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