Reply to How important are college costs to you, even if you can afford any college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I made more than enough money (just under 7 figures at my peak) to pay for any college whatsoever for each of my kids, but there was no way in hell I was going to pay for private school unless I was paying top tier.  It's just not worth it.

You'll find a lot of posters on this board with money who will say that they'll happily pay for second tier schools that nobody's ever heard of -- including those silly "CTCL" schools.  I think they're all nuts.

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+1 Luckily DC had the grades for top schools and significant merit at others so we never had to cross the bridge to having such a conversation. [/quote]

But that is the question.  Is even a top tier school worth $80k a year if your child gets significant merit at another school?  My kid has high stats and that is the decision I am grappling with.  I am in a similar situation to the OP.  As a single parent, have a reasonable income (but not one where I can pay full tuition) but have some money in an account from my parents (who passed away) that means I will not quality for aid.  The question for me is whether to put all of that money to college tuition or not.  (I do own my house and have a good amount of retirement savings.)[/quote]

It depends on what the other options are.  If the other school is some no-name lousy CTCL school, for example, and you have decent money, you don't turn down Harvard for it and totally compromise your kid  But if it's a good school offering decent merit aid and your other choice is, say, Georgetown, you go with that school over Georgetown.

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