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<p>There are many threads on this topic. Some people are like your husband, and some are just into the false hope that a degree from Prestige U will make life and young adulthood infinitely better. But have your husband read some of these threads. The most heartbreaking I’ve seen is post 51 of this thread: <a href=“http://talk.collegeconfidential.com/parents-forum/917704-no-win-situation-4.html#post1064742496[/url]”>http://talk.collegeconfidential.com/parents-forum/917704-no-win-situation-4.html#post1064742496</a></p>
<p><a href=“http://talk.collegeconfidential.com/parents-forum/476132-should-you-incur-substantial-debt-dream-school-even-pay-dream-tuition.html[/url]”>http://talk.collegeconfidential.com/parents-forum/476132-should-you-incur-substantial-debt-dream-school-even-pay-dream-tuition.html</a></p>
<p>not a thread but a news article:
[UPDATED:</a> Share Your Story – Majoring In Debt](<a href=“UPDATED: Share Your Story -- Majoring In Debt | HuffPost College”>UPDATED: Share Your Story -- Majoring In Debt | HuffPost College)</p>
<p>ok, the news article came from a thread, but I say it only in fear that an English teacher will materialize and slap me for not citing my sources - the thread wandered off topic IMO.
<a href=“http://talk.collegeconfidential.com/parents-forum/924689-college-debt-student-stories.html[/url]”>http://talk.collegeconfidential.com/parents-forum/924689-college-debt-student-stories.html</a></p>
<p>This is an important issue - go to [FAFSA4caster</a> - Federal Student Aid](<a href=“http://www.fafsa4caster.ed.gov/F4CApp/index/complete001.jsf]FAFSA4caster”>http://www.fafsa4caster.ed.gov/F4CApp/index/complete001.jsf) and find out for real what you will be expected to pay. Also, be aware that the end product of this thing is your Expected Family Contribution - this does NOT (typically) include the few thousand a year the school may offer your child in loans. So if your husband wants to make sure your daughter has her dream, keep in mind that whatever the EFC is PLUS up to $5500 / year in student loans, is what it will cost.</p>
<p>And whatever you can afford, and whatever you decide, PLEASE communicate it with your daughter at least by early Junior year. Don’t let her get all excited for something only to find out it isn’t reasonable or possible to go. But there are hundreds of schools that would be great for her, not just Vanderbilt :D</p>