Anonymous
04/14/2024 09:23
Subject: Re:Is 20k a year less a reason to choose the cheaper school?
Which one is the kid most excited about and feels more like home for the kid? Pick that one.
Anonymous
04/14/2024 09:22
Subject: Is 20k a year less a reason to choose the cheaper school?
80k put into a Roth IRA before age 25 would pretty much secure the kids retirement.
Anonymous
04/14/2024 09:19
Subject: Is 20k a year less a reason to choose the cheaper school?
what is making it not quite equal?Anonymous wrote:If almost all else is equal?
Anonymous
04/14/2024 09:18
Subject: Is 20k a year less a reason to choose the cheaper school?
For me that would be a huge factor. We don’t have college funded though and 80k is a huge amount of money for us.
We’re happy to help DD but are not providing a free ride.
We’re happy to help DD but are not providing a free ride.
Anonymous
04/14/2024 09:15
Subject: Is 20k a year less a reason to choose the cheaper school?
If all things were really equal, it would be for us. But are they?
Anonymous
04/14/2024 09:12
Subject: Is 20k a year less a reason to choose the cheaper school?
Major is the most important, if it's not stem don't waste your moneu
Anonymous
04/14/2024 09:10
Subject: Is 20k a year less a reason to choose the cheaper school?
Question really is what else would you do with the money
Anonymous
04/14/2024 09:03
Subject: Is 20k a year less a reason to choose the cheaper school?
Not if full pay and money is sitting in a 529. We allowed DC to pick the best fit school and gave up merit everywhere else.
Anonymous
04/14/2024 08:56
Subject: Is 20k a year less a reason to choose the cheaper school?
If there’s not a huge difference in fit, or opportunities, I’d go with less expensive. 20k/yr out-of-pocket is significant. Maybe you take some portion of that and give it as a down payment, or start an investment portfolio for DC.
If you think the kid is more likely to hit the ground running — to show up more fully — at the more expensive school, that’s a different equation.
We have a similar choice, though the $ gap is bigger and I’m not sure all else is in fact equal. We go back and forth.
If you think the kid is more likely to hit the ground running — to show up more fully — at the more expensive school, that’s a different equation.
We have a similar choice, though the $ gap is bigger and I’m not sure all else is in fact equal. We go back and forth.
Anonymous
04/14/2024 08:08
Subject: Is 20k a year less a reason to choose the cheaper school?
To me it is, but DCUM would consider me poor.
Anonymous
04/13/2024 21:13
Subject: Is 20k a year less a reason to choose the cheaper school?
Anonymous wrote:Anonymous wrote:Depends on how that 80k looks in your family budget.
This 100%
There is no "magical right answer". We let our kid turn down $40K merit per year and attend a similar (slightly higher ranked if that matter) but somewhat better fit for our kid (with the intangibles, like ECs and the type of student). Both schools were $85K+/year. So we pay $40K extra each year. However it's a blip on our financial radar, and the money is already in the 529 with plenty more for grad school.
If that extra $40K meant debt for our kid or us, then they'd be at the cheaper school
What is your hhi?
Anonymous
04/13/2024 21:11
Subject: Is 20k a year less a reason to choose the cheaper school?
Anonymous wrote:Depends on how that 80k looks in your family budget.
This 100%
There is no "magical right answer". We let our kid turn down $40K merit per year and attend a similar (slightly higher ranked if that matter) but somewhat better fit for our kid (with the intangibles, like ECs and the type of student). Both schools were $85K+/year. So we pay $40K extra each year. However it's a blip on our financial radar, and the money is already in the 529 with plenty more for grad school.
If that extra $40K meant debt for our kid or us, then they'd be at the cheaper school
Anonymous
04/13/2024 21:03
Subject: Is 20k a year less a reason to choose the cheaper school?
Depends on how that 80k looks in your family budget.
Anonymous
04/13/2024 21:03
Subject: Is 20k a year less a reason to choose the cheaper school?
Ummm. If all else is equal, why wouldn't you choose the cheaper school?
Anonymous
04/13/2024 21:01
Subject: Is 20k a year less a reason to choose the cheaper school?
If almost all else is equal?