[Sobeyet]

http://online.wsj.co...2038878314.html

[Wrathblood]

No shit. Mrs wrath had a serious in at Spence, though it would have been a crappy commute. Manhattan is expensive, no doubt, but working out the future value of an expense stream like that is just appalling. Basically, if $1m isn't a rounding error to you, then don't bother, because that tuition amount is low compared to what else yiu're hit up for.

People joked that Wrathette#1's school had plenty of economic diversity. There were a decent number of doctors and lawyers among the parents. You know - poor people.

[Sobeyet]

Doubt anyone anticipated a 79% hike over 10 years. If it doesn't slow then the Wrathettes senior year in high school could have cost +70k each. Those charity cases making low-seven-figures are SoL.

One more reason not to have kids. You can get a lot of blow for 40k.

[Wrathblood]

Eh, anyone who didn't see it coming hasn't been paying attention. Private college tuition has been going up fast for decades. I was on the student council for my college 20 years ago, and our big thing was tring to get the administration to give us some backup for why tuition was climbing way faster than inflation. They found us amusing, I think.

In good news, turns out i was wrong about the trip, I'm actually getting back Tuesday. Technically I could be back in time for the raid, but I'd likely be in tatters. While it might be interesting to see if I rl better or worse in that state than when I've got pneumonia (ie. Last week), I don't think it'd be a good idea. Well, we'll see. That having been said, I've generally felt my value as a rl isn't so much me being competent as a rl, as that i was willing to do it and people trusted me to not screw with them. I can probably still deliver that.

[Sobeyet]

Wrathblood, on 21 June 2011 - 04:36 PM, said:

why tuition was climbing way faster than inflation.

A kindergarten NEEDS two Olympic-size swimming pools Wrath. Who cares if none of them can do a lap, think of the children.

Do primary schools have endowments? I know secondary schools do, my roommate went to Kent and her family shelled out over 50 grand a year. Maybe that explains the gap in financial aid, they don't have billions of dollars to play with like the Ivies. Only millions. Think of the children!

Wrathblood, on 21 June 2011 - 04:36 PM, said:

people trusted me to not screw with them

ur doin it rong.

[Wrathblood]

Yeah, everything that's been around for a while does. Wrathette#1's school (k-8) had an endowment that I'd guess was in the low 7 figures while something like the 92nd street Y (k-6 maybe?) could have been in the high 9 figures. Not every elemettary school gets nobel prize winners and fortune 500 CEOs to speak at their stuff.

The whole endowment gap this is an interesting problem. Obviously harvard sitting on billions can do stuff like when they announced anyone whos family makes under 250K per year has tuition capped at 10% of pretax income, which other schools might not be able to match. Seems big, though Rice (I think) is a very good school that's used its endowment to keep tuition very low for ages, yet that hasn't been enough of a draw to get it into the upper echelons.