Reply to How important are college costs to you, even if you can afford any college?

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[quote=Anonymous][quote=Anonymous]I made more than enough money (just under 7 figures at my peak) to pay for any college whatsoever for each of my kids, but there was no way in hell I was going to pay for private school unless I was paying top tier.  It's just not worth it.

You'll find a lot of posters on this board with money who will say that they'll happily pay for second tier schools that nobody's ever heard of -- including those silly "CTCL" schools.  I think they're all nuts.

[/quote]

you're back!

OP, if I were in your shoes, I would probably explain to DCs that state schools were the only unless they were able to receive merit at a LAC, knocking it down to the cost of the state school. In most of those instances, the LAC will not be in the top 5-10 unless your DCs' CV is out of this world AND the school has a special scholarship for such (see Davidson).

If you have a DC that will thrive best at a LAC, then I would go that route if you receive enough merit. Ignore the CTCL basher. There are plenty of kids who attend these schools and end up with great jobs and lives.

Also, while I am sure it is hard, I grew up working class. There were no assets and there never were any assets. I am sure this must be a challenge, yet you are fortunate that cashing in is even an option. I paid off my loans, but savings/retirement accounts really took a hit during those years. A number of my friends have it a lot harder than me. [/quote]

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