jIMOh
Thinks s/he gets paid by the post
We saved for DD to attend State U (a Big 10 university) and be pretty much free from student loan debt.
However, DD got accepted to Cambridge University in the UK, which means $50,000 additional, which we would pay using Parent ("PLUS") loans. We can't afford to write a check for the additional $50,000, but we can afford the payments on a PLUS loan.
I think the default answer here as between, say, U of Illinois and Northwestern would be "go to U of I" - but I'm wondering if the twist of the exceptional opportunity to study in the UK changes that equation for any posters here.
Appreciate your thoughts.
Require her to make the loan payments when she is not in school (summers for example). There is too much regret to not do cambridge. Do that, figure out life lessons on money another way.