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Reply to "Advice re underfunded college savings & well funded retirement "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Kid gets to apply to prestigious alma mater institutions because lightning may strike and the money may turn up. If it doesn't, this is as good a time as any to learn to handle disappointment with grace. Why in the world are you hoping that the college, by rejecting your kid, will do this job for you? [/quote] I agree. Before you make a schools list, run the net price calculator for each of the schools. If you cannot afford to pay for a given school, then cross it off the list. There is no reason for him to apply to schools you cannot afford. None whatsoever. [/quote] Also check out the Common Data Set for each school. Your kids might not have the stats for your alma mater anyway, so that would allow you to strike it from the list.[/quote]
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