Anonymous wrote:Anonymous wrote:Anonymous wrote:the difference is that your home value almost certainly appreciated while you raised your kids.Anonymous wrote:We approached the cost of college similarly to another major life purchase: the cost of a home. We chose a home inside the beltway, with access to great public schools, in a safe neighborhood, close to kids’ ECs, jobs, and our friends - and we paid a premium for it. Was it worth it to us? Absolutely. Similarly, we could have paid less in-state for a college that wouldn’t deliver nearly the same experience or quality of education. We have the money, so our question was whether it was worth the additional expense to send our kid to the school she loved, with the right programs and supports (she has LDs), in a smaller environment where she would thrive. Absolutely.
You didn't even mention whether that more expensive school would allow for higher income after graduation
We absolutely considered ROI so far as anyone can without a crystal ball. The OOS option is MUCH higher ranked than the IS option in both USNWR and Forbes, with 30% higher salaries 10 years after graduation, top 10 for internships and career placement in the field she wants now (and others she may consider in the future), and a stronger alumni network.
But are the salaries "really higher"? Or is it because the graduates live in a differing cost of living areas? Because graduates in Boston make more than even those in the Chicago area, as Boston is a higher COLA. So you need to actually be comparing apples to apples
Anonymous wrote:No regrets! DC got merit aid. Once DC was OOS became enthusiastic re: a program there which was not offered at our state u. Merit aid carried over. Great career now.
Anonymous wrote:Anonymous wrote:the difference is that your home value almost certainly appreciated while you raised your kids.Anonymous wrote:We approached the cost of college similarly to another major life purchase: the cost of a home. We chose a home inside the beltway, with access to great public schools, in a safe neighborhood, close to kids’ ECs, jobs, and our friends - and we paid a premium for it. Was it worth it to us? Absolutely. Similarly, we could have paid less in-state for a college that wouldn’t deliver nearly the same experience or quality of education. We have the money, so our question was whether it was worth the additional expense to send our kid to the school she loved, with the right programs and supports (she has LDs), in a smaller environment where she would thrive. Absolutely.
You didn't even mention whether that more expensive school would allow for higher income after graduation
We absolutely considered ROI so far as anyone can without a crystal ball. The OOS option is MUCH higher ranked than the IS option in both USNWR and Forbes, with 30% higher salaries 10 years after graduation, top 10 for internships and career placement in the field she wants now (and others she may consider in the future), and a stronger alumni network.
Anonymous wrote:Anonymous wrote:IMO, only UMich, UVA, UCLA, and UCB are worth it.
IMO, none of those schools are worth an OOS price tag.
Anonymous wrote:the difference is that your home value almost certainly appreciated while you raised your kids.Anonymous wrote:We approached the cost of college similarly to another major life purchase: the cost of a home. We chose a home inside the beltway, with access to great public schools, in a safe neighborhood, close to kids’ ECs, jobs, and our friends - and we paid a premium for it. Was it worth it to us? Absolutely. Similarly, we could have paid less in-state for a college that wouldn’t deliver nearly the same experience or quality of education. We have the money, so our question was whether it was worth the additional expense to send our kid to the school she loved, with the right programs and supports (she has LDs), in a smaller environment where she would thrive. Absolutely.
You didn't even mention whether that more expensive school would allow for higher income after graduation
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Reputation of major is what matters.
I am paying for GW's Elliott School of International Affairs because it's ranked in the top 10 worldwide. Kid was accepted at UMD Honors (it was his safety), but there's just no comparison for that specific major.
Isn’t GW private? I’m confused
It is. I pay 65K for it (merit aid) instead of 30K instate, which is why I thought it merited inclusion in this discussion. The broader question isn’t OOS vs in state. It’s what are parents prepared to pay for if not the instate option, and why?
I say, major quality is an important factor.
Hmmm, I think that’s a different topic. The in-state v OOS public is more hotly debated because you’re paying $70k-$80k for a public university with large classes, potential underfunding, lots of red tape and bureaucracy, facilities that may need TLC, and so on.
Other than MICH, Cal system, UVA and WM, think you are overestimating the cost of OOS public. Most run $40-60k full pay.