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  • March 12, 2015 at 4:17 PM #21434
    Coronita
    Participant

    Including room and board: $63k/per year
    http://finance.yahoo.com/news/priciest-ivy-league-college-cost-181115238.html

    4% increase per year on average.

    For my kid (if that’s an option)
    In 9 years, cost will start $89.6k for the first year.
    Average cost over 4 years will be $95.1k.

    4% is more than decent return on most safe investments these days.

    Ouch.

    March 12, 2015 at 4:33 PM #783548
    FlyerInHi
    Guest

    You can sell an investment condo and pay for college.

    March 12, 2015 at 4:35 PM #783549
    spdrun
    Participant

    Or send the sprogs to a good state school.

    March 12, 2015 at 4:37 PM #783551
    an
    Participant

    My kids will be going to a public school. No way is a BS education worth $250k+. @ $380k+, I rather they go to CSU/UC for $100k and save the other $280k to down for a house or start a biz. After your first job, no one really ask where you went to school anyways. I rather pick a person who went to SDSU and have a few apps written for various platforms or written/maintain their own website than an Ivy Leaguer who have done nothing but school.

    March 12, 2015 at 5:02 PM #783553
    Coronita
    Participant

    [quote=FlyerInHi]You can sell an investment condo and pay for college.[/quote]

    I think I would need to sell more than one.

    March 12, 2015 at 5:06 PM #783554
    Coronita
    Participant

    [quote=AN]My kids will be going to a public school. No way is a BS education worth $250k+. @ $380k+, I rather they go to CSU/UC for $100k and save the other $280k to down for a house or start a biz. After your first job, no one really ask where you went to school anyways. I rather pick a person who went to SDSU and have a few apps written for various platforms or written/maintain their own website than an Ivy Leaguer who have done nothing but school.[/quote]

    The problem is whether they can get into a UC school.

    March 12, 2015 at 5:11 PM #783555
    FlyerInHi
    Guest

    Maybe I’m biased, but if you can at all afford it, you should pay for the most prestigeous school your kids get accepted to. It’s a good investment in terms of social mobility. Maybe not for a job or financial success but for marriage or acceptance by the potential in-laws.

    March 12, 2015 at 5:24 PM #783556
    spdrun
    Participant

    Maybe it’s best if one’s kids don’t marry the kind of small-minded idiot that judges them based on what school they finished, or who is spineless enough to listen to their small-minded in-laws instead of telling them to go fuck themselves with a pointy object.

    If you want to buy your kids a pedigree, get them a purebred dog.

    March 12, 2015 at 5:28 PM #783557
    Coronita
    Participant

    The cost of my ivy league degree was ridiculous but not insanely ridiculous. And to be frank, for engineering… didn’t matter one freaking deal versus any other reputable engineering school, except maybe that I was able to finish in 4 years, versus at the time possibly taking me 6 years at a UC school when they were having budget shortfalls and difficulty for students to get the classes they needed.

    For something else, perhaps with a pedigree wall street/ management consulting firm, it might make a bigger difference, simply because those companies don’t recruit from all schools. But then again, sibling went to the best UC school and did just fine with that too. For medical/dental/law, not sure…Some say it matters, some say it doesn’t.

    March 12, 2015 at 5:43 PM #783558
    FlyerInHi
    Guest

    Spd, be pragmatic. Kids discover the world, meet and fall in love on campus. All else being equal, do you want your kid to fall in love at SDSU or Harvard?

    Fair or not, that’s how the world is.

    March 12, 2015 at 5:50 PM #783559
    spdrun
    Participant

    Depends on whom they fall in love with. Didn’t the Unabomber finish Harvard?

    March 12, 2015 at 6:25 PM #783560
    FlyerInHi
    Guest

    Life is full of vagaries, but you can give it some help. If I had kids and they were accepted to harward, I would sell my house if needed to pay.

    March 12, 2015 at 9:04 PM #783562
    scaredyclassic
    Participant

    Not worth the money.

    March 12, 2015 at 9:07 PM #783563
    Anonymous
    Guest

    What’s so great about Harvard? I wouldn’t want my kid going to school with all those spoiled, wealthy, elitist little pricks. (oh wait, that statement could apply to most colleges)

    I’m curious what college did you graduate from FlyerInHi?

    March 12, 2015 at 10:20 PM #783564
    an
    Participant

    [quote=flu][quote=AN]My kids will be going to a public school. No way is a BS education worth $250k+. @ $380k+, I rather they go to CSU/UC for $100k and save the other $280k to down for a house or start a biz. After your first job, no one really ask where you went to school anyways. I rather pick a person who went to SDSU and have a few apps written for various platforms or written/maintain their own website than an Ivy Leaguer who have done nothing but school.[/quote]

    The problem is whether they can get into a UC school.[/quote]If you’re in the top 5% of your school, you’re guaranteed to get into one UC. Mine was UCI.

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