<p>Spoke w a mom today whose S transferred from a $54K private school to a lower second tier school. S liked but didn’t love the 1st college (even though this school is super tough to get into the past few years), parents persuaded to kid not to spend all that $$$. </p>
<p>Now S will be a jr. living away at 2nd tier school, having a fine academic expereince, small classes & was able to get a big merit award for transferring in. Annual cost $24K. Indeed parents are pulling back on spending.</p>