Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This question is really for donut hole families. People that make over 200,000 a year but less than 300,000. Have some saved for college but not nearly enough.

+1 It is entirely dependent on finances.

Now that number is less than a months pay so the answer is any that they want to go to as long as the quality is high enough.

Ten years ago there would have been alot of soul searching on how much debt we could take on.

Why that definition of a donut hole - making 300K in this area with multiple kids doesn't mean 90K/year is at all doable, or?

Anonymous wrote:

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

I couldn't agree more. But sometimes, you pay for things that aren't worth it, because you want the experience, or because the alternative is really subpar.

Anonymous wrote:

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

These examples are terrible…I don’t understand why people throw them out as proof of anything.

Also…why would you include UVA or UNC in your list when of course a bunch of those folks likely were in state and didn’t pay the outrageous tuitions?

If you look at the 20 richest Americans…15 either graduated or dropped out of a top school 10 school. Warren Buffet would be counted in this group if he had not decided to transfer from Wharton.

You can’t win the anecdote fight…so don’t play it. The reason people decide to pay these amounts ironically are because of the anecdotes (that are verified vs the bullshit spewed on DCUM)…which also create unrealistic expectations.

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This question is really for donut hole families. People that make over 200,000 a year but less than 300,000. Have some saved for college but not nearly enough.

IMO, if you cannot "easily pay the $90K", then it's not worth it. Don't mess with your retirement to pay for college. There are hundreds of great schools that will be affordable (thru merit or simply lower overall prices). Find the best ones of those for your kid

Np. My kid hasn’t applied yet but I just ran a NPC for a private school my kid is interested in, and despite my having an older dc in college and living in a high COL location, apparently these schools think I should spend 65% of my take home pay on their tuition. So ridiculous.

Then the $90k schools are not worth it for you.

That is so very profound, thanks for posting your wisdom.

But I think this is meant to be a larger comment about the expense of education in the US.

But the thread is what schools are truly worth 90k to you.

Yes, and thank god for your wisdom or else I wouldn’t have had my answer!

What always shocks me about the posters on Colleges is how dumb many of them seem as they are obsessing about elite colleges for their dc. The irony.

Anonymous wrote:Is it worth it to me to drop millions on a Ferrari or a Rolls Royce? Absolutely not- not even if I had the money and certainly not if I had to take out a loan for them.

But for someone who loves driving, loves cars, has the money, and would get enormous pleasure out of driving the car? They should just understand that they likely won’t reap a financial return…but it still might be worth it to them.

Anonymous wrote:No college is worth 90K.
I have a Stanford grad my age, 3 levels below me in my org.
I have countless UVA, UNC, Georgetown, Vanderbilt, friends in my neighborhood who are in very middle tier jobs or stay at home wifes.
Tufts? Barely makes me think it might be a decent school.
Delusion aside college shoudl be aboout 30K these days. 60K and you know you are wasting money. 90K and you might as well call the police because you have been robbed. Causation and correlation are very different things.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This question is really for donut hole families. People that make over 200,000 a year but less than 300,000. Have some saved for college but not nearly enough.

IMO, if you cannot "easily pay the $90K", then it's not worth it. Don't mess with your retirement to pay for college. There are hundreds of great schools that will be affordable (thru merit or simply lower overall prices). Find the best ones of those for your kid

Np. My kid hasn’t applied yet but I just ran a NPC for a private school my kid is interested in, and despite my having an older dc in college and living in a high COL location, apparently these schools think I should spend 65% of my take home pay on their tuition. So ridiculous.

Then the $90k schools are not worth it for you.

That is so very profound, thanks for posting your wisdom.

But I think this is meant to be a larger comment about the expense of education in the US.

But the thread is what schools are truly worth 90k to you.

Yes, and thank god for your wisdom or else I wouldn’t have had my answer!

What always shocks me about the posters on Colleges is how dumb many of them seem as they are obsessing about elite colleges for their dc. The irony.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This begs the question: what would make a half million dollar investment in your child's college education worth it to you? What is the ROI you're seeking?
Status label? Job prospects? Social connections?
If I were in a position to spend that much, I'd be looking at prestigious British universities too. Oxford, Cambridge, St. Andrews. I have both attended and taught at international schools. I taught in Switzerland (future international bankers) and my sister in law has lectured at Cambridge. You can't beat that prestige and those connections. Well worth half a million and more.

Good fit. That's all we need. The $$ is already set aside in a 529 account.

If good fit is all you need, you are lucky. All you need and to do is spend the time and money to do the deep dives into the culture, ethos, etc. of all the schools you want to consider. What a fun excursion - and you can afford it!