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College and University Discussion
Reply to "Did anyone get more than $30K in merit aid at private college? "
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[quote=Anonymous]If you are adamantly opposed to loans, please make sure that your child is well aware that he will be going to whichever school awards him the best package. Choice flies out the window if finances are the sole concern. That can be hard for kids to stomach if they have personal favorites. He is not going to stand out for merit aid with a 3.8 and what will likely be mediocre SAT scores (if you use PSAT as a predictor). I think he should look at smaller schools in other areas that will be looking to attract out-of-state students to boost their diversity numbers. And FWIW loans are not the end of the world. I moved home after graduation (helps that I lived near a major city's job market - which our kids here do as well) and applied what would have been money wasted on rent to pay off my loans. Had them all paid before I got married.[/quote]
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