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College and University Discussion
Reply to "My kid has no real concept on what college will cost overall."
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[quote=Anonymous][quote=Anonymous]We created a spreadsheet with how much we have saved and the cost of tuition/room/board at each school - and the gap between the two. We can float about an additional 5-7k/year (we have twins) but anything above that has to come from merit/loans. We were very clear, we didn't want them to graduate from undergrad with $$$$$ loans. In the end, they selected an instate school that wasn't their #1, but I think they will be happy/fine. I think they would have loved their #1 (didn't go for a visit after they didn't give them any merit.)[/quote] We did this too - told them how much we could afford between 529 and cash flow, and that we would not allow them to go into debt for undergrad. And, left it up to them. One is AR an OOS flagship with merit, and one is at a SLAC with merit[/quote]
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