Reply to I’ve been honest with my daughter about what we can afford but….

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, At least from what you have posted, it is not at all that you cannot have afforded for your child to go to Princeton, it is that you have made decisions about how to spend and save that make this an impractical at this point.  Your child won’t know this. Your child is about to be an adult, and apparently he’s quite intelligent. Your child won’t know, and I would hope that you would provide reasoning, that you had made choices other than saving for potential high-ranking private colleges in terms of how your family spends its income. There is absolutely nothing wrong with that, of course. We all need to make choices and balance opportunities and risks. But when you come online and say you can’t afford it, I think you know that, had been planning since your child was born, you actually could. You say you live in DC, why is that? I would never have lived somewhere as expensive as a TC as a child because my parents were saving for college. Again, that is not to say that that is better, but I feel like so many previous posters are approaching this as how to shield your child from some inevitable reality, when the reality is that their parents made certain choices, and I have no doubt that you are good parents and make good choices, but it is not as though fate has beststoe this on your child. You made decisions all along the way that resulted in this. These decisions may have been to provide your children with more time with your parents to do a shorter commuting distance, or to provide more activities or vacations or simply the comfort of a somewhat larger home. But those are the choices. At your income level, assuming You have had it for sometime and will have it for sometime, of course you can afford Princeton if that were the priority. Again, maybe many reasons, and good reasons, why it is not. But, to say you can’t afford it seems to be shielding the fact that the real answer is that you are not choosing for it to be a priority. Do you really think your kid won’t figure this out? And that you don’t want to be the person to frame that this is a complex thing, thinking about family finances over many years?[/quote]
Not OP but you sound like a real gem of a person.  /s[/quote]
Exactly
Are parents servants of their children?[/quote]

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