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College and University Discussion
Reply to "College Planning Upper Middle Class"
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[quote=Anonymous][quote=Anonymous]We basically show the kids the money that is available, and they need to make their choices accordingly. If they choose an expensive private college, they need loans to make up the difference and are on their own after that. If they go to a state school with merit aid, they have much more flexibility for grad school.[/quote] +1 This is also what we do. In our case, each kid has about $300k for education. The kid that wants to go into finance attends an expensive but highly rated school with good recruitment in his industry. The kid that wants to go into a health field/medicine goes to a SLAC where tuition, room and board are $40k a year after merit aid, leaving that kid with money left over for graduate school. We also have family members that provide unlimited education but that has led to some less weird outcomes, delays in adulthood.[/quote]
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