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Reply to "Is anyone not saving to pay for all of their kids' college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid also got NMS scholarship of $4K at the in-state flagship. Some schools will give the entire tuition, room and board, stipend to NMS semifinalists. That is an option. [/quote] If your kid earns a NMS scholarship, there are plenty of private colleges they could attend for 75% tuition or more as merit. Not elite universities, but great schools that will give merit awards to attract good talent like that. There are choices. [/quote] I got full tuition and a stipend as a NMS at a state school. For smart folks private college is not necessary. Cream will always rise. On the other hand, I send my kids to private and they have 529s. I don't expect them to be the top few percent of anything. If they are great, but I don't want them to to feel their self worth is tied to success. I want them to have an easier path to happiness.[/quote] Private colleges can often be more affordable than state schools or at least similar. My kid got 60% tuition at a T40 private and was only at the ~75% for scores. Had they picked a school where they were at 90%, they could have gotten 75-80% tuition bringing the cost to much less than our flagship state school that doesn't give much merit awards (they don't need to). And they could have gotten tuition down to $2-3K at our 2nd state school, but did not want to attend that school---since we can afford it they dont need to. So "smart folks" find the school that is a great fit for their kid be it public or private and can easily find places with more merit awards if that is needed. There is a huge difference for many kids to attend a smaller private school vs their state school with 25K+ students. [/quote]
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