Reply to Looking back, do you wish your child attended the least expensive college?

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[quote=Anonymous][quote=Anonymous]I think setting that expectation was the job for two years ago. Did you give your student a budget? Do other schools fall within that budget?

I think you are setting yourself up for a lot of resentment if you say “Great job getting those merit scholarships to Welcoming SLAC and Awesome Flagship, but Dad and I decided you are going to Last Choice Safety. Hey, you picked that school to add to your list (after we insisted you needed a safety), so really, this was your choice.”[/quote]
It depends on OP's finances, but I think such a kid seems entitled if they expect the parents to pay beaucoup bucks for a college degree. Some of these colleges cost more than the median salary. That's insane.

OP has two other kids. What would they tell the other kids when it's time for them to go to college?

I get it, OP.  My DC worked their butt off in HS. Graduating in a magnet program 4.0 uwgpa, very high SAT scores.  DC applied to flagship in state as well as OOS and fancy private.   DC will most likely go in state honors college that has a very good reputation in the industry because it's soo much cheaper (merit aid) AND the reputation is solid. DC will easily be able to find a good paying job after graduation.  The money we save will also allow DC to go to graduate school possibly fully paid by us.

My DC told me that a lot of the reasons why kids want to go to these fancy elite schools is due to ego, and that does include DC.  I told DC I'm not paying $320K for your ego.  Instead, I'll buy you a car for $32K after you graduate.

The best gift you can give your college aged kid is to have them graduate without any loans, and for the parents to be financially independent in retirement and not have to rely on their kids.[/quote]

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