<p>Most of this discussion is about the children of rich parents which makes this thread sound worse.</p>
<p>Parents are already pretty wary of people preying on their kids and have an eye out for that. Second, kids live off their wealthy parents generally don’t have any real wealth of their own. Third, the children of rich parents probably won’t enrich your life unless you marry one and if that is your intent, this topic just went from bad to worse.</p>
<p>As if there isn’t tremendous oil wealth at UTexas, or some big time old southern money at Ole Miss. </p>
<p>Truly wealthy people don’t NEED to send their kids to certain schools, unless the kids want to go. They don’t need to impress anybody or prove anything to anybody, and if kid is taking over dad’s highly successful and private import business anyway, what does he need a fancy degree for? He can go to wherever he wants and spend four years socializing.</p>
<p>Also, there are a lot of different subgroups of both wealthy and elite. Within wealthy, what’s your cut-off? Would, say, a two-doctor or two-lawyer HH cut it? They’re certainly wealthier than the average HH, but they aren’t at the private-jet level. Many on this board think of wealth as primarily Wall Street / publicly held companies and are vastly ignorant of the “quiet wealth” made in other sectors and in cities other than on the coasts. </p>
<p>The wealthiest person I knew at NU was from Idaho – potato processing family. Last I heard, she donated $20 MM to her law school alma mater. </p>
<p>The wealthiest people I personally know sent their kids to GWU and Tulane. They weren’t interested in Ivy or similar schools, and why should they be? It wasn’t “status” in their social circles. Nice, but their social circles weren’t built on who was the smartest in school.</p>
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<p>Why do rich and snobby have to go together? I think that is YOUR perception of what rich kids are supposed to be like. The reality is that there are plenty of kids who are rich and you don’t even know it.</p>
<p>That’s a very good point.</p>
<p>Adding to PG…do you want your “wealthy” to be old money or new money?</p>
<p>Again OP…you say you want to be an engineer. That being the case, look for colleges with ABET accreditation. THAT is the single first criteria you should be researching.</p>
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Just curious to see where most of the 1% end up"</p>
<p>But the 1% is not a monolithic group. It encompasses dual professionals who work for a living, have one home, can send junior off full-pay and not sweat it, maybe go to Europe now and then – but they drive their own cars and fly commercial. The top 0.5% is where you start getting into bigger wealth.</p>
<p>Cobrat, you’ve posted that Viking YouTube a dozen times now, and it doesn’t relate to anything. No one other than you is interested in “looting” rich people for their own amusement. It’s really odd on your part.</p>
<p>I am going to disagree with Pizzagirl a bit about where wealthy parents want to send their kids to school. A lot of parents who made it on their own and went to some no name college want to send their kids to elite colleges for the pedigree. It could be the case of they never had it, so they want to give it to their kids or they may feel it would complete the picture for them.</p>
<p>D2’s best friend’s father from college is a well known in the hotel business. We recently went out for a “quick bite” with them in NYC. The cost was our total monthly eating out budget, so we told D2 that we wouldn’t be doing it too often. The father went to a college that I have never heard of and his mother had a third grade education, but his kids all went to a boarding school in Switzerland and they will be going Cornell (he was fairly certain about that). </p>
<p>It may not be a midwest thing, but for some of those parents, having their kids at some elite colleges is like telling people that they summer at Hamptons/Tuscany, weekend home at Palm Beach…I would also suspect that a lot of those parents, from where they are sitting (senior hiring manager or owner), understand value of education because they know where they recruit.</p>
<p>Just a side note, I think the reason D2 is friends with this young woman is that D2 does ask much of her friend and D2 is not overly impressed with her friend’s family wealth, other than the fact that she is a nice/fun person. The only offer D2 may take up on is a possibility of internship at her friend’s father company.</p>
<p>Most of the super wealthy people I know are very nice & down to earth. The wanna-be types are the entitled snots because they think that is how one acts if they have loads of money. I would prefer to be at a school where there are more Pell Grants given - makes for diversity, interesting people etc… Life is much more interesting when the journey and the story is interesting. Talking about money is not interesting!</p>
<p>As others have said, often you have no clue who is “super wealthy”. When I was in college I had no clue, other than the few with drivers/chauffeurs and/or well known last names, who came form “super wealthy” families. And where I live now, many do choose state schools with greek life.</p>
<p>** ETA- would sometimes only realize college classmates were “super wealthy” when they showed up on the NYT society page or wedding announcements.</p>
<p>Interesting. All the super wealthy I know very much wanted their offspring to attend their very selective alma maters. In most cases the kids had the stats to do it own their own, but in a few cases the development office clearly closed the deal.</p>
<p>Are we talking about the super wealthy or just the regular run of the mill wealthy? There is a certain amount of diversity within the wealthy. The child of high earning professionals is not exactly the same as a child from an old money society family. They do not have the same resources or the same goals.</p>
<p>"** ETA- would sometimes only realize college classmates were “super wealthy” when they showed up on the NYT society page or wedding announcements."</p>
<p>This reminds me of a story I heard Barbara Walters once tell. Her daughter was adamant that nobody know who her mother was. The daughter brought a friend home for the weekend from either boarding school or college. The friend had no idea that this was the home of Barbara Walters until Barbara showed up at the breakfast table with her coffee!</p>
<p>There is “old money” and “new money”, blue blood and nouveau riche. Time to resurrect the “hobknob with snobs” thread?</p>
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That’s true of many of those in the middle class as well. They had a good experience at x college and want to send their kid there.</p>
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<p>Even those kids for whom that particular college was a poor fit?</p>
<p>A lot of people of ordinary means recognize when their own alma mater would be a poor choice for their kid (and often, the kid does, too). Are super wealthy people less astute?</p>
<p>I am curious about both “old wealth” and " new wealth". Both traditional super wealthy families, and offspring of executives. A lot of wealthy international families send there kids to certain colleges as well it seems.</p>
<p>Tiger wings…please tell us why you seem obsessed with the notion of wealthy students who attend elite colleges? Seriously…why?</p>
<p>I am not obsessed, I am just curious.</p>