Does God Want You to Spend $300,000 for College?
Even families with incomes over $100,000 who qualify for financial aid will still probably pay a whole lot
more than they would at their flagship state university — easily $50,000, $100,000 or $150,000 more.
Like many other schools with large endowments, Notre Dame does remind families
that the cost of educating its students is actually higher than the retail tuition price.
Alas, we found no writings that addressed a related question head on: How can one justify spending (or borrowing)
$10,000, $20,000 or $40,000 more per year at Notre Dame than one might at a flagship state university?
Still, Don Bishop, associate vice president for undergraduate enrollment, said he had been noticing in recent years
that those among the 44 percent with six-figure incomes who applied for financial aid seem to be choosing cheaper schools a bit more often.
One question that bedevils most families with children who can afford to save something
is whether they should prioritize retirement savings or college savings.
