Reply to Should I just tell DS what we have in his college fund?

Forum Index » College and University Discussion

Reply to "Should I just tell DS what we have in his college fund?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Yes for sure tell him. He needs a frank conversation to know the impact of his choices on his loans/future budget.

I had a full ride to a top 10 public university, but really wanted to go to a private college (Duke- don't ask me why because looking back I think I just liked the idea of it). My parents told me how much they'd spend vs how much in loans I'd need. My dad had spreadsheets prepared. And then I had final options to choose from:
-Public university for free + live in house my parents bought in the college town(they made a ton of money when they sold it 4 years later)= 50k for gradschool plus a new car
-public university for free + dorms= 50k for gradschool
-Duke= no money for grad school and about 75k in student loans from undergraduate.

It was so helpful. My sister had a similar conversation years later and she chose to live at home and then they paid for all of grad school. [/quote]

This^^^  Our oldest had the choice of a couple of expensive prestigious privates and state flagship full ride.  His ultimate goal was to attend medical school and we had enough for four years of an expensive tuition saved.  We laid it out by the numbers and had an honest conversation about it.  He chose in-state and is now in a great medical school with us footing the bill.  He'll graduate and start his career with minimal debt.  It was a hard decision for him at the time because it was a lot of hard work to achieve getting into the private schools and it the fact that the flagship is a top public helped but had we not had the honest frank discussion I think his economic future would be quite different.[/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