Reply to How to get my dad to factor in cost of attending?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I always told DD not to worry about college costs, but my junior Dd, 1400 SATs, 4.2 w gpa is not factoring the cost of attending college.  The comparison of Va Tech (26k) vs bc (73k) is huge.  I make enough that need based aid will be limited.  I want her to graduate debt free.

Between her 529 and other savings, we can handle Tech with minimal lifestyle changes.  The private’s will not be attainable without significant changes (selling house)[/quote]

First, you are complaining that your daughter is not considering the precise thing you have always told her not to consider.  That is unfair and frankly, idiotic.

Second, [b]if you make enough that need-based aid will be limited, I simply do not believe that you cannot afford BC without selling your house. [/b]Also, based on your post, you have saved slightly over $100,000 in her 529.  If you indeed make enough that need-based aid will be minimal, you have dramatically undersaved in the 529 (all while telling her to not worry about costs).  That's on you.

Third, if you want her to graduate debt-free, [b]you take out the loans [/b]to pay for the difference.  [/quote]

"Afford" is a term specific to a given family's finances.  You, an Internet stranger, are not in a position to evaluate whether OP can or cannot afford to pay for BC or any other expensive school.

[b]"(Y)ou need to take out loans" is a misstatement in this context.  OP has made it clear that their family priority is for DD to graduate from college debt-free and that they can afford to swing VT without loans.  Therefore, your statement is both inaccurate and not applicable to OP.[/b]

The PP is right that it is tacky to purport to override a person's statements and judgments about *their own finances*.[/quote]

If it's the "family priority" (by which you mean the parents' priority) for DD to graduate without loans, that is perfectly consistent with what was suggested.  The OP takes out the loans to make up the difference.  DD graduates without loans.

As for being tacky to second-guess the Op's statements about their finances, this entire thread spring up because OP was not honest and forthright about finances with the DD.  Given that backdrop, I'm not sure why you think it's out of line to question the financial representations now.

Also, override doesn't mean what you think it means.  [/quote]
*Parents* taking out loans to finance a child’s private college education is out of this world dumb. [/quote]

+1[/quote]

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