PhDeac
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- Joined
- Mar 16, 2011
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This is almost why it is pointless to save for college. Better to be cash poor and get need based aid and scholarship. I would have to pack away 50k a year to save enough to send my two kids to a private school.
Yep. Saving for private school for us essentially requires over a $50k cut in annual income, $1000 a week.
We have two friends who are both tenured faculty at my university. Their daughter graduated from one of the IB programs in the county and got into Wake and several other elite privates. She took a full ride to Arizona State.
10-20 years ago I would have thought they were crazy. Now I think it's smart. A free ride and quarter of a million dollar head start upon graduation beats a Wake degree.