Personally, the most effective change has been in my perspective as a parent regarding which schools my children will likely attend. I know how much I’m willing/able to spend for their college educations. I will not and cannot exceed that amount by much, and I hope to not spend the max I’m willing to spend. So, I/we have ruled out any expensive universities as “must haves”.
My children (beginning with my son at this moment, class of '20) will apply to any and every college he chooses. And, once/if accepted, we will then discover how much money each school will provide. If the awards/scholarships/grants reduce the amount due down to the magic number, that college becomes a real option. If not, we eliminate that school as an option and look at the other schools.
However, he’s not looking at Bentley University and thinking his world will collapse if Bentley admits him but doesn’t provide the necessary award. He would love to attend, say American University or Boston U or Hofstra, but he already knows he will be very happy attending several of the public schools in-state. He is practically assured of being admitted to nearly every public school in-state, and the costs fit our guidelines.
My son is realistic about his/our reality. I am pragmatic about the costs. Neither of us harbors any unrealistic expectations at this point. We’re hopeful, without feeling entitled.
As long as your child’s “Must Have” college list isn’t filled only with schools that exceed your budget, there should not be any undue anxiety for you or your child.