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Reply to "College applications -- apply to $$$$ schools or not?"
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[quote=Anonymous]Whatever you do, tell your student what the metrics are and what you will pay before they apply and then do not pull the rug out from under them when they have been accepted and you then say it is too expensive. And treat them equally, even if one gets into a better school than the other. I have one student that will graduate from a SLAC next year and we will have paid roughly $230k after merit aid, we have another starting at a top 10 full pay in the fall. We are probably similarly situated, higher HHI, less in none retirement brokerage, 4.5 M in retirement investments, a little more in the 529s. We did not put financial constraints on them, the older one, a top student, did not get into her dream full by pay school, the younger one did. We will likely equalize how much we pay for each s education over time in terms of graduate school or other starting out assistance. Senior year application season is fraught. Good luck. [/quote]
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