Worth a shot since they came to you perhaps express the financial difference and maybe they will throw some aid your way. Have to way whether the 60K would be better used to help her with grad school. Depends on her major - some majors it is easier to get money or TA jobs for grad school.
I would go to W and M if the cost does not cause you to divert retirement, emergency reserves or home equity. If all these are covered, you continue to save the same amount for your future and you are just tightening the belt - it’s w and m for me. Both are good schools so either would be a fine choice. I just like w and m campus location and reputation a bit more. Good luck!
All other things being equal (e.g. money), I would say William & Mary. But I won’t make a recommendation on $60K of your hard-earned money. Loyola is a good school and graduates have very good career outcomes from what I have seen, so it is a very good option. Good luck.
If humanities, arts, social science, W&M.
If business, Loyola.
For other subjects, it’s not as clear-cut.
What did you decide?
Bottom line cost: Loyola (with scholarship applied will be about $40,000. WMC will be 50,000 or 55,000 ( that’s if she takes the subsidized loan.) We went there this past weekend, and of course it was fabulous! Great vibe, sharp students, beautiful campus, fantastic research opportunities, overall great environment with strong ties to opportunities in the DC area. What’s a parent to do? My daughter wants to pack her bags and leave now!
That’s per year?
Yes, that is per year…so the difference between the 2 is about 10-15 K. I just hate leaving money of any kind on any
table any where…but some things are hard to quantify…
What is her possible intended major? That matters. 60K could be 2 years of graduate school and I’m of the mind that being debt-free gives you possible career choices you might otherwise not have, if you have to factor in ability to
pay back loans when deciding on career/jobs. imho
Is that money you have or money you’d borrow?
No… we would not need to borrow…but it’s hard earned money nonetheless
Go to William & Mary. It doesn’t look like it put you in hardship. No contest here. Big difference in quality worth it!
In that case, I can’t think of a better investment than your child’s education. There’s a definite, meaningful difference between both schools at all levels.
William and Mary it is! Go Tribe! My bathroom renovation will just have to wait!
congrats! it’s beautiful there and a great school!
W&M, no contest, even she wants to major in Business. First class in Business comparing to LM. Congratulations.
Congrats! Some schools are worth the extra money (if you have it), W&M is one of them!
Good decision. You won’t regret it.