<p>This has been a very helpful thread. I’d like to thank all those who posted responses to the OP’s question.</p>
<p>We were in a similar situation to newengland321 this past month. Scholarship for full tuition, room/board, summer research stipend for 4 years at a small LAC. Probably worth about $240,000 ($60K x 4yrs). Plus, acceptances to several fantastic colleges with a variety of scholarship amounts. Only applied to 2 ivey’s - Yale and U of Penn which offer only need-based FA, which was helpful, but really cover only about 50% of the cost. </p>
<p>Although delighted to have so many excellent options, we have spent most of April agonizing over this decision. We have talked to a lot of people including several Yale alumni and alumni of the other college. Every extended family member, classroom teacher, and friend has weighed in with their opinion on “Yale vs. free”. </p>
<p>After all the research, talking, arguing and back-and-forth, we have realized that the amazing opportunities offered at Yale far outweigh the negatives of the higher cost, at least for our kiddo. Bull Dog days definitely sealed the deal as Yale felt like home. No other college even came close. As a middle class family, it won’t be easy for us financially, but it is doable. I know we can survive this, as we have survived extended unemployment and much worse. The money comes in, the money goes out. It’s like the water cycle. Rain and melting snow feed the rivers, passes thru us (quite literally), back to ocean, evaporates up to the clouds to make more rain & snow. It’s the same with money. It comes in, then it goes out. You don’t get to hold onto it for very long. </p>
<p>In the end, hubby and I will leave this planet with only the birthday suit we came in with. How much better to give our kiddo this amazing investment in their future, right now, when there is the opportunity for it to be life-changing for them. Over the course of a lifetime cars, houses, and many material things will come and go. But your mind, your thoughts, your experiences, what you know, and the essence of who you are, are always with you. The 4 years of undergrad college (age 18-22) is truly a once-in-a-lifetime experience. Grad school is a totally different animal. </p>
<p>I fully expect the next 4 years at Yale will be truly amazing. I can’t wait to watch this remarkable journey unfold, and cheer my kiddo on from the sidelines. Talk about the joy of parenting. This is it!</p>