college savings

[cypher1]

When I have kids, I will be honored to finance my child's education. I believe it is my responsibility as a parent to do so. If it means that I have to work two jobs....that's what I would do!

I can't argue any parent wanting to support their kids financially, with their continuing education. At the same time I'd be concerned my kids taking their education for granted if they're not paying for it, for balancing school/studying with a part time job, and managing their time and money responsibly.

There is a huge disparity between the quality of education at a local community college, state college, tier-one and Ivy league institutions. There is a synergy, which exist at top universities, which aren't being duplicated at other universities across the country. Case in point, the social networking systems/ and other internet innovations, which have made instant billinonaires out of college aged students ....they did not go to x-community college, ummm, they were at Stanford, Harvard, MIT, and other elite universities. I have friends that have attended prestigious colleges, and there is a huge difference with relationship to networking.....look at our Supreme Court, and recent appointments made by our President, if you don't see a trend, you're blind. I attended an average college for undergrad..and it was one of the worst decisions that I ever made....I got to attend a tier one for grad school...and it was one of the most stimulating experience of my academic career..

I respect anyone able to graduate with a degree from any school, CC or Ivy (they got further than me). I can't dispute the fact that many gifted, innovative minds have come from Ivy league schools as history has shown us. I notice the trend, but I'm also noticing how much people perceive this false entitlement of elitism with where they graduate from or degree they achieve. It's like their guaranteed a good job since they came from XYZ school with XYZ degree. The key to success is definitely networking within your field with friends/co-workers, school, but I don't know how if it's a fair assessment to relate Ivy league graduates pertaining to the US President or the Mark Zuckerberg.

[snafu]

The term 'salarymen' isn't used here but anyone not hourly rated or in 'trades' seem to require a university degree at entry level. Have the marketing campaigns of Mutual Fund companies combined with government tax incentive programs combined to promote the idea that parents should pay for post secondary education? It appears the cost of an University education has escalated beyond inflation due to supply and demand. In earlier times student gained access to university by marks rather than money.

In most countries parents pay tuition for education K-12 and believe the more they pay, the better the education. University is paid by scholarships, bursaries, grants and PT earnings. Only a small percentage have that privilege unless parents have the means to support their child in some other country.

[KTP]

When I have kids, I will be honored to finance my child's education. I believe it is my responsibility as a parent to do so. If it means that I have to work two jobs....that's what I would do! There is a huge disparity between the quality of education at a local community college, state college, tier-one and Ivy league institutions. There is a synergy, which exist at top universities, which aren't being duplicated at other universities across the country. Case in point, the social networking systems/ and other internet innovations, which have made instant billinonaires out of college aged students ....they did not go to x-community college, ummm, they were at Stanford, Harvard, MIT, and other elite universities. I have friends that have attended prestigious colleges, and there is a huge difference with relationship to networking.....look at our Supreme Court, and recent appointments made by our President, if you don't see a trend, you're blind. I attended an average college for undergrad..and it was one of the worst decisions that I ever made....I got to attend a tier one for grad school...and it was one of the most stimulating experience of my academic career..

One possible reason you might see the innovators and billionaires having educational backgrounds from Stanford, MIT, Cal Tech, etc. is that these kids were smart before they went to college, and those schools do not take stupid kids (well, maybe Harvard). I have quite a few friends who went to MIT or Stanford and not one of them is average intellectually. Oh, for sure socially they are pitiful , but they could smooth talk the skirt off a computer in no time flat.