I’m just going to weigh in on the concept that our parents didn’t have to sacrifice and materially change their standards of living to put our generation/cohort through college which the OP claimed a few pages back.
You were clearly lucky in the parental sweepstakes. Paying for college was the single biggest financial commitment my parents made (many times more expensive than their house for example) even back in the 1970’s when you claim it was so easy to pay for a college education because it was so much cheaper.
Cheaper is relative. If you grew up affluent, and resent the fact that you need to sacrifice more- on a relative basis- than your family did to educate you (and siblings, if any) then I respect your POV- but please don’t generalize it to the rest of us.
As a fraction of my net worth, even being full pay for multiple children, paying for “elite U’s” was significantly less of a hardship for me than it was for my parents (and even more so for my in-laws who had MORE children, on a much more modest salary/standard of living). I look back at the sacrifices my parents and in-laws made and am truly humbled. I benefited from the run up in the stock market, the real estate market, etc. in the 1980’s and 1990’s, so despite having graduated into a recession and terrible job market initially, I had a few decades of astonishing economic growth (relative to what my parents experienced when they had young children).
So I’m happy you got lucky with affluent parents who didn’t feel the bite of college tuition. Mine did- and it was truly a gift that they made the sacrifices that they did.
You should spend exactly what you want to spend on your D’s education, but the notion that you get to decide who can and should get the “bells and whistles” education is kind of obnoxious. We are all intelligent, tax-paying people, who get to choose where to spend their dough.
I picked college. full freight, no merit, no aid.
A satisfied customer. I’m not looking for a hand-out, bail-out, or for anyone to feel sorry for me. And my kids are all out-earning where I was when I was their age (also tax payers who don’t need a hand-out or a bail-out) so even with my math challenged brain- the ROI has worked out quite well. (not that this is why we paid for college.)