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College and University Discussion
Reply to "Which would you prefer, school-wise?"
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[quote=Anonymous]I think it depends in large part on whether the parents have the money and want to spend it this way. If they have it and the elite education is important to them, sure, go with #1 if you want. If they can pay for it only by saddling themselves and/or their child with huge debt, then the only responsible answer is #2. That said, I think there can be great benefit to being a big fish in college, being tapped for research opportunities, noticed by professors, etc. Also note that there is a #3: Non-elite private colleges that offer merit aid. Sometimes the COA at these schools can be close to in-state public. This is the route to consider if your child prefers a small school to large. FWIW, OP's scenario describes my family situation. DC will be applying to a mix of in-state publics (we are in VA) and non-elite privates. We are not even considering privates that don't give merit aid.[/quote]
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