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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We will be happily paying 90K for our DC to attend Northwestern this fall.  We are currently paying 70K/year for a SLAC ranked in the 30s with a merit scholarship for our other child.

Leaving out the Ivys, schools we have toured that we would have paid 90K for without reservation include:

Brown
Wesleyan
Duke 
WashU
Vanderbilt

The truth is we would pay that amount for the school that is the best fit for our children.  It would have been begrudgingly at some schools and comparisons with schools that came in below with merit would be made along with a discussion of value.  That said, I expect those schools would have offered some merit to our students.

For our student that we are paying less for we are planning to put any difference towards grad school for her.

Our kids went to public school k-12.  We are (I think) a donut hole family.  We pay with a combination of savings and cashflow.

If we had to borrow any of the money it would be a different conversation.  Net worth about 5M+, we are 8-10 years from retirement.
[/quote]

You are not a donut hole family, you have five million dollars.

Even if 1mm of that is not liquid (house), you have enormous resources.

Full freight for four years at (e.g.) NYU for two Larlings is less than 25% of your net worth.

This conversation is not about you, homey.[/quote]

So out of 5 mil , I would guess about 25-30% is primary home. Exclude that and we are left with ~ 3 mil. Now stock market can easily sell off 50% so I would discount 1.5 mil from that. Now at 1.5 mil it is doable but not as effortlessly as we thought earlier [/quote]

+1 Once you take out home equity (we have a second home and not willing to sell it or take out another mortgage) and retirement accounts, even $3-4M in liquid assets isn't enough to happily pay $1.2M for college when we're close to retirement. Plus market fluctuation for the securities and real estate markets could seriously decimate a chunk of our assets at any time.

I completely understand why we're not eligible for FA, but we're not willing to pay $90K+ per year. Of course part of this equation is what DC's alternatives are. Luckily DC was able to secure a very generous athletic package, so DC turned down some top schools that only offer FA and would be full pay for us. There were other factors too, such as much stronger support for athletes at the schools that offer athletic scholarships and still similar career outcomes for DC's field. Plus DC likes the idea of getting paid for their sport.[/quote]

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