Reply to Do you not let your kid apply to certain colleges based on tuition?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents told me way back that my only option was to live at home and go to UMBC and if I wanted something more expensive, I was going to have to come up with the money myself. UMBC turned out to be an excellent school and I got so much out of my experience there. I went on to get a masters degree at a big-name school which was paid for by my employer. I have never felt that my state school degree was not good enough. [b]I have already told my kids that UMBC or UMCP will be their likely school.[/b]

Honestly, if your kids want that big name on the resume, save it for graduate school. A masters only takes a year of full-time work (took me 3 years part-time).[/quote]

This is a sensible approach, but bear in mind that merit aid at some private schools, or out of state publics, can bring the cost down to what UMBC/UMCP cost.  My DC was awarded merit aid that brought our annual costs down to just about $1K more/year than UMCP.[/quote]

If you don't mind my asking, where did your DC receive such a nice merit aid package?

DD applied to many schools, public and private. She got merit aid at most of them, but the private merit aid didn't come close to the price of in-state public. She also got merit aid at public, so she ended up there mostly due to price. She would have liked to go to one of the private schools, but they cost two times what we're paying for public.

We have to go through this again with three younger siblings. They are only going to be allowed to apply to schools that offer generous merit aid and to publics. Both DH and I went to selective private colleges, but we can't afford either school for our kids. We're not eligible for FA, but we absolutely cannot afford the tuition. [/quote]

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