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Reply to "College applications -- apply to $$$$ schools or not?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How many kids do you have? If more than one, you'll need to work out this scenario for multiple kids. I'd say apply and see what happens. You could probably afford to cash flow some of it or fund with outside scholarships. Only you can determine if the ROI is there. There's different schools of thought on if Ivy degrees are worth it.[/quote] Two kids[/quote] Do you have $300k saved total for both kids? Or $300k per kid? If $300k for both, you're probably not in a place to cash flow an Ivy for the one kid unless you're ok with tapping into the savings in brokerage. Not sure that stretch is worth it. I would not feel bad about it though. Most people do not have $100k a year available to send their kid to an ivy league school. And that's ok. There's thousands of great schools that are more affordable.[/quote]
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