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College and University Discussion
Reply to "My DS is a freshman and is really happy, but I feel depressed that I limited his options."
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[quote=Anonymous][quote=Anonymous]OP, I understand you. Both my spouse and I are struggling with the same dilemma. We are self employed, so retirement, healthcare costs, possible unemployment or disability is all on us. So, we have always put a lot into retirement and savings for this reason. We also have saved for college but not $300K per child, which is what some of these expensive elite privates cost. We also have a younger child. DC is a top student but a lot of the top private universities don't give out merit aid. So, it's going to be full pay. We make too much for financial aid. Is the price tag for some of these private universities really worth it? We feel badly if we have to limit DC's college choices simply because of finances, but at the same time, I don't know if it's really worth raiding our savings/retirement for it. For us, though, DC hasn't applied yet to any colleges, but the list DC put together is not cheap. We've had the money talk with DC, and[b] I feel so badly for limiting DC's choices[/b].[/quote] Stop with this insanity. My completely average son got into all 8 places he applied. DCUM had us worried he wasn't going to get accepted anywhere. We looked at price, then added in merit aid when offered (yes, even for an average kid). Adding in a budget helped narrow down that list tremendously. It's the height of privilege. to be able to do all of that. I won't feel one bit of sadness over any of this, only grateful and happy thoughts. [/quote]
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