Reply to Is 20k a year less a reason to choose the cheaper school?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on how that 80k looks in your family budget. [/quote]

This 100%

There is no "magical right answer".  We let our kid turn down $40K merit per year and attend a similar (slightly higher ranked if that matter) but somewhat better fit for our kid (with the intangibles, like ECs and the type of student).  Both schools were $85K+/year. So we pay $40K extra each year.  However it's a blip on our financial radar, and the money is already in the 529 with plenty more for grad school.

If that extra $40K meant debt for our kid or us, then they'd be at the cheaper school
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What is your hhi?[/quote]

700K. But our NW puts us well into being UHNW (the 529 were fully funded for $85K undergrad and grad school if desired prior to becoming UHNW).

And yes, our kid is well aware how privileged they are.  They know that 99%+ of kids would have been attending the school with merit (they are very similar schools academically, but socially and for all opportunities and location, my kid chose the much better fit for them school)

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