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[quote=Anonymous][quote=Anonymous]We are in the same boat.  I don't want my children in debt up to their ears, and I don't believe my current college contender will get into any Ivies or schools like Stanford.  Her hopes are set on small liberal arts schools which I consider pretty competitive to get into.  However, I don't want her to acquire such huge debt for those schools.  The state school option is upsetting to her because of the size of the school.  The smaller honors college was not her cup of tea.  I think and hope that she will come around to realize that state school is her best option in spite of the size.[/quote]

PP. Identical situation here. I have told DC that state school is better than community college or not going anywhere. What's the value of acceptance to Princeton if there's no money? DC just wants to apply to see if DC gets accepted. OK, I'll spend the $100, but I'm making DC apply to state schools too, even though DC's stats are way too high for state schools. But what's the other option? I don't see one unless some small SLAC falls in love with my kid and hands DC a full scholarship. Dream on, kiddo.

PP, even if your child gets into Harvard, their financial aid is very limited, just better than many other places because they have so much money. According to Harvard's financial aid planner, we'd pay $50K plus to send our child to Harvard, and no way can we spend that much money, even for Harvard! It's impossible for us and financially completely imprudent! Do you want to spend down your savings so you have nothing just so your kid can go to some fancy school?

I went to an Ivy, and to a competitive private grad school, but that was years ago, when tuition was affordable for the middle class. Those days are long gone.

It's so upsetting and frustrating. I want my child to have the great education I had, but it costs too much!

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