It’s a parental decision as to how much you will spend from your savings, pay out of current income and borrow for your child’s education. Be aware that co-signing for or with your child on a student loan means YOU are borrowing too and the lender has Two People to hit up rather than just one to pay back that loan.
What I have seen often happening with families like yours is that if kid gets into dream college, or a particularly prestigious one, the parents break open that bank and borrow, do just about everything and anything to make it happen. If it’s a school without name recognition, it seems it’s a lot easier to be firm about the cost limitations. Too bad if Little Known Private U is your first choice. If it’s going to cost double big State U cost, not gonna happen.
So that’s where it likely will go with Columbia if your DD is accepted. If you possibly can, you’ll get the money to make it happen. If your assets and income are at s certain point, Columbia isn’t going to give you financial aid. These highly selfctivevschoold do not tend to negotiate price either. They don’t have to do do. And there is no merit money.
Fordham will likely come up with some money, for students who have stats to be in the midstream of Columbia acceptees. And if you are a NY State resident, total cost at s SUNY, sleepaway included will likely be $25k or so. So there you have it.