It’s going to be interesting to see how the tech downturn affects college choices here in Silicon Valley. When my older kids graduated HS in 2018, plenty of parents were prepared to pay up for OOS and private colleges. Average kids who couldn’t get into UCs or who looked down on Riverside and Merced ended up at Oregon or CU Boulder. And great kids who could have gone to UCB or UCLA paid up for Cornell or Georgetown instead.
Now it seems there’s more cost consciousness, and I expect more families to choose UCs, CSUs or community college this year. So I wouldn’t be at all surprised to see over-enrollment and housing challenges this fall. After all, two neighbors at big tech companies have been laid off in the last 10 days, and for those who haven’t, their stock grants aren’t worth as much any more.