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Reply to "I’ve been honest with my daughter about what we can afford but…."
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[quote=Anonymous][quote=Anonymous]Bragging rights? Ego feeder? Who can tell what goes on in the mind of an 18 year old these days. I’d be consistently adamant about what you and your husband can afford and simultaneously take a step back…..let her apply, because you never know, [b]so why not.[/b] When the decisions come in and the financial aid comes in then you have the next big conversation about what is actually feasible. [/quote] Because the mom has said they cannot afford $83K a year and that doesn't include flights. That's why. It's unfair to the applicant child. This is the FIRST conversation any college counselor has wiht the parents and child: what have you saved; what can you afford? Realize that you will get no merit at all at top schools and will have to drop to second and third tier schools to get merit IF the child has something spectacular to sell to the school. Run theNPC but take a screenshot and don't count on it. If you live in the DC area you will, like us, probably get an EFC of 100% meaning you get only the $5500 unsubsidized loan. That's it. And yes Kids did apply to independent scholarships but didn't snag a single one. In retrospect, it was a waste of a senior's year.[/quote]
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