Hi. My DS’ friend has $100k from her parents for college. She committed to a small private college with which she fell in love for Fall 2022, but is now realizing she will graduate with an additional $100k of debt. She was given close to a full ride at an in-state public school, which she turned down. She is wondering if she made the wrong financial choice but assumes it’s too late to change course now. Is there anything she can do at this 11th hour to try to get more money from the private school, or to try and get her money back from the private school and switch to the public school? My son asked me and I have no idea. Thanks for any insight you may have.
How much money is at risk here- $500 and a housing deposit?
Her focus should be on finding an affordable option, not on getting back a very trivial deposit!!! She can reach out to the instate public school and see if it’s possible to commit at this point.
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I don’t know how much money is at risk. I’m trying to be helpful without nosing into her business too much.
My son thinks she has already paid tuition for first quarter.
Asking for a friend is not allowed.
Please ask your DS’s friend or parent to open a CC account if they would like advice.