The parents that can afford the extra 30-40% tuition for out of state should be able to pay for the extra without taking out loans. However, too many situation where the kid said I have to go to THIS school even though the parent or kid can’t afford it.As I have often said it's all about the Shop Rite line and how much $ you can advertise about spending. It's why I think RU has so many first generation Americans and first generation to go to college- the parents look at the costs and what's on offer and quickly realize RU makes so much more sense.
In addition, kids want to live on campus and don’t want to commute to school. Yes, it’s a better environment but when you can’t afford it, you commute and most of Jersey you can commute to Rutgers. I still contend most kids can afford to go to college maybe not live on campus.
I noticed a friend I went to school with sold his consulting firm a few years ago and later came back to the purchasing firm,1,300 employees, to be their NYC managing director. I see he donated $160k last year to the Democratic Party and tend to donate $100k every year. His family lived in a small cape cod in Fair Lawn when he was growing up so he wasn’t rich. Rutgers can make you rich if you have the drive. Other friends I hung out with are as successful. Get your kids to hang out with the right crowd, the top 5% grade wise.
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