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College and University Discussion
Reply to "Should I just tell DS what we have in his college fund?"
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[quote=Anonymous]Yes for sure tell him. He needs a frank conversation to know the impact of his choices on his loans/future budget. I had a full ride to a top 10 public university, but really wanted to go to a private college (Duke- don't ask me why because looking back I think I just liked the idea of it). My parents told me how much they'd spend vs how much in loans I'd need. My dad had spreadsheets prepared. And then I had final options to choose from: -Public university for free + live in house my parents bought in the college town(they made a ton of money when they sold it 4 years later)= 50k for gradschool plus a new car -public university for free + dorms= 50k for gradschool -Duke= no money for grad school and about 75k in student loans from undergraduate. It was so helpful. My sister had a similar conversation years later and she chose to live at home and then they paid for all of grad school. [/quote]
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