From The Chronicle of Higher Education:
The season of submitting applications to colleges and awaiting their decisions has come to an end in my house. But I’m not talking about the job market.
We now face a nerve-racking month of figuring out which college my oldest daughter will attend. I should be more precise: She is deciding where she wants to go, and my wife and I are deciding whether we can afford it. She has been offered excellent scholarships and financial-aid packages by some institutions that are further down the pecking order. But, as is typical, the package was less generous from her dream university. I’m spending a lot of late evenings with my calculator and financial statements, assessing the impact of each choice on our household budget—and weighing the implications for her four younger siblings.