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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We told our kids very early on that it was a public instate college or they paid the difference.  Even if I could afford $80,000a year, I wouldn’t pay that for an undergrad degree. [/quote]

Why did you have kids if you're not prepared to pay for college? We saved the money and paid every cent (full pay) for the costs and all expenses at top 10 schools for each of our kids. [/quote]

You can be prepared to pay for college but not prepared to pay $80k per year for college. Just like I'm prepared to buy a car but not a top of the line luxury car. Paying for your kid to go to an $80k college is purely a luxury. They can get a good education and solid start in life for half that price. Fine to pay more if you want to and can afford it but it's hardly a parental failing to not to do that.[/quote]

You’re going to tell you child they can’t go to MIT, Stanford or an Ivy League college because it’s too expensive?  I’d mortgage my teeth and take out loans for my kid if I haven’t saved enough.

And sometimes an expensive but less competitive LAC can turn a mediocre student’s life around.  Happened to my little brother.  He’s forever grateful our parents really sacrificed to pay for his private college.  [/quote]

Yes, I would.  Mine know now we did the state prepaid and have enough for room and board and some for graduate school and we will find the money for the rest of graduate school.  They are appreciative for that.  We have saved since birth, tiny crappy house and do the best we can to save.  No loans. [/quote]

Yes, I would too. That's what my parents told me and my sister. She got into Penn and they didn't think it was worth the cost. She went to a CA state school. I got into some highly ranked privates but they didn't come with enough aid so I also went to a CA state school.  We both had good careers and happy lives and did not start in debt. Also, it was lucky my parents didn't decide to mortgage their lives to pay for it -- my dad got laid off halfway through my college years and never attained a comparable professional job (beware age discrimination).

My DS is at VT and will have $$ left for grad school.  DD probably does need a smaller, more supportive environment and is focused on less competitive LACs but with merit aid there are plenty that will fit our state-school budget. [/quote]

It happened to me too. I got into my dream school and the package wasn't enough. I'm not an only child. I went to the unknown less expensive school and got into a top law school from there and do very well for myself. It wasn't the end of the world. I see kids at our private school making the same choice every year. Do not go into outrageous debt for a name brand. It isn't necessary. There are hundreds of great colleges in this gigantic country, and your child will actually have a better experience at a lot of them than at the few you covet.[/quote]

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