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College and University Discussion
Reply to "How to get my dad to factor in cost of attending?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Details of the finances do not matter. I just want her to look at the total cost and the impacts. We have over a year to decide. But, 25K is a number I can pay out of pocket; 70K I can not. It is that simple. I do not want to take out loans. I could pull cash out of my retirement fund (I will be 59 1/2 in her soph. year). That would probably require me to work until I am 70 instead of 66, though. I can also point out, that as my only child/heir, in the end it is her money we are spending.[/quote] Then you need to have a more fulsome, complete discussion with her about what you can pay and what you can't and why. It may come as a surprise to her, and she may be disappointed for a couple of days but that's the only way to get her to factor in cost of attendance. If you don't explicitly say "there is a limit," don't be surprised when a teenager assumes or acts as if there is no limit to what you will pay.[/quote] +1 If your child is smart enough to get into BC or VT she's smart enough to understand that spending 45K$ more a year is a huge amount. In my own experience, the cost of college was the biggest driver in my educational choices. I chose a more expensive, more prestigious college than other schools which offered me a full-ride and have no regrets because that college opened up higher paying, better career opportunities for me, but was fully cognizant that I needed to take out loans to do so (and my parents kindly did as well).[/quote]
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