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[quote=Anonymous]"The merit aid is so confusing because I don’t know what to tell my child the cutoff amount is for applying to schools. Realistically we can afford mid $30s (in-state rates) so do I tell my child a school over $50k is off limits for applying? Since he wants a larger school, most of the ones that seem to offer big merit are small. His grades are average, so I can’t imagine why a medium size or larger school would offer merit as I’m sure they’re getting lots of applications. Hopefully I’m wrong. Child would like to go to school out of this area, but cost is certainly a factor."

I think the best thing to do is set the limit on how much you can contribute, and be clear about whether you'll let them take out student loans. (Max is $27K in the aggregate.) They can then use the NPCs to figure out which schools with a high sticker price might give enough merit to them to meet your $35K out of pocket limit.

Join the Paying For College 101 Facebook group. There are lots of people there who are experts in this and can suggest schools if you share enough info about what you're looking for. There's an off shoot group for Higher Incomes but the regular one gets the most traffic.[/quote]

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