Going through the college search process now with my son. We live in the south and have relatively crappy in-state schools so we do not plan on relying on the financial cushion of in-state tuition. He has grades to get into quality privates such as Emory, Northwestern, Georgetown ect, but we are not sure it is worth the expense. However, in terms of out-of-state options the price difference is not that great. UNC, UVA, and William & Mary are the "high end" publics he has looked at and they are $50K+. Unlike many kids in his school he does not give a damn about SEC football and is not limiting his college search to large state schools.
We are obviously looking for merit scholarships and it may come down to which school offers him the best deal in balancing academic desires vs. quality of the school. He didn't really have a favorite that lead him toward early decision which is good from parent's view as we scope out aid packages. It will come down to a somewhat arbitrary "value determination" when looking at schools, costs, location, majors ect....He is the classic smart kid that is not sure what he wants to do, so that makes a college decision more challenging. All we know is that he does not want to go to a small school and would prefer a city environment.
Folks that still live in CT should really value the quality programs that UConn offers. If my kid wanted to go into nursing I would dangle the in-state financial savings in front of him as huge incentive. I would rather give my kid a financial "bonus" (for savings or a house downpayment) from the tuition savings when they graduate from a school that provided a quality degree at in-state prices than fork over tons of cash to out-of-state publics or pricey privates.
When I met my wife she was $60K in debt from law school and was afraid to tell me as she thought I would run. Heavy school debt was a burden on us for years, and I wouldn't wish that upon anybody. Especially undergrad debt that doesn't provide career specialization ($50K in debt with a BA in sociology is not a pretty place to be). Sometimes these long-term discussions about debt and value are difficult for 17-18 year old kids to grasp because they don't think it is cool to stay at the State school. As parents we don't want to feel as if we are forcing the kid into a less desired school, but the ones writing the checks have to be part of the decision.