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[quote=Anonymous][quote=Anonymous]I need some advice. I am a single mother and my daughter is now a freshman in high school. My husband passed several years ago and we have been struggling to stay afloat since. I wanted my daughter to stay close to her grandfather even though her dad is no longer alive, so they see each other frequently and talk on the phone. Education has always been very important to him and he insisted on paying for private school for her. She made the switch from public to private last year and is loving her new school! However, she was devastated when Gramps passed last month. She took the hit pretty hard and we knew we could not keep her in private school without his financial support.

In his will, he left behind a large sum to support her educational journey: $5M to be exact. She was his only grandchild and they cared about each other so much. I am so grateful but not sure where to start. I know we will use some of the money to keep her in private school but how can I use this money to support her as she prepares for college? He clearly stated that the money was only for her education and I am new to all of this. She was always planning to stay close to home but now it feels like a whole new world of options has opened. Should I be hiring a college counselor? Making some sort of donation to her top school? Thank you so much and I am blessed to be in this position.[/quote]

If this was me, I would be paying for one-on-one tutoring from the best you can get. You could homeschool here and have a resolving door of world-class tutors in each subject taking advantage of Bloom's two sigma effect. I would not make a donation in the hopes of admissions - it doesn't seem to be I'm the spirit of the will (even those pay-to-play research programs are more ethical IMO), and you can't really buy your way in to T10 schools for less than 8 figures anyways. You could look into a college counselor, but once again it's unclear if that really counts as education (I guess you and her would be "educated" about the college admissions process?)

Can you tell me more about her interests, what she wants to major in and do after college, etc?[/quote]

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