Reply to If you turned down a top liberal arts school for a cheaper state school?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]MY DD has been accepted to Emory University and total costs will be close to $85,000.  We received no merit.  She was also accepted to UMD - College Park and we are in state.

If she goes to Emory, she will use her entire 529 College Fund leaving nothing for graduate school.

Of course, if she goes to UMD, she will have $ left.

I am rather sad for her but it doesn't seem like a wise move financially to go with Emory and we are leaning towards UMD College Park.

Anyone else in this situation?  Accepted to competitive college or top 20 college and cannot justify such a high cost?

[/quote]

OP, you saved for college, now you're suggesting the cheaper (and potentially worse fit) option to save for...grad school? Will you want DC to pick the cheaper grad option to save for her future down payment? You did DC a service by saving the way you did -- now let DC attend the better fit school. A liberal arts school has a lot to offer the right student - cost isn't always the most important metric, especially when cost is not an issue for you in this case. [/quote]

If you have the money sitting there to fully pay for Emory (NOT taking loans), then I'd turn the decision over to DC. Lay out the options so they understand they can have a UMD degree + funding for grad school and/or Roth IRA vs. an Emory degree and nothing more. They can live with the consequences.[/quote]

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