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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]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] So you are talking 200k difference. About 170k if she takes out the full government student loan amounts per year. If she only got 20k in grants from a top ten school, then you guys should be able to afford to the extra 170k. I think you should try to make that happen for her. A top ten could offer life changing career opportunities. Also, try to negotiate the aid.[/quote] The fact that you are downplaying $170,000 is insane. Guilting a parent into spending $170,000 more they she can afford is how we ended up with the student loan crisis. [/quote] Exactly! Yes, I agree at the likely income (to only get $20K), they most likely "Could" afford that if they made different choices. But they likely are already living an elevated lifestyle that uses all of their income. And that means they cannot afford it. Obviously they should not pay an extra $170K. They should never have allowed their kid to apply, because a simple NPC check would have told them exactly what they would get. If you cannot afford it, you don't let your kid fall in love, apply and get accepted. THat's a recipe for disaster. [/quote] NPC was wrong wrong wrong for two of the schools my kid got admitted to. $30,000 off (in the wrong direction) in one case. The FAFSA schools all gave generous merit aid, the CSS schools want us to sell our house. It all worked out in the end, their dream school came through with very generous merit but I could see how someone would get a bad rug pull if they relied on the estimates. [/quote]
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