<p>Unless she’s at the tippy top of the local graduating class or hits the financial need/diversity/community service criteria the scholarship seeks to reward, coming by money can be tough. A friend of ours who was a big fish in a small pond (salutatorian, 2070 in a school where most kids don’t go to college) got lots of local $$. Both my kids had a couple of schools on their list where they were in the range to have a shot at merit money. One of my kids also did well in science competitions and earned some scholarship $$ there. As for local $$ – nothing.</p>
<p>Our kids were told in middle school that if they wanted to attend an expensive school, they’d have to have skin in the game. For our family, that means Staffords (at the subsidized amount, unless they choose to pay the difference for a private room), which goes directly to tuition/R&B. They are also expected to work 8-10 hrs. a week during the academic year and as many hours as they can get in the summer in order to pay for books and spending $$. That can add up to 15-20% of COA in pretty short order. </p>
<p>$100k is roughly the equivalent of four years as an in-state student at the flagship (depending on your state). There are many parents here who have told their kids that’s the budget and anything else is on them. That is perfectly reasonable to me, esp. since you have three kids to worry about. </p>
<p>We are lucky that both guys are fairly frugal and low-maintenance. One of the benefits of asking your kids to work in college is that they quickly learn that that cool $35 shirt will cost them four or five hours of slinging burgers or herding kids at day camp!</p>
<p>Time for parents and D to have a non-confrontational pow-pow about how she plans to earn her share of the nut for next year. Sit down and review sources of income (loan, jobs available locally, jobs she could get on campus) and compare to the COA of each of the schools where she’s been accepted. </p>
<p>I know kids are pretty punchy by this time in senior year – there is a lot of stress between the reality of leaving home and friends, choosing a school, paying for it all, AP/IB exams, having a roommate, senioritis, etc. One of my kids had stress-induced migraines by this stage of senior year. We parents all know things will work themselves out, but the kids can’t quite embrace that reality just yet. I’d let the “I’m going to leave home” roll off my back as the stressed-out venting of a 17 yo and gently redirect to how we can work together to make this happen.</p>
<p>ETA: Now, when <em>I</em> needed to vent, I’d come here! CC is good for that – we ALL get it…</p>