Comment Re:if you have more than 1 kid (Score 3, Insightful) 52
If you're rich and young ok maybe it's a blast to live and party there, but for real life? Nah.
Well, the idea behind these ultra-expensive schools is to have one's kids become childhood friends with the children of billionaires, and then continue that friendship in ultra-expensive universities, so that all that investment pays off in the form of one's kids becoming billionaires themselves, or at the very least members of the inner circle of billionaires. That is, one isn't paying for good education, but for good networking. So viewing these $70k/year as anything other than a financial investment is a serious judgment error.
And yes, that's valid for poor folk who end up admitted into ultra-expensive universities. They entire purpose of those is networking. Going to parties with billionaire teen friends and getting a far from perfect GPA pays off orders of magnitude more than not going to those parties and getting a perfect GPA, with the sole exception of those who want to follow an academic career, in which case, sure, focus on the GPA. Otherwise, focus on making rich friends. Those are the ones who get you high-paying jobs.
Also, yes, I'm being sarcastic. That doesn't mean this isn't true. It shouldn't be like this. Alas, it is.