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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][quote=Anonymous][quote=Anonymous]I still don't understand the problem. Top 10 private universities offer exceptionally good financial aid. At Princeton, families earning less than $250,000 pay no tuition at all. Other top privates are similarly generous. Almost no one says no to MIT or Stanford because it's unaffordable. Plus financial aid packages can always be negotiated. Also, every student of this caliber generally has numerous merit offers at lower ranked universities. Someone getting into MIT, Harvard or similar always has options. If this student's parents are morons, surely her high school counselor or even friends would have encouraged her to apply widely to maximize options. [/quote] The problem is that it’s a troll post.[/quote] Either it is a troll post or OP simply doesn’t want to pay for T10 and trying to crowdsource excuses. We have send 2 DCs through these processes and seen countless others receiving aid (FA or merit). Given the FA amount, OP makes decent if not good $$$. Otherwise, the daughter would’ve gotten a full ride or half off. $65k is doable but will require tightening of some fringe expenses. Doesn’t sound like OP is willing to do that or just willing to spend the T10 tuition. [b]OP, if you aren’t a toll, you need to understand if you succeed in persuading your daughter out of attending T10 due to cost, she will remember this decision for the entirety of her life.[/b] Especially after she begins to earn her own living and learn to budge, she will come to the realization you made one choice on her education when you could’ve done things differently. To her it will land in the camp of “you don’t think she is worth it”. [/quote] My friend, at 58, is still bitter that his parents pulled the plug on Princeton at the last minute in favor of a scholarship and the honors program at Penn State. He is brilliant and has done just fine in life . . . I doubt his outcomes would have been any different, but he has never forgiven his parents for denying him the chance to go to Princeton back in 1986.[/quote] A kid/adult has other issues if they still feel that so many years later! Such as being an entitled spoiled brat. We don't know what financial choices the OP has made. But either way, sounds like they can fully pay for state U for their kid. They are getting a good education wherever they go, and the perks of minimal debt (if any). Something very few kids get. [/quote]
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