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College and University Discussion
Reply to "Cost of attendance? Wow"
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[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] [b]You’re going to tell you child they can’t go to MIT, Stanford or an Ivy League college because it’s too expensive? [/b] 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] That is exactly what we told our high-performing kid. He had/has the stats and the profile, but did not apply because we can't pay for it. I would not mortgage my teeth or take out loans, unless the loans were very modest (they would not have been).[/quote] We offered a choice and presented the pros and cons. As a disabled veteran my kid gets free in-state tuition at a great school. They had the choice of us dropping the money we had saved on an undergraduate education or us saving that and the GI bill for what really matters, the graduate degree. They chose wisely turned down the top 10 are thriving and never looked back.[/quote]
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