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College and University Discussion
Reply to "Should I just tell DS what we have in his college fund?"
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[quote=Anonymous]Yes - of course you tell him as part of a larger conversation about financing higher ed. Be honest about what you have saved for him (no discussion of sibling whose funds should be separate) and what you think you can contribute each year. Tell him to set up a spreadsheet tracking the costs of each school he's considering and find the difference that he'll need from scholarships, loans, or his own funds from work. It's eye opening for kids but a good life lesson. Both of my kids really changed up their application lists to include new options when they realized they could get merit aid to fill that gap.[/quote]
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