Donating Money to College Before Acceptance

T26E4
Thu, 04 Dec 2008 00:02:08 +0000

Here’s an old saying: “If you have to ask how much, you can’t afford it”

$50-100K is nothing considering that 100K would cover just a little over two years tuition and fees. Students who don’t receive FA have families who can already do that w/o blinking an eye. Look at seven or eight figures first – and kid still needs to be a reasonably viable candidate.

As far as morally right or wrong, it’s already being done. It’s just that the OP’s friend’s dad has a poor sense of scale.