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[quote=Anonymous][quote=Anonymous]First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5.  She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and s[b]uggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.  
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However, assuming  that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget.  It is indeed a privilege to have that choice.

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We are doing this.  DD went to UVA and we banked the difference between that and the cost of a private.  Because the market was (then) strong, we can now afford to send her to Oxford for an MPhil and perhaps Law after that.  Harvard Law is now a whopping 107K a year for a total of $321,000 . . . probably $350K by the time DD applies to any law schools.  It's insane. We also sent DS to a public Virginia school.[/quote]

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