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College and University Discussion
Reply to "How important are college costs to you, even if you can afford any college?"
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[quote=Anonymous][quote=Anonymous]For us, we have the money, so I don’t care what it costs. (Since that what you asked). I want my child to go where they are comfortable. That’s it. [b]I would argue that if you have to sell assets then you can’t “afford” any college.[/b] That’s having to choose between your assets and college. I don’t think it’s worth 50,000 more a year, but I will pay it because I have it. You’re in a different situation.[/quote] OP here. I agree, but it's what FAFSA and colleges calculate: most assets are not protected, and therefore a lot of portfolios, real estate, etc, count towards your ability to pay. I'm not disagreeing with that rule, BTW. After all, the money is there, even though for us it's capital investment that we'd as soon not touch. But our situation makes me seriously reconsider all these really lovely, nurturing, smaller schools with such a hefty price tag. Also, can you treat your children differently? One of our two children has some learning disabilities and might benefit from hand-holding at a SLAC. Can we justify spending huge sums for this one, and send the other to our state uni? This falls into the larger question of distribution of effort/finances for each kid, which we've already had to face, and will continue to face as we get into inheritance questions. Do we do it according to need, perceived future needs? What's fair? Anyway. I'm struggling with guiding this oldest kid to colleges I feel comfortable with. [/quote]
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