Need advice on college choice, $$, etc.

Britchick1
Sun, 06 Mar 2016 05:45:09 +0000

The original thread did not suggest that they knew of any specific school when they made their commitment. Only that they made the promise previously.

'We have previously told both of our children that we will pay for their college education if they work hard, which they have done. However now that our first one is about to go to school, the reality of 4 years of Princeton costing $260K is hitting us. ’

They may be naive in making such an open ended commitment but I don’t consider it to be misleading.

We must be very blessed because our 17 year old understands completely the financial implications of his college choices. He has chosen a school with a great reputation but more importantly one where he himself determined he could graduate with little or no debt, even without any contributions from his parents. He did consider several Ivies but concluded the potential benefit did not justify the price tag, be it cash or debt.