If your kid got into an Ivy as an athletic recruit would you suck up the cost and send them?

[Anonymous]

Anonymous wrote:OP here, at the moment she’s interested in finance.

Then, yes, it’s worth it.

[Anonymous]

It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

[Anonymous]

I may be misrepresenting the value of an Ivy League education, but I would try to pay for it if it was my child's preferred choice... if I could still retire comfortably, avoid loans for my child, and have the ability to support them through grad school and maybe a downpayment on a house or similar.

But maybe it's all smoke and mirrors and the Ivy League is not worth it. I don't think anyone of us know, OP. You have to look at your financial picture and go from there.

[Anonymous]

Anonymous wrote:It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

Ivy = 360k
Instate = funded by 529 (done)

[Anonymous]

If sport is very important to her, the I think the Ivy is worthwhile for that. Connections and prestige factor as a NCAA varsity athlete are also big boosts in hiring.

[Anonymous]

My kid just turned down an Ivy for a school ranked at bottom of top 25. Will let you know how it all turns out!

[Anonymous]

Any Ivy is worth it. Opens doors forever.

[Anonymous]

Ivy and top D3 schools have gotten super competitive in some sports I’m shocked that some still lag behind

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

Ivy = 360k
Instate = funded by 529 (done)

Harvard tuition room and board is $78K per year. UVA is $63K. If you can’t cash flow $15K at the kind of income it takes to not get aid, especially since you have been paying for expensive sports that will end, you aren’t budgeting well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

Ivy = 360k
Instate = funded by 529 (done)

Presumably the money saved in the 529 can also be used for the Ivy, so I would think remaining cost probably $200 k. Still a lot, but more manageable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

Ivy = 360k
Instate = funded by 529 (done)

Harvard tuition room and board is $78K per year. UVA is $63K. If you can’t cash flow $15K at the kind of income it takes to not get aid, especially since you have been paying for expensive sports that will end, you aren’t budgeting well.

If in VA, UVA is 20k so your talking 58k difference per year and ~240k total.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s hard for me to rate, because like so many people an ivy would be cheaper than instate due to financial aid. I can’t really imagine how someone could have the amount of money you need to not qualify for aid and not be able to afford the difference between ivy and public without debt.

Ivy = 360k
Instate = funded by 529 (done)

Harvard tuition room and board is $78K per year. UVA is $63K. If you can’t cash flow $15K at the kind of income it takes to not get aid, especially since you have been paying for expensive sports that will end, you aren’t budgeting well.

If in VA, UVA is 20k so your talking 58k difference per year and ~240k total.

UVA jnstate total is 38K not 20K.

[Anonymous]

My DC is being recruited for their sport by an instate D1 and several Ivies. They are more interested in D1 than the Ivy League which is not as competitive in their sport. If an Ivy were their top choice, I would definitely find the way to pay the difference which would be about $160k over 4 years.

[Anonymous]

No

[Anonymous]

Yes, just for the future marriage pool even if they weren’t interested in finance or consulting

Your dh is an idiot