Exactly, and a course is 1 semester. 2 semesters=1year. |
+1. Amen. |
Georgetown is the one school that offered us zero aid. I’m a single mom (no dad), make 110k, but the problem is I own a 2 bedroom, 1 bath apartment in Brooklyn. I called bcs it was weird - they suggested I sell the apartment. LOL |
she's doubling down on the BS |
I have worked for several colleges , and most would tell you the same. |
Well most t30 schools exclude primary home and retirement in assets. Georgetown is the outlier |
Lol. Ok. What phrase would you like? I’ve been interviewing for 25+ years. I have absolutely no association with GT, but it’s weird how you want to assume I do just because I said something good about a grad. |
And so incredibly stupid from a financial planning angle. We would never sell our rental home with as an investment and rental profit. No private college is worth that--go in-state undergrad. |
I am not offering agreement to what is par for the course, but parents should not be surprised by it. |
Shouldn't colleges consider primary homes and retirement assets above floors they set? One of the issues with financial aid is that it has been too targeted just on income rather than wealth. Too many people intentionally put more $$ into their homes and retirement to game the system as it stands. They should be giving the need-based money to families who really need it. Someone with equity in a $2.5 million house probably shouldn't be receiving need-based aid. Same with someone who has $2 million in a retirement account. |
But Georgetown has no floor. I don’t live in a nice part of Brooklyn. It would sell today for maybe 450k. They counted 450k of it in my assets. It’s capped at 4x income so if it was a 4mm house, I’d still be dinged only 110k times 4. There’s a ceiling for rich people. But no floor. |
|
Georgetown's old school admissions office has never even tried to game the rankings systems. Once their leadership changes after decades, you'll see improvements.
People will quickly perceive it as more selective too since the acceptance rate and application #s will change significantly once they start accepting the common app. |
| Georgetown is a forverver top 30 occasional top 20, similar to Emory. |
I wonder why they haven’t joined the common app yet. |
| It will decades for them to improce their buildings etc. Has anyone been inside recently? Apalling. |