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[quote=Anonymous]Basic principles:

- In-state public universities are probably the best option for most students.

- Brilliant or unusual students might really need other schools, but part of them showing that they’re worthy of the other options is that they have to go out and find the other options and help figure out how to pay for the other options.

- Parents shouldn’t have to take out PLUS loans or raid their retirement accounts to send their kids to college, but they should be willing to use the money they’re already spending on a kid for college and scrape up an extra $500 per month. The kid should be willing to take out a $7,000 guaranteed student loan and earn about $5,000 per year from work. For parents with $200,000 in annual income and one kid in college, that should produce about $35,000 to $40,000 per year in college money.

- If kids from high-income broke parents want to spend more than $35,000 per year, they need to look into ROTC, merit aid, the military academies or other creative options. But they need to take the lead in figuring that stuff out. Them being able to figure out the admissions and aid programs is one sign that their desire to do something unusual for college makes sense.[/quote]

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