<p>Well, my son has decided that Wesleyan is where he would like to attend even though he will carry a personal debt of $65,000 for his undergraduate degree (parents 75%/child 25%). His decision leaves a full 4 year (tuition and room/board) scholarship to University of Maryland unused.</p>
<p>We found ourselves in a difficult situation. We are too well off ($200,000/year combined salary) to comfortably tell him that there is NO way for us to pay for college, but not well off enough to write a $200,000 check for each kid.</p>
<p>I have very mixed emotions.</p>
<p>Im happy that he is pleased with his future college experience, yet concerned that we will be significantly financially challenged to find a way to pay the expense of two private school educational experiences and still find a way to finance the future expense of my third child 4 years from now.</p>