Reply to full ride at ND vs full pay at Wharton

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[quote=Anonymous][quote=Anonymous]WWYD:  heard this several times in last few years, with similar kind of schools. Stamps at ND vs Wharton. Went w Wharton. Another full ride at Vanderbilt vs full pay at Duke. Went Duke.  etc.

this from families with more than one kid and total wealth at 3 or 4ish million (let's say). So full pay for each is possible, but not meaningless.

every time the bigger name school was picked over the full ride.  and I'm not really buying fit since these could all be fit schools - they're schools they applied to and acknowledge would have been fine.  "but she just really wanted Duke" or whatever.  I honestly think you all might love your kids more than I do ... because I'd be banking that money for kid down the road.[/quote]

It depends upon your finances.

My kid had $42K/year merit award ($85K school) versus a slightly higher ranked school of a similar price (with no merit).  We are full pay, the 529 is fully funded and even if not, paying the $85/year is not a real issue financially.  We let our kid pick the full pay.  Why?  Because it was definately a much better fit.  The school with merit was one my kid initially said "nope not applying" then come sept/oct, did some research and realized that it is a great school for their major (STEM/engineering) and no supplemental essays, so why not apply.  never visited until April of senior year.  I could tell the full pay was a much better fit for my kid (and 10-12 ranking higher, but I consider them similar and am more worried about fit and my kid wanting to be there).

So we are paying close to $380K versus $240K.

My kid knows if that 98% of kids would be at the other school. 
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