My baby is going away to college. 😭
Yeah, that was always the plan. But this year is the *worst* to apply for college. The colleges that MM has applied to have all had record numbers of applications this year (I read one college had 30% more applications than last year). Also, they are holding spots for 'pandemic gap year'.
We were 99.99% sure he should be able to get into our alma mater. It's an under-rated college that is impossible to beat from a cost/benefit standpoint. It costs nothing, and is where all the Silicon Valley companies recruit from. But this year is so weird, I have been thinking it's good we never looked down our nose at community college.
So yesterday morning when I woke up, MH told me, "Our baby is going away to college!" I didn't know what that meant. He told me he officially was accepted to our alma mater. That he has somewhere to go.
It turns out he had also been accepted at the other State University that he applied for, just didn't realize until late the next day. That is exciting because it has a much lower acceptance rate. This was also the only school he applied for that is not in a high-cost region, so while their fees are a little higher than our alma mater, I expect that to be offset by their lower dorm costs and generally lower cost of housing in that region.
Yeah, when MM told me last night that he had more news, I couldn't even fathom what college he might have heard from. Their official acceptance date was April 1, and everyone is pushing back their acceptance dates. I was most definitely not expecting to hear back from two colleges this week!
This week is just notice of acceptance, with details to follow. But I have enough information to share.
Tuition and fees at our alma mater: $31,000. <--- That is total for 4 years (sticker price)
In addition, there is a state grant that I believe was $2K per year. & MM is a kid who will get some scholarships. I'd be surprised if we paid more than $15K?
This is precisely why we have never set aside any large dollars specifically for college.
Community college was very much on the table for the UC route (the more expensive public colleges in our state). They *beg* their kids to go the community college route and mostly no one listens. This would have kept the cost at about $30K for a UC degree, if MM did first two years at community college (and likely also would be reduced by grants and scholarships). I share because MM did not end up applying to any UCs and so we are not seriously considering community college at this point.
We've got about 6 weeks to see how the private colleges shake out. Maybe 7 weeks for that and financial aid.