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College and University Discussion
Reply to "Why pay $90K for a less competitive private vs. far less $$ for a less competitive public?"
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[quote=Anonymous][quote=Anonymous]Because the $45k is not significant to them, and it doesn’t come into play when making the decision. Kind of obvious, no?[/quote] Yup. One kid selected between 2 schools, ranked about 10-12 different. Both costing ~$85-90K. Very similar schools for our kid's major. Kid had $42K/year merit award at the "lower ranked" school. We let them select the best school for them. They are at the full pay $90K+. They selected well---it's a better fit for them. But kid is well aware that 99% of kids would have been told to attend the school with merit and not leave $164K on the table. But for us, the money is in the 529, we are UHNW so more $$$ available to fund more education if needed. So we let them pick the best school for them. The extra $42K per year is not significant in our finances [/quote]
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