Anonymous
Post 08/20/2023 11:08     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.


Having hired a lot of kids straight out of college, I can attest that this is true. Many students accepted to the Ivy League are average smart kids who are grinders and have good organizational skills. There’s this myth that they’re all brilliant, and it’s just not true. In fact, I’d say the resume that gets you into an Ivy these days is likely to screen out the brilliant kid who has a burning intellectual interest in one area, but really doesn’t care about making a 100% in an area they aren’t interested in. Ivy’s say they want “pointy” kids, but they really don’t. The only group it seems true of is MIT PhDs. Other than that, I know more truly brilliant people who went to lower ranked schools.


Pointy v. well rounded are not consistently defined - and also definitions of each vary per school, and different schools value different levels of each. To say one school prefers one or the other is to not know what really happens behind closed doors (admissions).


The proof is in the pudding.
Anonymous
Post 08/20/2023 11:07     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.


Apart from a handful of outliers, the kids in those towns just aren't that smart.


As someone who sent their kid to an expensive private school in the DMV and a school in a small town in “flyover country,” I can tell you that the cohorts, in terms of intellectual ability, are the same. In fact, I’d say the small town kids are “smarter,” because they’re doing the same thing without the tutors etc that make all the average rich DC kids look smarter than they really are on paper.
Anonymous
Post 08/20/2023 11:06     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


40% of kids at Williams, Amherst etc all recruited athletes. Why do people still buy this?


But Williams and Amherst are D3 which means they value academics and those athletes have to get in first. They're not dumb University of Alabama jocks. My DD was recruited at Johns Hopkins. The coach told her if she didn't have a 1460 SAT he couldn't even begin conversations with her. And conversations with her did not mean she'd get in. Just that he wasn't about to waste his time. These top LACs are like that with their athletes. She had to get a pre-read and then apply. These schools don't admit athletes who cannot cut it academically. You're thinking of D1 and D2.
Anonymous
Post 08/20/2023 11:04     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.


Having hired a lot of kids straight out of college, I can attest that this is true. Many students accepted to the Ivy League are average smart kids who are grinders and have good organizational skills. There’s this myth that they’re all brilliant, and it’s just not true. In fact, I’d say the resume that gets you into an Ivy these days is likely to screen out the brilliant kid who has a burning intellectual interest in one area, but really doesn’t care about making a 100% in an area they aren’t interested in. Ivy’s say they want “pointy” kids, but they really don’t. The only group it seems true of is MIT PhDs. Other than that, I know more truly brilliant people who went to lower ranked schools.


Pointy v. well rounded are not consistently defined - and also definitions of each vary per school, and different schools value different levels of each. To say one school prefers one or the other is to not know what really happens behind closed doors (admissions).
Anonymous
Post 08/20/2023 11:04     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


Our kids have had to keep themselves open to many possibilities because of monetary considerations. They need to have someplace where the money would work out and they are likely to get in and they would be willing to go. Let me preface by saying I am not a Pitt booster but Pitt is an example of strong students, good programs, and rolling admission. The kids I know that have gone there have been good students and fairly focused. There are also schools that may not be extremely competitive get into overall but have very strong programs in certain areas and a very dedicated alumni base - I know someone that got their first job via an alumni connection at their school - the alumni had started a business and went back to the professor to ask who was the top student in the dept.


Your first sentence is true and then you're all over the place and I'm not sure what your point is here. The post you're responding to is about a woman whose daughter doesn't want to consider her mother's mid-west home-town state school with a very high acceptance rate.
Anonymous
Post 08/20/2023 11:01     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.


Having hired a lot of kids straight out of college, I can attest that this is true. Many students accepted to the Ivy League are average smart kids who are grinders and have good organizational skills. There’s this myth that they’re all brilliant, and it’s just not true. In fact, I’d say the resume that gets you into an Ivy these days is likely to screen out the brilliant kid who has a burning intellectual interest in one area, but really doesn’t care about making a 100% in an area they aren’t interested in. Ivy’s say they want “pointy” kids, but they really don’t. The only group it seems true of is MIT PhDs. Other than that, I know more truly brilliant people who went to lower ranked schools.
Anonymous
Post 08/20/2023 10:59     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Re the Midwest PP. It sounds wonderful to grow up in the Midwest. Your friends are doing something right. This keeping up w the Jones’s is not good.


Agree.

No shame in the Midwest going to in-state flagships.

Plenty of $$ left for Fancy family vacations /summer houses etc….Family time together…


I sent a college kid raised in the DMV attending a pretty diverse college to a Midwest flagship for more than 2 months for a special summer program this year. They came home with a pretty negative impression— basically, it that was very, very white and very homogenous (and they desperately wanted good Indian, sushi and Raman)— and my kid is white. I grew up in the rural south. Which was “diverse” in that half the students at Mt HS were black. But, it was the 80s, so everyone “kept to their kind”.

My point is the grass is always greener and you have a very idealized view of life in the Midwest. I grew up in a town a lot like Friday Night Lights. Which Connie Britton and Coach Taylor make look pretty inviting. But is not somewhere I would raise my kids. Living in this area has drawbacks. Faster pace, high COL, traffic, competition. But there is also raising kid in a more global society, near museums and concert venues and the Kennedy Center, (good Indian food ). And our kids push harder because their peers push harder and because they see a bigger picture of what is possible. Their dreams may be bigger than marrying/becoming the small town pediatrician.

I think that easing kids CAN be a great thing. Especially if your kid doesn’t conform to the white upper middle class homecoming Court, sports ne cheerleading, clean cut stereotype. And it’s our job as parents to guide our kids towards careers that suit them and their talents and personalities, not just expecting them to be an engineer or lawyer or Wall Street hedge fund manager. And we decide that the car magnet and cocktail party college name drop do not matter. Finding a college that is a good academic, financial and social fit is what’s important. And if that means deciding that you will make peace with the a college ranked 120 and speak about your kids college with as much pride as the Ivy parents, that’s what you do. Anyone who snipes at you isn’t worth knowing anyway.

You kid learns by watching you. You live here and choose to raise them in a less competitive way, and place less emphasis on a prestige college. It is possible.

Just my 2 cents.


Why do people persist in thinking that (a) all small towns are alike, and (b) the small towns they left behind 30 years ago have not changed in the interim? We left DC for many of the reasons pp suggested, and live in a small (about 20,000 population) town in the South — not even a college town — that has Indian, multiple sushi, Lebanese, ramen, Vietnamese restaurants (just to name a few). Did it 30 years ago? Of course not. In fact, the high cost of living on the coasts has led many creative restauranteurs starting businesses in small towns across America.

Just as you can impart your values to your kids in a big city, you can instill bigger dreams in a kid raised in a small town. Our kids know about the successful careers we had in DC, and they have traveled & they’ve experienced a world that is much larger than the small town where they spent the final years of their childhood. Our youngest wanted to go to a big city for college, and did so, but now they’ve been away, they have told me how much living in the city makes them appreciate the “vibe” (their word) of the small town we live in. Will they move back? Probably not, but they won’t spend their lives with parochial views about what people who don’t live in urban areas are like.

It drives me nuts when DC people pretend to be open minded, but then act like poverty and lack of ambition is somehow infectious. Our town is less racially diverse than DC, but it is much more diverse economically. In DC, my kid went to school with rich kids of many different ethnicities, which is hardly “diversity.” Living here has made my kid much more mature, empathetic and grateful. Could I have instiilled those values in DC? Maybe. But there is nothing like experiencing something yourself.


Racial diversity is very important to many people, especially non-white people. Just because YOU don't value it doesn't mean others do not. Ask a Hispanic kid (poor or wealthy) if he rather be somewhere where there are Hispanics or a bunch of white people of different socio economic degrees and see what he says. Or a black kid. I can tell you it won't be all the varying white people.
Anonymous
Post 08/20/2023 10:47     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


Our kids have had to keep themselves open to many possibilities because of monetary considerations. They need to have someplace where the money would work out and they are likely to get in and they would be willing to go. Let me preface by saying I am not a Pitt booster but Pitt is an example of strong students, good programs, and rolling admission. The kids I know that have gone there have been good students and fairly focused. There are also schools that may not be extremely competitive get into overall but have very strong programs in certain areas and a very dedicated alumni base - I know someone that got their first job via an alumni connection at their school - the alumni had started a business and went back to the professor to ask who was the top student in the dept.
Anonymous
Post 08/20/2023 10:43     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:I'm realizing that the top 50 or so schools are all about $80K+ and none of them offer merit aid, outside of maybe CWRU.
The rest have 20-50 full-ride scholarships for their most elite students but that's pretty much it for merit aid.
Then of course there is UVA and W&M which are instate. And UMD which is ranked just above 50.
We've in DC so none of these in-states are particularly relevant.


So all this constant chatter about this or that top50 school----are you all paying the $80K/+year sticker price(s)?

College is around the corner for us and I'm realizing that yes indeed, they're all about that much. Guess I knew that in theory but it's another thing
entirely to think "huh, they're asking $360K for undergrad. Are we really going to pay it?"
Sobering.
Are people really paying it?


No OP - they do not. They cry poor mouth so the full freight suckers carry their sorry arses. Is that what you want to know?
Anonymous
Post 08/20/2023 10:42     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


40% of kids at Williams, Amherst etc all recruited athletes. Why do people still buy this?
Anonymous
Post 08/20/2023 10:23     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.


Apart from a handful of outliers, the kids in those towns just aren't that smart.
Anonymous
Post 08/20/2023 10:21     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.


You are completely wrong about this. Most students attend the big school in their hometown or state no matter how smart they are. It is ridiculous to assume that the kids who chose their state college with a high acceptance rate are therefore all less intelligent than the handful of kids who got pulled from the lottery pool of applicants to a college with a tiny number of seats.
Anonymous
Post 08/20/2023 10:14     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:I drive 2 Porsches into the sea every year. I often wonder whether my kids would do better just being given the 250k in cash to start a business (like 5 Guys)


I often have said something similar: if my kid was set on being a restauranteur and his legwork consisted of exactly one summer as a busboy, would I give him 350k - 100% of all the money I planned on giving him to start his adult life -- to open a restaurant at 18-20 years old? No, I would not. I'd be happy to give him that money sometime - indeed, I'm planning on it -- but that sounds premature. So why am I doing this now? With goals that are far less specific? At least you would learn a lot by opening a restaurant, make connections, be better prepared for the real world.

None of this adds up unless you're very well off or get a lot of aid.

I have told my kids if they'd rather have a Dunkin Donuts franchise, I'm willing to have that discussion.


Have you ever tried to buy into a franchise? Not as easy as you might think.
Anonymous
Post 08/20/2023 10:11     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:If I could invest in UK/European colleges, I would. I think the number of US kids going that way in the next 5 years will increase 10 fold. Roughly 150k all-in for a 3-year degree at Russell Group University? They'll all accept those 529 dollars. Why wouldn't you do that?


In my opinion cost is partly why you see the popularity of OOS public colleges, especially southern colleges, with kids from this area. With overseas universities I do see a few kids that go to Ireland and England. I’ve heard it can be harder to change majors since some universities can be specialized. Also assuming you need to meet A-level exam entrance requirements with AP scores, if you don’t know your AP scores for senior year and need those score to meet the requirements you could be sweating it with a contingent acceptance.
Anonymous
Post 08/20/2023 10:10     Subject: Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I grew up in the Midwest in an area where going to college was the expectation, but very little prestige given to this school over that. People mostly went public.

But .. there was also an expectation that kids got cars over their own in their teen years (new, nice cars). People cared indeed about brand names. People got married pretty young, bought an home at 30, and had their 3 or 4 kids by the time they were in their mid 30.

My parents were east coast transplants and we had to use the family car when it was free and applied to colleges further afield. We all went to Ivy League schools (in the day when it wasn’t that hard for full pay kids).

And now I live in Brooklyn and see this mania up close.

But as I watch my Midwest friends repeating this cycle I think, that’s a better way. It’s weird how this college thing overtakes a childhood. My old friends had more kids, roomy houses, less financial stress, got a lake house in MI or WI, are on track for retirement, and their kids had carefree childhoods. They all have fulfilling jobs. Their kids will too.

Why do we do this?


This is so interesting. What do you think is going on?


Same. I actually think my senior DD would love the midwestern university in the town I grew up in. She has toured and does like it but is influenced by the culture here and thinks that because it has a high acceptance rate it isn’t as good as schools with a lower acceptance rate. She could just pick this school and enjoy her senior year and also enjoy her college experience.


She is correct in that her academic cohort at a lower ranked / acceptance rate college is definitely for the most part, going to be inferior, regardless of the standard of teaching / research at the college.