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> I'm far from being rich, but I plan to pick a private but modest school / university for my children. Even if I were multimillionaire I wouldn't change this.
by qchris 6y ago
> I'm far from being rich, but I plan to pick a private but modest school / university for my children. Even if I were multimillionaire I wouldn't change this.
I'm genuinely a little confused by this sentence. You lay out your reasons below, but seem to be assuming you get to pick. By the time someone attends university, they're usually, you know, people. Adults in the 18+ sense, high school diploma, ability to get a job, have their own opinions about the world, access to federal student loans, etc. You'll have some influence in terms of the degree to which you'll support their decision and advice you can offer, but you don't get to pick anything, especially if your child is talented/driven enough to get into an Ivy League w/o being a socioeconomic outlier.
- jokethrowaway 6y agoYou're completely right, I admit I was mainly thinking about schools before university, given my kids are still very young. University will be their choice but - assuming I'll be the one to fork out money for uni - I will set a budget.
- qchris 6y agoAnd that's totally within reason :) Just wanted to point out that they may choose something outside that. I know, personally, I was in a similar position, where my folks were willing/able to help, but I also chose a university that required that I take out an (imho, reasonable) amount of student loans to cover the difference. I remember the initial look of surprise on my parents face when I told them my decision, but even with the loan payments, I've yet to regret that choice.