I would consider the following 10 basic rules…
- Cheaper isn’t always better and the cheapest option should not be the de facto starting point for preference.
- Social, academic and financial fit are all very important in determining happiness and eventual outcomes and should be considered equally.
- You can’t attend a school unless you can afford to pay for it, but sometimes modest amounts of debt are worth it.
- Prestige and name recognition don’t always matter but often they do. For international students and those interested in specific careers, certain top tier schools out perform lower ranked schools. This difference becomes more acute as the disparity in ratings, prestige or name recognition becomes greater.
- These decisions and discussions are personal and based on family value systems and unique financial circumstances. Consequently no one should pass judgement on the conclusions or priorities of others.
- While it may seem helpful to hear about other kids specific experiences assuming that your experience will be the same is risky. Your response to any comments beginning with the term “my kid” should be taken with a grain of salt in terms of its personal relevance. First hand experience however is always more valuable than “searched” second hand info.
- No matter how well intended, anyone giving you advice will be basing that advice upon their own biases and as justification for their prior decisions. It is human nature.
- If someone always offers the same answer they aren’t listening to the question.
- The value of free advice from strangers is often equal to what you are paying for it (including mine).
- Listen to and respect everyone but only follow the advice of GCs, confirmed experts, your parents (or kids observations) and others who know you or your kid the best.
Good luck.