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[quote=Anonymous][quote=Anonymous]I'm sure "fully funded" means different things to different people.  For us, it means to cover 4 yrs of in-state tuition, fees, room& board at an in-state public and we're on track for that. My kids (now in 8th/10th) know that's their college budget.  We aren't paying more and I don't want them taking loans for undergrad.  If they want to go private/OOS then they need to target schools that give good merit aid to match the in-state price.  My parents had the same approach with me and I've done well in life with my public U education.[/quote]

I think this is kind of bogus.  I totally understand that all you are willing to only contribute 4 years of in state tuition.  Totally reasonable and generous of you.  I don’t think it’s reasonable for you to say that you don’t want them to take loans for college.  That isn’t your decision and frankly is not doing anything to teach them about making good financial decisions.  You should talk with them about why you believe a state school education is the best option and that OOS/private’s don’t buy your much in undergrad- especially for certain majors.  But the final decision (and subsequent consequences) belong to them. [/quote]

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