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Reply to "Discussing costs of college"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I find that parents who say their kids can't attend a private school from the get go often have a very poor understanding of the college process. Merit and need based aid can often even out the costs between public and private options. I'd make sure my kid was aware that his ability to get scholarships will affect his options and that you will need to consider cost in selecting which school he can afford to attend. That's probably enough info for 8th grade.[/quote] I went to an extremely expensive private school and got need based scholarships. My kids wont qualify for need based scholarships and I won't let my kid take on loans. Its a realistic conversation.[/quote] It isn't if you are leaving out merit. Merit aid is a huge factor in how much colleges cost. In 8th grade, it makes sense for you kid to know that you have saved enough that you are confident that they will have good options, but that cost will be a factor in the decision. You'll likely be able to afford a variety of options, but not every option. Details about what kind of schools can come later when you have a sense of what he wants, and what his stats are like. [/quote]
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