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[quote=Anonymous][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.  [b]That isn’t your decision[/b] 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.  [b]But the final decision (and subsequent consequences) belong to them.[/b] [/quote]
How does this work? A student can't take out more than $31K TOTAL for undergrad without a cosigner...so exactly how is NOT the parent's decision? [/quote]

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