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College and University Discussion
Reply to "Please help me understand "safeties""
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[quote=Anonymous]Your DC may get merit aid from her preferred school, but you just can't ever count on it. My DC got into 7 schools (only 1 was private) and merit aid varied from 0 to $15,000/yr. We would have never been able to anticipate the merit aid, the final costs, before decisions came in. Sooo a financial safety means you can afford to pay the full amount of room & board each year for 4 years. This is without counting on financial aid, or scholarships, or merit aid. I'd get to know (and love) an instate public - even if ultimately you prefer and suspect your DC will attend a smaller private - just in case. [/quote]
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