[kvue[Houston family spends $1.5 million on college

Math works. 5 kids x $70K/y x 4 yrs. There are cheaper options out there. Good ones. Especially for undergrad degrees.

Not sure how much value you get spending nearly $300K for a bachelor of music -- but I'm guessing these guys have the cash.

 

white people problems.

 

Co-valedictorians couldn't get scholarships?

 

Quick googling shows this guy is probably loaded?

Also a "successful online entrepreneur" and author of Get Rich Click!. He's probably not worried about money and is saavy enough to see this an opportunity to help his businesses.

 

I don't know too much about the others, but I know UNT is a better music school than Berklee and a helluva lot cheaper, especially since it would be in-state tuition. I don't have too much sympathy for these folks.

 

Time for me to marry into some money *cracks fingers*

 

He might have meant the "Get Rich Clique". And you know those rappers don't know how to invest their money wisely.

http://getrichclique.tripod.com/

 

Must be nice.

 

My dad spent like 60 or 70 grand a year for my sister, but she went to MIT not the University of Denver. I think UT is the best deal around. Anyone who spends 70k on schools not named Harvard, stanford, mit, yale is out of their mind.

 

I think we will see a re-surgence of the Autodidact belief system as most these schools are operating lines pushing out kids that don't seem to really be educated but indoctrinated to lack creativity.

That combined with educational inflation and the faltering pay back rates and cycles makes one really question certain facets of conventional education.

 

He has the money to afford it, but he's still stupid.

 

Fixed for you.

Big name schools are highly overated. Many kids that go to those schools are already well-connected through family and therefore get better jobs regardless of their school because of WHO they knew before college. (and therefore skewing the average salary of an Ivy-league type graduate up higher)

Although I graduated 15yrs ago, I spent a total of about 20K for my entire undergrad degree and NOBODY ever asks me where I went to school..they just want to see my demo reel (I'm in TV production). I believe College is completely worth the money, just not overspending for it.

 

Sounds like that's full-fare on tuition (no financial aid breaks, since the guy is loaded), plus room and board, and no student loans foisted on the kids actually getting the education. But, he can afford it all, so I'm not sure why I care. Another father in the same situation but poor would pay much less to send his daughters to the same schools. He'd get some financial aid; the kids would apply for some scholarships; the kids would also get work-study jobs, move out of the dorm into some cheap rat-infested basement and eat ramen everyday, and take out giant federally subsidized loans. The father covers what he can and maybe takes a loan to bridge the gap.

 

70K on a music degree.....smdh...

 

Its like the father has a PR firm that got him some face time on the evening news.

 

These high end schools have retail and wholesale prices for their tuitions. If your family is loaded, you get the retail price. If not, you get the wholesale price plus grants and scholarships to make up the difference. The wholesale price may still require you to take out loans.

This pricing model allows universities to raise more money by raising the retail price while keeping the wholesale price unchanged.

 

Per Year!

Plus Beer!

Sing out loud. Sing out strong. Sing of good things not bad. Don't worry if it's not good enough....

 

This was a MAJOR expense while getting mine...

Olympia Gold FTW.

 

In defense of getting your undergrad degree at schools like the Ivies and MIT, they also tend to be the most open-handed with financial aid if you need it.