Reply to Question: those who send their kids to slac or oos schools..

Forum Index » College and University Discussion

Reply to "Question: those who send their kids to slac or oos schools.."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oberlin:

$76k a year, including R and B

Paid as follows:

$24k merit
$4k  OSCA (does co-op dining, rather than standard meal plan.  Works in the co-op about 6 hours a week, saves $2k a semester)
$25k out of 529 (we saved $110k by May Senior year, cushion because costs will increase each year) 
$15k out of income ($1200 a month, which is what we saved during HS)
$8K from my kid (he had $80,000 gifted to him for education between both sets of grandparents and my grandparents)

This year, OSCA isn’t happening because of COVID, so my kid’s portion is $12k.

We are very lucky that we have the only grandkids on both sides, and both sets of grandparents opened a 529 or education IRA when they were born and contributed some each year.  Otherwise, my kid would take out a $5500 Stanford and we would make up the difference.

Kid is responsible for books and spending money from summer job.

Realized WM is now $42k w/ R&B and once merit and OSCA are factored in Oberlin is $48k w/ R&B. 
[/quote]

Bang for the buck just isn’t there.[/quote]

Maybe not for your kid. It is for ours. [/quote]

+1 Not the PP, but we value the SLAC experience and we prioritized that for our daughter.  My daughter didn't end up at Oberlin, but another SLAC with merit, but we were very impressed with the school and it was one of her top choices.

To the OP who is asking how you afford LAC or out of state, we took all of the out of state public universities off the table except for ones that came in around our state institution. We felt my daughter would thrive in a smaller LAC environment and we prioritized seeking out SLACs that offered merit. We were able to bring the cost down to about $10k/year more than our state options. Prestige did not come into our thinking. It was all about fit and the best learning environment for her. All families need to make their own decisions about what they value and what they are willing to spend.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics