Reply to two kids in college - what is prestige worth?

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[quote=Anonymous][quote=Anonymous]Have a kid deciding now with another at her tail. So I'm getting estimates - directly from schools - about what it will be next year and what it will be when there are two in at same time.

Kid at Princeton and second at 4 year private college 
basically paying full fare first year of first and last year of last. Then about 50k per in the doubled up years.
Total COA for two:  480K

Williams a bit more but in same range.

Two kids at Georgetown
Total COA for two:  700kish. I assume at some point we'd qualify for FA, but not first several years.

Two kids at Grinnell. Merit from the beginning. 
Total COA for two: 175k

Humanities major for first, not sure of second. This seems easy to me. Problem is, everyone we talk to is like, "hmm.. Grinnell .. now that seems like a school I've heard of but remind me" and my kids and my husband just get down on the prospect. But they're realists .. they won't sulk if that's the decision. Georgetown is off our list, for sure.  Wouldn't pay more for Williams when Princeton is cheaper. Could we pay for Princeton? Yes. But that's it then, kids. No help with grad school, downpayment, anything like that.  [/quote]

If I were to argue for Princeton at full pay for a humanities student, it wold be because of the post college job opportunities and life-long connections made with Princeton alumni & classmates. There are plenty of scholarships for non-HYS law schools and a good amount of merit money for MBA candidates.

Your second child should apply to colleges & universities with an eye on affordability. Anyone capable of being accepted to Princeton and to Williams College should be able to get a full tuition scholarship to many great schools.[/quote]

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