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College and University Discussion
Reply to "Heartburn from being full pay"
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[quote=Anonymous][quote=Anonymous]Even if you had aid elsewhere, it likely wouldn’t be 100%. So, your really complaining about the difference between full pay and a moderate discount. Let’s say the discount for some is $25k a year, or $100k over four years. If you can afford to pay full freight, are you really going to derail your kids choice and education for 100k? The difference isn’t going to make a big difference in your life, like early retirement. So, pay it and get happy. You and your kid will better enjoy their experience. [/quote] However, if you will need to take parent loans to fund that $25K/year or significantly change your retirement savings/lifestyle, then IMO, no it might not be worth it. But it really depends upon the school, how "difficult or easy" it will be for you to pay, and your kid's major. for ex: is a #60 school worth paying $25K/year more than one ranked 80th? Probably not, IMO. but it depends upon your kid's major, why they really like the 60 school, etc Is a #30 school vs a #100 school worth it? More likely to think that is, but once again, if you have to take loans for that then no it's not[/quote]
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