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[quote=Anonymous][quote=Anonymous]I've always thought that I'd pay for a top tier school or state school, nothing in between. My first got into and attends a top tier school but my second will almost certainly not get into one, yet is interested in a number of second tier schools that have the same hefty price tag. Would you force your kid to attend a state school if they didn't get into a top tier school? With great sacrifice, we can afford to pay the second or third tier price tag but I can't help but think my kid would be better off at a state school and with ~200k (the likely cost difference) in a long-term investment.[/quote]

This is not worth the great sacrifice. In my family we have a saying - we do what’s right, not what’s fair. They are two different people and should be treated as such. Both my kids are going to less prestigious schools than what they got into, but was too expensive and frankly not worth the ROI.

It is not wrong to use that money on a new kitchen or retirement or vacation. You earned the money and need to think about your future as well. It’s not like you are throwing the kid out to the wolves. You are still willing to pay for a state school and have him debt free upon graduation. [/quote]

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