<p>
</p>
<p>I don’t mean this to sound snotty, but why should someone who can pay full-freight “have” to undertake rational cost-benefit analysis if they don’t want to?</p>
<p>For example, I have a friend whose daughter got a very significant scholarship to USC, and also got into Vanderbilt. The family had experience with both schools, as mother went to USC and older sister was at Vanderbilt. Similarly rated schools, no major differences in the area that the student was interested in that would have tilted the balance one way or the other. They instructed their daughter to make the decision based on what SHE wanted, and not let the scholarship impact her, since they were able to pay the full freight. Why shouldn’t they have done that? Yes, other families might say “Wow, I can’t turn down a very significant scholarship for full freight at a similarly-rated school - go with USC, kid.” But so what? What do other people’s financial circumstances have to do with it? </p>
<p>
</p>
<p>In general – and not as an absolute cut-line - I would say somewhere in the neighborhood of top 40 universities / top 40 LAC’s, I would be indifferent regarding costs. As an example - D’s top two choices were Wellesley and Bryn Mawr. I would have been equally happy with either decision despite the fact that there are probably 20 ranking points between the two, and I would not have said I’d pay for W but not for BM. </p>
<p>S’s top choices were NU, Kenyon, Tufts, Georgetown. I am indifferent between those 4 sets of costs as well and would have said to him “Go to whichever one you like best.” (Actually I would have pushed him towards Gtown, but that’s me, LOL) </p>
<p>As for OOS at a public? I, personally, would have paid OOS for UVA, Berkeley, Michigan, UNC, and maybe a few others if mine had been so inclined towards larger schools. I’d have a harder time paying OOS for an Iowa, Kansas, Ohio State and would have had a really hard time if we were talking something like Nebraska, unless there were some truly extenuating circumstance such as a unique program only available there.</p>
<p>How did I communicate that to my children? I think they just always knew.<br>
Why does my personal line between mediocre and elite matter, though? To you, that is.</p>