Reply to college admissions process so far, financial aid disappointment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This has been hard. My child has gotten into their safeties (Towson/Salisbury) which they are NOT enthusiastic about. They have also gotten into some of their reach/target schools. Unfortunately, those schools so far are around 60k per year with merit (child has 4.8 gpa). Financial aid is minimal. I don't have an amazing salary, but child has substantial college savings because of extenuating circumstances (not enough to cover 240k though). They go to a decent high school in Montgomery County, and it is sad for them to see their classmates commit to schools they cannot commit to. How do you help your child handle going to a safety so they can graduate college without debt? My child is so disappointed to have to go to school with peers who didn't grind like them and sacrifice time. But they/we just aren't willing or able to pay 50k PLUS per year. They want to go to med school after college as well, so the price of undergrad really matters. Please tell me your stories of going to a safety bc of money and kid thriving.[/quote]

Here is a hopefully encouraging story:  I and many many people I know went to a state flagship, graduated with minimal debt, and then took out big loans to go to a top tier private law school.  We all had the loans paid off in 5-8 years and are financially thriving.

For parents with juniors: use the net price calculators on the college websites to get a sense of what financial aid package may look like [b]before[/b] your kid applies.  If you have money set aside, you should expect to pay up unless the school gives a lot of merit aid to applicants who have a similar academic profile to your DC's.  [/quote]

But OP didn't know what the merit would look like until her kid receives admissions decisions.[b] The merit came back lower than expected. That's the problem here. [/quote][/b]

But why did she expect merit from a public university?  It's already discounted.  We received NO merit from the Virginia universities my kids attended, nor did I expect it.[/quote]

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