Reply to For UMC families.. how much did you end up paying OOP for college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]For most UMC families state colleges are the way to go[/b].[/quote]

+1.  That's what we did.[/quote]

That is what I am thinking. The only issue is the one everyone wants to go to is sooooo tough to get in. So I feel like there aren't too many in the middle! 
[/quote]
We have enough in 529s, savings, and current income to cover 3 kids (2 overlapping at a time) at $70k per year. It would be tight, and vacations would stop. Doesn't mean we are going to though - the value has to be there. State school is our baseline - $25k/year. Any out of state or private has to offer something substantial (top 10, special program) to be considered.

With kid #1, we found that several other state schools offered enough merit aid to bring costs closer to state costs and to be worth considering. For example, Purdue offered $15k, to bring costs around $35k. A private offered $5k one year only - 1st year $70k, then $75+ after that? Nope. Kid #1 is at a great fit state school.

Going in kid #2 knew the criteria, and applied accordingly. There's a possibility we'll be paying $70k for this one, or it might be full ride to state school and $towards grad school. We'll know in a couple months.

Kid #3 is likely state school.

Just because you CAN pay top dollar doesn't mean you should.[/quote]

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