Rethinking the Costs of Attending an Elite College (Wall Street Journal)

<p>The neighbors understood (sort of) why S1 turned down the flagship full ride. What they didn’t understand was why we are paying for him to attend UChicago > MIT. The preponderance of our neighborhood attends state schools – Salisbury, Frostburg, UMBC, Penn State, Florida, Va. Tech, particularly strong students to UMD-CP. Because both of our kids chose to attend specialty public programs located elsewhere in our county rather than the local HS, people who ask me questions seem to be trying to assess if going to those programs was “worth it.”</p>

<p>Can only imagine what will ensue when S2 goes off to school next year. Two kids in private school (even with FA) just does not happen in our neighborhood. The kids go to state school and the parents add on the screened-in porch, remodel the basement or re-do the kitchen.</p>