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College and University Discussion
Reply to "schools w/ no merit aid"
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[quote=Anonymous][quote=Anonymous]OP has a horrible, entitled attitude. How are they JUST realizing private colleges cost $80,000? [/quote] Yes, it doesn't make much sense. Anyone who has made a tiny effort would know that's what the top private colleges would cost in 2022/2023. Our goal was 80K/year for a top university, 50-60K/year for mid level and 30-35K for state---that was what most college calculators have been telling us (along with our financial advisor) since our kids were little. For one kid we planned on 50-60K (smart kid but hates school, has ADHD/processing issues/executive functioning/test taking issues, so we knew early by MS that they would not be targeting universities that cost 80K and not likely to want to continue onto grad school immediately, and if that changed we would be able to cashflow the difference), for the other two we could see them possibly wanting to attend an elite/top university so we saved accordingly-if they go somewhere that costs less then they have some $$ for grad school. However, if we had not been able to save enough, we would have known that by 9th/10th grade and would have worked to develop an appropriate list of colleges to apply to that includes mostly schools we could afford. It's ok to tell your kids you can only afford certain schools, and that while you can apply to the T20 school it's a lottery, you might not get in, and without merit we cannot afford it. Same way you tell your kid they are not getting a brand new sports car for their 16th birthday, despite the fact classmates will get one (my kid's attended a HS where many kids drive 60K sports cars, brand new Teslas---I wouldn't do that for a 16yo even if I could afford it). [/quote]
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