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[quote=Anonymous]Similar dilemma here, OP.

DC was accepted to 5 schools, 2 of which are top contenders. Both have a list price of $50k/year.  One was a safety (medium sized private school with acceptance rate over 70%) and offered him merit of more than half the tuition. Other was a real reach (<10% acceptance rate), accepted him but no merit money. He loves the reach, not because of the "prestige" exactly but because of some specific programs and facilities (which are related to why it's "prestigious", of course).  But it's hard to ignore getting the same list price for more than half off. He feels very wanted and supported by the safety school, and worries that the reach just doesn't care as much about him.

We have money in a 529 to cover $40K per year, so it would only be $10K per year out of pocket for the reach school, which is totally doable. But what might push him over the edge is that his intended major is one for which grad school is very common, and the merit school would leave him with a nice nest egg in the 529 for grad school if he decides to pursue it. But if he doesn't, the discount won't really mean much as the money will just be left sitting in the 529.

No answers here yet, but you're not alone in struggling with the decision. [/quote]

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