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[quote=Anonymous][quote=Anonymous]I clicked on this post because it reminded me very much of the situation I was in when I was picking colleges. Granted, it was in 2004 so a very very different time, but there were still a number of fairly prestigious colleges that I was a good fit for stats-wise that didn't offer merit aid.

My dad took me on a bunch of tours and info sessions for these schools and others that would offer me significant merit aid and very adamantly advised me to take the scholarships and not go into debt. They had some money in a 529 but definitely not enough to cover four years full ticket at Georgetown or Cornell, even back then. I ended up taking a full tuition scholarship to a DC private university where I was more of a big fish in a small pond, and it was an amazing fit for me.

As an adult, I am so incredibly grateful that I was pushed in that direction. It would have been much easier for him, I think, to agree that I "deserved" to go to these brand-name schools, because on paper, I really did! But that kind of debt would have crippled me as a young adult, and I also think I would have been unhappy as an 18-year-old surrounded by kids from a much different SES than I came from. I experienced enough of that in law school, but at least I was a more fully-formed adult.. kind of.. at that point.

Your kid will bloom where they are planted, OP![b] I hope that they are able to understand the financial impact longterm that some of these decisions have on them/their family and make positive choices from there. [/b]

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With current loan limits, probably very little impact. You can not got to Wellesley on student loans, you can't even afford room and board on loans [/quote]

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