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[quote=Anonymous]Would echo the suggestion to share the budget.  Also, I know it can be a controversial suggestion on DCUM but maybe for those schools above budget, they have to be willing to take out student loans and contribute towards tuition (that can add another 8 to 10K between both).  You have to decide if beyond that if you might cash flow it or not - and maybe that’s a game time decision depending on the school and if there is any clarity regarding what they want to study.

We started from budget. My one kid that didn’t know what they wanted to study for sure, really wanted a liberal arts college of at least 2000 students.  For financial reasons, we had to include state universities or SLACS where they could get enough merit.  Part of the conversation was about where they wanted to work after graduating, could they get a job without a grad degree  if it was university x versus university y, starting salaries, how open it was to change major/focus between their areas of interests (strength of programs, difficulty of declaring different majors, ability to still graduate on time when changing majors).  I looked at it as costs vs value for my kid, rather than a strict ROI.  I guided my kid thru thinking thru what would be worth it, and as long as it was within our budget and thought out (cost/value) reasons, we didn’t force them to pick the lowest cost if it wasn’t going to meet the things they were looking for.[/quote]

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