Robin Schaad sat down to break the disappointing news. Even after receiving an appeal for more money, her daughter’s top-choice college — a well-regarded engineering school — hadn’t offered enough financial aid.
They went over the pros and cons together: what her daughter would study, how much she’d owe upon graduation, and how that might handicap where she could live or what jobs she could take. For a teenager, the weight of future bills — she’d likely be paying hundreds of dollars each month as a fresh grad — can be hard to grasp.
