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College and University Discussion
Reply to "So many mistakes. So much disappointment. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Flagship ranking is around 150. She got a scholarship so cost is 5K tuition plus housing (10K). 15K total. T10 school. She got 20K in financial aid which would bring tuition down to 50K. Housing is about 15K. 65K total. Engineering major. [/quote] Then you make 220-300k, and can afford 65k. She can take out 5k in loans if you want, and since again this must be HYP or MIT, she can easily get a research position that will pay around 2k a semester, can likely make 5k + each summer. Let her go.[/quote] +1 They most likely could "afford" it if they had planned better. But are likely stuck in a "we spend all of it and don't have $40-50K extra each year and didn't bother to save". Unless they have it saved or can easily pay it (at even $300K they likely cannot), then they should not attend,. This is precisely why you do not let your kid apply somewhere you truly cannot afford. Just like most don't go and test drive $80K+ vehicles, you don't test drive/apply seriously to a school that costs $90K+/year unless you can afford it. Because of course, if your kid gets in, they will want to attend. The cost factor of college should be laid out for your family/kids when they are in 9th grade and reiterated yearly. It's nice to have dreams, but it's not worth going into major debt for school [/quote]
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