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College and University Discussion
Reply to "Big merit at safety vs full pay at reach"
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[quote=Anonymous]OP it is a good idea to tell your child that they will have to make a careful decision. I think the job of the parent is to guide their children by trying to make sure they have all the relevant information and by helping them to think through the possible consequences of each decision. If you can’t afford full pay let them know they need to apply to affordable schools or try for merit or financial aid. If you can barely pay full pay it is harder to know what to do. We were in this situation and we encouraged ds to apply to a variety of schools including at least one in-state, a few schools which offered merit aid and a couple of schools he loved but which would be full pay. We continued to discuss pros and cons (including paying for graduate school) all through senior year. When the acceptances came in, he had been thinking about the trade offs for months. He ended up at the in-state option (with a scholarship) but only after he visited a couple of the places he had been admitted to. We encouraged him to take his time and not make a hasty decision. For him, he opted for the in-state option because he wants to go graduate school and he was enjoyed their accepted student orientation. If we felt the affordable option would not have been a good fit, we would have encouraged him to choose a different school even if it was more expensive. Since you can afford full pay I think it is reasonable to consider fit. [/quote]
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