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College and University Discussion
Reply to "Brown $68K vs. UMich (in-state) $28K"
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[quote=Anonymous]I'm one of the PPs with a kid at Brown. For us, the question of value was critical. With financial aid, we ended up with an annual tuition bill of about $28k. My kid received a couple of merit aid offers at other private schools that would have made our tuition bill about $15k. We decided that $13k a year was not life-altering for us and that, based on other factors, Brown was worth having to keep our 13-year-old car on the road for a couple more years. Had a full tuition merit aid materialized, we probably would have decided that $112,000 over four years qualifies as life-altering (at least for us, and also for kid with a sizable chunk of that money being earmarked for grad school tuition). I have no idea of OPs finances - is $120K life-altering for you/your family, or is it just extra money in the bank, or forgoing a new car purchase for a few more years?[/quote]
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