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College and University Discussion
Reply to "I’ve been honest with my daughter about what we can afford but…."
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[quote=Anonymous]You told your daughter what you can pay and she seems smart enough for basic math. That is what you can pay. If she wants to apply to "elite" colleges and hope that she gets some monster aid package, so be it. It is unlikely but at least she can always say "I got into...". Do not go into deep debt for college. I saved 300K for each of my kids and my first has chosen a school at thats 160K. I am so over the moon about this, I am wondering what I was thinking when I agreed to spend 300K on undergraduate. I think I was caught up in the hype. I am going to save the money and help with a mortgage or start up seed financing once he graduates but I'm SO GLAD I am not giving it to a university. With very few exceptions, these high dollar colleges are paid for with foolish if not well-intentioned people (I was almost one). [/quote]
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