Reply to Extra cost worth it? What would you do?

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[quote=Anonymous][quote=Anonymous]With a merit scholarship, one school costs 55K all-in, which we can just barely afford, and not comfortably. The other came is at 34K after an extremely generous merit scholarship. Both are small private liberal arts colleges and both reportedly good for his chosen major, but the 55K school is ranked in the top #30-40 for liberal arts colleges, while the 32K school is in the #90-100 range. Worth the extra 23k+/year for the more selective school that has a better national recognition and a stronger peer group, or go to the cheaper school and save? DC likes both equally in terms of campus and the specific programs in his major. We visited and were impressed with the faculty at both.[/quote]

30-40 isn’t a huge gap to 90-100 despite what some would say - and those who *would* say aren’t signing up to pay your kids tuition!

It’s great that your kid likes both schools; I’d sit down and talk to your young adult about the financial implications, especially since you note you can just barely afford the more expensive school. After laying out that the more expensive school is $80k in incremental spend over four years on top of the less expensive school tuition I can’t imagine they won’t decide to attend the less expensive school. [/quote]

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