or out of state. I am from NY. I applied to schools I was interested in, got financial aid and graduated grad school with loans and paid it off pretty quickly. I worked in investment banking and private equity in NYC so it was fast.

I’m surprised at how many people choose state schools in VA and MD.

Are students that afraid of debt?

All these families are better off financially than my family was when I was going to college. The cost of college was not a factor for me. I just knew I would pay it back.

It makes sense for investment banking, since public universities are not loved on wall street. If you majored in anything else, public u would serve you just as well. You'd pay those loans even faster.

Wall Street loves Michigan, Indiana, UVA , and Cal grads. All public.

The top “feeder” schools (adjusted for size of school) for Wall Street are …

1 University of Pennsylvania
2 Harvard University
3 Columbia University
4 University of Chicago
5 Willams College
6 Dartmouth College
7 Georgetown University
8 Yale University
9 Middlebury College
10 Princeton University


All private universities. That’s only the top ten though and it varies depending on how specific the job, but there are plenty of jobs on Wall Street for graduates of other colleges public and private schools to do well in.

There is a current social media trend about girls wanting guys in finance. This is where they will be.

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Anonymous wrote:It’s almost always about money.

Unless you are in the DC part of DCUM. We don't have a state school, so there is barely a cost difference between OOS public and private and the privates give more merit aid.

We live in a good public school system. We are considering private schools for our children. I was comparing college admissions and our well regarded public school has so many students heading to UVA, W&M and VT. It made me wonder what schools those students got accepted to and could have attended that they gave up to attend the state public schools.

Anonymous wrote:While I haven’t done a survey of my friends back in NYC, I’m fairly certain none of them are considering publics, just the way I didn’t. The parents attended elite colleges as will their children.

The dc privates seem more similar to what I would expect for kids to attend T20 colleges and SLACs. They seem to have less kids attending state colleges.

Better how and for whom? (Please don't say rank).

Anonymous wrote:It’s almost always about money.

Unless you are in the DC part of DCUM. We don't have a state school, so there is barely a cost difference between OOS public and private and the privates give more merit aid.

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Anonymous wrote:Virginia has some fantastic state schools. Why pay for private when you can get a better education, with a larger alumni network, at a public?

We just made this decision: declined Syracuse at approx 85k/year (and well out of state) to go in-state at roughly 1/2 the cost.

Also, I just can’t justify that the education received is commensurate with the higher tuition.

I’m not taking out a loan when we could pay as we go for our DC in-state.

Smart decision.

Anonymous wrote:My parents did not pay for my college or grad school. I never considered any public universities in state or out of state. I am from NY. I applied to schools I was interested in, got financial aid and graduated grad school with loans and paid it off pretty quickly. I worked in investment banking and private equity in NYC so it was fast.

I’m surprised at how many people choose state schools in VA and MD.

Are students that afraid of debt?

All these families are better off financially than my family was when I was going to college. The cost of college was not a factor for me. I just knew I would pay it back.

Yes, I am afraid of stupid debt. Why put myself in more debt if I don’t have to.

These is other debt including car, house, medical, etc. why take on more if I don’t have to.

You sound stupid.

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Anonymous wrote:My parents did not pay for my college or grad school. I never considered any public universities in state or out of state. I am from NY. I applied to schools I was interested in, got financial aid and graduated grad school with loans and paid it off pretty quickly. I worked in investment banking and private equity in NYC so it was fast.

I’m surprised at how many people choose state schools in VA and MD.

Are students that afraid of debt?

All these families are better off financially than my family was when I was going to college. The cost of college was not a factor for me. I just knew I would pay it back.

Agree. I think that some people did not have the experiences that you and I had, so they are afraid of having to pay back school loans, OP. And absolutely yes, money is why anyone I know who has their kids attend publics, attend publics. Which is fine for them, we are grateful for more options.

I am not trying to offend anyone. I come from a humble background. My parents did not and could not pay for my education. It just seems strange to me that these UMC people who are much better off financially than my parents would have their kids attend a lesser school for money. I may never understand.

The issue is bang for the buck. A school that costs $360k has to be “superior enough” to justify the cost relative to a much cheaper state school.

People also anticipate having to pay for grad school.

Why is this hard for you to understand?

My husband makes several million dollars per year. Taking on 200k debt like we did to get an elite education doesn’t sound bad to me. I had full confidence to earn and pay back my loans.

Yawn.

Anonymous wrote:This has to be the most dense poster I've seen in a while. So happy for you that you can easily afford to pay 90k. WTF

I agree. OP is clueless.

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Anonymous wrote:You understand that tuition rates have grown astronomically faster than wages since you were in college, right?

Of course I understand. We can easily afford to pay tuition. However, even if we couldn’t, I would encourage my children to apply and attend the best college possible.

I know many kids going to UVA and W&M could have gone to “better” schools. I’m sure this is more from public high schools, not private. If you are already paying 50k for high school tuition, paying 80k for college tuition probably would not be a factor in deciding where to go to college.

1. If you couldn't afford to pay, then why would you encourage your children to apply and attend the "best college possible"?

2. Your statement about a person paying $50K being able to pay $80K (and rising)(It's actually $90K now, generally) makes assumptions and is erroneous.

3. Yes, people pick publics and privates with merit aid over "better" brand-name schools because of money.

Dh and I want to HYP grad schools. I earned high six figures and Dh now earns seven figures. I don’t think it would have been possible without our education.

You can't be serious? Do you know how many people make that much who went to unknown schools, or are entrepreneurs, or dropped out?

This…DH and I went to sec schools and both earn 7 figures each. Suckers!!!

I never understood why people make it a point to say this. Yes, many more people attend non elite colleges than elite ones and some become successful. Why the need to put down people with an ivy degree?

I have a friend who went to a Midwest state school and she often puts down those with elite degrees. It is not a good look.

Have you noticed they never write what they do that earns them 7 figures. Probably because there are only a handful of jobs that pay 7 or 8 figures a year and a lot of those jobs are publicly known.

You’re right it’s not a good look to cut down degrees from top schools. There’s a lot of that here.