5. Winning the Educational Lottery
Six in ten families rule out some colleges because of sticker price, yet many do not know that the “net price” is typically far lower.
—Report from American Enterprise Institute for Public Policy Research
I crossed paths last year with a high school senior in St. Louis who dreamed of becoming a doctor. John earned excellent grades and was extremely active at his school and in his community, but he didn’t think he had the resources to attend a top school. His parents were divorced, and he was living with his mom, who made about $40,000 as a waitress.
I told John that he needed to apply to different types of colleges, including affordable state schools in Missouri, but I also said he should apply to expensive ...
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