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Anyone else feel like it's time to tell expensive colleges "ENOUGH!" (CC Newbie Rant)

rwmannesqrwmannesq 128 replies10 threads Junior Member
Been thinking about the LMU visit and can't stop remembering how much it felt like a sales pitch. Mostly, because it was a sales pitch! But I'm NOT sold.

I want my S18 to have a great education and I can pretty easily afford it without dipping into my retirement, etc. But I haven't always had money and I remember what it's like to live check-to-check and barely scrape by. And I still try to get the best prices for any travel, major purchases, etc. since those types of life skills don't just go away. But, why in the hell is college so expensive and getting more so despite major educational loan repayment problems?

It seems to me that a lot of the problem is the super-competitive and over-scheduled kids coming out these days. What happened to flying a freakin kite or riding your bike around the neighborhood until the street lights came on? Getting your license and cruising during the weekend all night with your friends? You remember, wasting time to a point you were actually ready to go back to school at the end of summer?

Are we, the parents, responsible for creating the appetite for these schools such that they can charge whatever in the heck they want? Are we pushing our kids too hard? Expecting too much? Why?

If the college is going to cost $250,000+ for 4 years, why aren't we just setting our kids up in a business. Does anybody else out there really think this is a sound investment? It definitely seems like what is required for our kids to move on to a reasonable career and financial security, but is it logical? Really? The price of an actual business! Think about what an annuity funded with a quarter million dollars would pay and how that'd supplement a "normal" job.

So, "NO," the sales pitch is sounding pretty damn hollow to me.

I'm relatively new to CC and suspect this post has been done previously to death, but I still feel like a lost voice in the CC community?

To quote Pink Floyd: "Is there anybody out there?"
:-q
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Replies to: Anyone else feel like it's time to tell expensive colleges "ENOUGH!" (CC Newbie Rant)

  • astute12astute12 675 replies9 threads Member
    LOL I hear ya!!!
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  • rwmannesqrwmannesq 128 replies10 threads Junior Member
    any relation?
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  • prof2dadprof2dad 683 replies11 threads Member
    Is Harvard expensive?

    It is expensive for upper-middle income families, but it is dirt cheap for low income families.

    So is Harvard an expensive college or a cheap college?
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  • Sportsman88Sportsman88 1571 replies13 threads Senior Member
    OK, what is LMU? Sorry if that's a common acronym I missed.

    @roethlisburger summarized much of the discussion but I'll add one aspect. Anyone paying full freight at a private is in a high income bracket and thus $250,000 total bill has a different dimension than it does to the average joe.

    Anyone paying $60,000 to go to a UC out of state can't do math or has money to burn.

    The rest pay somewhere in between. There is a strong argument to take the merit aid and honors college at the state flagship for the top students but the financial aid may be enough at a top school to come out of pocket for some figure.

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  • AboutTheSameAboutTheSame 3160 replies47 threads Senior Member
    LMU probably means Loyola Marymount. Can't think of another one that the acronym would fit.
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  • rwmannesqrwmannesq 128 replies10 threads Junior Member
    Sorry guys. Yep, Loyola Marymount in LA. Just did a tour and wrote about it in another thread re avg hs students 2018. Basic middle of the row University charging what the top dogs charge. Why? that's what got me going.
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  • rwmannesqrwmannesq 128 replies10 threads Junior Member
    I'm actually wondering if somehow our pushing our kids is enabling the 2nd, 3rd etc tiered schools to charge so much. I get the whole Ivy, high ranked thing.
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  • Astro77Astro77 288 replies16 threads Member
    I've thought of that. Maybe it would be better to buy the kid a house (which you can do for $259k in many parts if this country).

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  • BurgermeisterBurgermeister 365 replies7 threads Member
    I guess won the financial aid lottery. Fifteen years ago I figured on in-state public colleges only. Then S1 got high test scores and I learned about merit aid. I negotiated and said that I just wanted them to be equal to our in-state university.. Bingo. Then came colleges that that met 100% of need met. I no longer pay tuition. Gotta findyour path. A middle class guy can do this. No NYU. No out-of-state public schools. Take the SAT/ACT umteen times ... that's all the merit aid schools care about.
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  • Sportsman88Sportsman88 1571 replies13 threads Senior Member
    edited August 2017
    @twoinanddone that works for the costs betweeen various schools in LA, Bay Area, NYC, Boston, etc. as high cost living expenses. What about schools in Houston, Atlanta, New Orleans, or rural schools. The cost of living in New Orleans for a Tulane prof is far less than Cambridge, Palo Alto, or LA.

    Increased overhead, compliance, and student expectations on advising, gyms, etc. is part of it but I'm not sure it's $65,000 per year worth.

    But now we're rehashing old issues - not that there is anything wrong with that. That's why we have discussions.
    edited August 2017
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  • cobratcobrat 12207 replies78 threads Senior Member
    What happened to flying a freakin kite or riding your bike around the neighborhood until the street lights came on? Getting your license and cruising during the weekend all night with your friends? You remember, wasting time to a point you were actually ready to go back to school at the end of summer?

    The 2+ month summer vacation is mostly unique to the US. Most international students and my immigrant parents/older relatives find it surprising US K-12 students have such long summer vacations. Not to mention the factor that some countries have/used to have school more than 5 days a week.

    My parents/older relatives had longer school days(School days started ~7-8am and went till 5 pm and had )to attend classes on saturdays in their country of origin in addition to monday-friday when they were doing K-12 though the latter was done away with sometime in the late '60s or early '70s.

    Also, a lot of American kids didn't have the chance to do most of those leisurely activities during K-12 because we didn't have the money and needed to spend the free summer months and afterschool/weekend working summer/part-time jobs to contribute to the family till.

    The only kids in my old NYC neighborhood who stayed out playing outside till the street lights came on were those who were getting a head start in joining the local drug gangs or otherwise up to no good. Most of them ended up dropping out of HS with criminal records.

    A few are still serving long sentences in prison after being convicted of multiple felonies. Most neighbors with aspirations of their kids to even graduate HS did their utmost to discourage them from playing outside....especially with the kids who did so on a regular basis.

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  • Sportsman88Sportsman88 1571 replies13 threads Senior Member
    Your post definitely helps the thread move in the direction you intended. Yes, I think people continuing to pay is part of the problem. There are a couple Christian colleges in the region that are around $40,000 but still not cheap by any definition. I'm referring to Azusa and Grand Canyon. Haven't looked at them lately to know exact costs.
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