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College and University Discussion
Reply to "Big merit at safety vs full pay at reach"
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[quote=Anonymous]I let my kid decide. We were choosing between a nearly full pay at a top 10 dream school and a full ride (Stamps scholarship) at top 50 school. Before he applied, I was mentally prepared to go the expensive route and have been tightening the belt for years. If he chose the free ride, I would give the money to him for grad school or downpayment. He chose the expensive school. It was his dream, he worked hard to get in and never asked for anything. He very much enjoyed his 3.5 years (covid was a bummer, but at least we saved like $20K on not living on campus) and is graduating soon. He is planning to go into a field that is impossible to break into without a degree from a top school (I don't have connections) and does not require a professional graduate degree, and most of his offers include a possibility of paying for MBA down the road. He is getting great offers, and if he is smart with his money (and I am sure he is), he'll get that downpayment saved in a few years, so no loss there. [/quote]
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