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College and University Discussion
Reply to "Best colleges aren't the best forever"
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[quote=Anonymous][quote=Anonymous]The cost of private universities has changed everything. Two kids equals $800,000. That is absurd. There are tons of MC and UMC families choosing state flagships and merit at slightly lower ranked schools over the cost of attending a T20 school without aid. It’s really only an issue if the kid wants finance or consulting. Those two industries remain stuck in 1990 when it comes to recruiting. [/quote] That is the smart choice, unless you can easily pay the $100K/year and/or have it all saved already for college (our kids both had enough for 4 years at "top schools" and professional degrees ) But yes, otherwise, search for merit/go somewhere that is affordable. My own kids found great merit and we were not even searching. one was a 1220/3.5UW/no AP kid and attended a T100 with 35% of tuition as a merit award (had another similar school with same award)---had a T130 with ~70% of tuition award as well. My 1500/3.96UW/8AP kid had multiple great merit awards at T65 schools, including $42K/year at CWRU (a few years ago when all in was ~$80-85K). So step outside your reach schools and your kid can find excellent merit. Both could have attended several in state schools with good merit/low costs as well. Our T120 state U (2nd in state), would have cost the 1500 kid about $15K, and the 1220 kid about $20K. So something the kid alone would pay for 50-80%+ with jobs and federal loans. Very doable and affordable [/quote]
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