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College and University Discussion
Reply to "Turning down merit for full pay"
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[quote=Anonymous][quote=Anonymous]DD is fortunate to have good options to consider and feels very grateful but conflicted. She was accepted to six schools, five of which offered generous merit and/or talent scholarships. The sixth school offered nothing but acceptance, which was a reach. She’s feeling guilty about wanting the more prestigious school she loves when the other schools seem to love her more. [b]We have the money to pay for the sixth school (OOS public), but it will hurt. [/b]Thoughts? Advice?[/quote] Is that OOS school still within the budget you gave your DD? Does she have to contribute money towards the cost? How likely are they to take advantage of the benefits of the reach school? We have one kid that will hustle to get a job and can balance classes and having a part-time campus job and activities. They were able to get the OOS school within our budget by contributing their summer earnings toward tuition plus taking some loans (between both contributing 10-12K). Our other kid struggles with time management and doesn’t have that same hustle so we knew as much as they would promise to do all the needed things to attend the expensive OOS public we risked paying at least 10K or more per year than our budgeted amount. And equally important they would do better with the school that offered merit and made it easier for them to take advantage of opportunities of being a bigger fish in a smaller pond. For my kid at the largeOOS - it feels like every opportunity is just as competitive as getting in but they love it and are willing to keep trying.[/quote]
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