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Parents... What's your take on the wealthy parents buying their kid's college?

strummingram

strummingram

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I'm sure everyone is aware of the 2 famous actresses Lori Loughlin and Felicity Huffman who are now being indicted and/or pleading guilty for buying their kid's test scores and acceptance into colleges.

Now, unless my math is incorrect, this seems like a case of having more money than you have sense. Loughlin allegedly paid a half a million dollars in her case. 500k... to get your kid into University of Southern California??? Is it really that important? Is it really that difficult to get into USC? How dumb are your kids, first of all? And, they might be as dumb as their parents, if they decide to... for example... um... spend a half a million bucks to bribe a judge to win a dog contest where the prize is $5k. WTF?

How far do you allow yourselves to go to "help your kids get ahead?" I need some perspective, here.
 
That Loughlin girl looks and sounds like a kardashian wannabe. And the actress chick must be a dimwit herself, because they show her going to/from court signing autographs, laughing, etc. like its no big deal.

Meanwhile...hey Felicity, why the long face? Probably because at least she recognizes that its serious and she could end up in prison?

Regardless, I'm sure they'll both find a way to buy themselves out of this situation too.
 
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TarHeelMark said:
That Loughlin girl looks and sounds like a kardashian wannabe. And the actress chick must be a dimwit herself, because they show her going to/from court signing autographs, laughing, etc. like its no big deal.

Meanwhile...hey Felicity, why the long face? Probably because at least she recognizes that its serious and she could end up in prison?

Regardless, I'm sure they'll both find a way to buy themselves out of this situation too.
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I'd try to move the case to Chicago if I were them. All charges dropped.
 
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It just seems like an effort in futility. I tried using the "bribe the judge of the dog show 20 times the actual prize money" as an example. Is it worth 500k just to get your kid INTO a school like USC?

I'm thinking that maybe if it were Cal Tech, or Stanford, or some school with incredible credentials and pedigree. But, USC???
 
Secret Admirer was on Sony HD Channel this afternoon.

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strummingram said:
I'm sure everyone is aware of the 2 famous actresses Lori Loughlin and Felicity Huffman who are now being indicted and/or pleading guilty for buying their kid's test scores and acceptance into colleges.

Now, unless my math is incorrect, this seems like a case of having more money than you have sense. Loughlin allegedly paid a half a million dollars in her case. 500k... to get your kid into University of Southern California??? Is it really that important? Is it really that difficult to get into USC? How dumb are your kids, first of all? And, they might be as dumb as their parents, if they decide to... for example... um... spend a half a million bucks to bribe a judge to win a dog contest where the prize is $5k. WTF?

How far do you allow yourselves to go to "help your kids get ahead?" I need some perspective, here.
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Everybody knows that actors are dumb shits, it was probably worth it to her to get her dumbass kid into a shitty school.
 
cletusnow said:
Everybody knows that actors are dumb shits, it was probably worth it to her to get her dumbass kid into a shitty school.
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That seems particularly dumb. Offer the school an "endowment" and get the kid in that way! You might even get a building named for you AND your kid gets in, AND... no prison.
 
I think any entrance of a student into college that is not merit-based or ability-based, (academic, athletic, musical ability, etc) is a misuse of the parents' money, and more importantly, does the student a disservice.

This goes for affirmative action and diversity quotas in colleges, too. All things being relatively equal for two students regarding ability, I can accept admitting students who have a more diverse background, experiences, thought into college.

But if you allow kids into college solely because of their race, gender, sexual orientation, or because the kid's parents wrote a big check..... what do you do if / when that kid can't do the work, and should fail and drop out? Do you just let him/her slide along? This is also unfair to a student that should've gotten in, whose spot the unworthy student took.

What good comes out of the payoff scenario? Does the unworthy "bought degree" for the student do something for the kid in the real world after graduating? A hirer will find out if the kid can't cut it in the real corporate world. Some phony bought degree isn't fooling any legitimate hirer.

Like people here said, the parent would be better off investing the money in some fund for the kid....or maybe setting up some PR / promotion apparatus for the grossly untalented, but super wealthy, to just live off a name and social media hype - follow the Kardashian marketing and PR plan.
 
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As if the school name on the diploma matters THAT much. When is the last time you asked your CPA, attorney or Doc where they attended school?

I cant understand this crazy obsession that some parents have (and pass along to their entitled kids) with getting into the "name" universities, even if it means borrowing $100k (or worse, breaking the law and serving time for it). Idiots abound.
 
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strummingram said:
It just seems like an effort in futility. I tried using the "bribe the judge of the dog show 20 times the actual prize money" as an example. Is it worth 500k just to get your kid INTO a school like USC?

I'm thinking that maybe if it were Cal Tech, or Stanford, or some school with incredible credentials and pedigree. But, USC???
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USC is ranked as a top 25 school. They were ahead of UNC and UVA in US News rankings.
 
strummingram said:
Ahhh... well, that explains it. It will have been worth every penny and every day served in prison, if she's found guilty.
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I'm not saying it's worth it. Just letting you know that it does actually have a pedigree and good credentials.
 
tarheel0910 said:
I'm not saying it's worth it. Just letting you know that it does actually have a pedigree and good credentials.
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Oh, I know. I was being a smartass. And, trying to convey that it still seems like one of the dumbest things I've ever seen.
 
On the surface, it's just another case of the rich getting richer, but these kids aren't the sharpest pencils in the box and are essentially going to school to party and nothing else. I think they're setting a precedent that everything will be handed to these kids.
 
My view as a parent is that things can always seem unfair and the best thing to do is not ever consider what is fair and just do what is right.

Also this particular case seems to only concern private schools, so I fail to see why this is a public issue. Rich parents have been buying their kids way into private colleges for a long time. Only hurts the kids.
 
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UNC71-00 said:
My view as a parent is that things can always seem unfair and the best thing to do is not ever consider what is fair and just do what is right.

Also this particular case seems to only concern private schools, so I fail to see why this is a public issue. Rich parents have been buying their kids way into private colleges for a long time. Only hurts the kids.
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Loughlin was trying to get her kids into University of Southern California. Is USC a private school?
 
UNC71-00 said:
My view as a parent is that things can always seem unfair and the best thing to do is not ever consider what is fair and just do what is right.

Also this particular case seems to only concern private schools, so I fail to see why this is a public issue. Rich parents have been buying their kids way into private colleges for a long time. Only hurts the kids.
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The odd thing to me is they could have donated less to the school and gotten their kids in. A lot of outraged people don’t realize this is how a lot of legacy kids get into Ivies

strummingram said:
Loughlin was trying to get her kids into University of Southern California. Is USC a private school?
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Yes
 
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you’d think you’d already be status enough so you wouldn’t have to bribe your way in, it’s working for other families.

wife and i have discussed this multiple times with three kids, one already getting letters as a sophomore(he actually plays tennis and is in the top 10 percent of his class).

if they really wanted to buy their way in, build a building, have your name attached, it’s there forever, done.
 
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ticket2ride04 said:
A lot of outraged people don’t realize this is how a lot of legacy kids get into Ivies
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Yup. I'm surprised how many people are shocked or outraged about this whole situation. It's like they didn't know that the "most deserving" person doesn't always get into the school or get the job. If you know the right people, bribe with the right amount of money, or check the right demographic boxes to boost diversity numbers - you get in or get the job over the most deserving person frequently.
 
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