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[quote=Anonymous][quote=Anonymous]DS has the privilege of getting into Stanford and Emory with a full tuition scholarship. Stanford is full cost of attendance at about 80k, while Emory would be around 20k. We can only afford 55k a year and DS would have to figure out the rest. Of course we don't want to pay that if we don't have to. DS is undecided for Stanford but is interested in econ and Polisci. He would major in business at Emory and another major. DS really likes Emory after visiting, but is Stanford's prestige really worth that much more over Emory?

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I think if your kid really wants Stanford, I'd try to make it happen.  It's a stretch but it's not unobtainable.  $80 - $55 = 25K that needs to be found.  $5500 for freshman year can come from federal loans which leaves around $20K that needs to be found.  For $20K, I'd look at a home equity loan, side hustle, reaching out to grandparents for assistance, maybe trying to cash flow a few thousand.  I don't know your financial situation and maybe none of these are options.  On your son's side, he can look for a work study job on campus; he also should be able to make $5K over the summer.  I would also reach out to the FA office and see if there is anything they can do.  $5 or $10K would go a long way to closing that $25K gap.[/quote]

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