schools w/ no merit aid

Anonymous
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Anonymous wrote:
Some lawyers are elitist snobs that absolutely do look at undergrad - heck, they'd look at high schools if they could.


I am 20+ years out of law school. A few years ago, I was sitting in a conference room with many similarly experienced/old lawyers. Each person introduced himself and included what law school he went to (and undergrad if it was prestigious) AND WHAT JOURNAL HE WAS ON IN LAW SCHOOL. This is a bunch of 40- and 50-year old attorneys still talking about having been on Harvard or Yale Law Review. In our rounds of attorney hiring over the past few years, the selected finalists all have been from elite schools (both undergrad and law school). Attorneys from ordinary schools who used to form the backbone of government practice now would not even be considered.

This is why kids apply to the same top 25 colleges. This is why kids are stressed out and anxious and feel like they have failed before they even turn 20. Go back and read the post by the miserable Columbia student who wanted to transfer, and all of the posters who told her to gut it out even though she felt suicidal and would incur debt, because "prestige." This is why there is so much student loan debt! This is why people have written books about "opportunity hoarding" and how assortative mating perpetuates economic inequality. It's not the same as buying BMW vs. Toyota, or whatever the comparison was, because because people truly believe that the name and rank of your college confers intellectual and moral superiority. This follows you your entire career, so much so that rich people are willing to commit crimes to get their kids that advantage. It is a crappy, morally objectionable reality that I wish did not exist, but it does.

And then people come on here and yell at OP because she is lamenting that her kid won't have those advantages. Privileged? Yes, incredibly so. But many of us feel the same way.



+1

So many people who claim it doesn't matter and who also jockey to get their kids into T20 schools "because the name matters."

So which is it?


Well I say where you go does not matter and was not obsessed with getting my kid into t20 schools. They applied ED, got deferred, then ultimately got rejected. They had a great list of other schools, including safeties, and picked from those acceptances. They were upset for 1-2 days about the deferral/rejection and then we told them they had to move on and get excited about their other schools, of which there were several they really liked.
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Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


They are either poor enough to get a lot of aid, rich enough to not need it, or had parents putting away a lot of money from conception.


Well it is no shock that top schools would cost ~$80K/year when my kid would enter college. So we did plan for that and sock away as much as we could from an early age, as we knew we wouldn't qualify for any FA. Had we not been able to do that, our kid would have had to search out more affordable schools.


Congratulations on making enough money to save 320k per kid?


No, it's congratulation on planning. Anyone smart enough to save $160K should be smart enough to know that college will be up to $80K/year in 2022. SO if attending those "Top schools" is important you plan accordingly.
Had we not been able to save enough, I would have set the mindset with my kids that while you can apply to T40 schools, we might not be able to afford them. So, you need to have a balanced list of college choices. To me, the most important part is finding great schools that are affordable to YOU. And there are many, many, many choices available for everyone. The OP has ~$40K/year saved for DD. There are literally hundreds of amazing options that will allow DD to graduate debt free. If only the OP would change their mindset and focus on what's available instead of complaining.

Similarly, I don't buy a house/car/vacation that I can't afford. I live within my means, or deal with the consequences. I don't expect others to compensate me for my lack of planning. OP could likely now cash flow another $10K+/year if they wanted to, based on their statements. So if the Top college is that important, they can do that and take parent loans and pay them off now that they have a higher income. (not saying I'd recommend that, as I actually think that's a bad idea----no school is worth going into debt for). But there are options. Smartest option (IMO) is to find a great school list that is affordable....and many many exist, just not T20 schools.


This is such an uber-American, "personal responsibility" thought pattern. So when college costs $200K/year in the future, anyone who didn't "plan" should just be shut out? How about when it gets to a million dollars a year? Are we all good with it only being for the children of Elon Musk and the like and if we can't do it, well then the fault is somehow our own?

It has not always been like this. Private schools have always been more expensive than public, but not to the degree they are now.



Instead of pointing fingers at people for "lack of planning" by saving $300K+ / child, why aren't we demanding to know why the costs are so outrageously impossible for even wealthy people to handle?



You are NOT SHUT OUT. You are simply shut out of the “luxury” product version of college. You feel entitled to a Louis Vuitton degree for your kid on your Coach budget. I’m sorry that you’ve bought into the idea that admissions are the ultimate arbiter of your kids’ merit but there are plenty of affordable options including community college.


That is your reaction to these graphics?


I'm not the PP, but basically yes. College costs are crazy and, being a former FAFSA kid, I'm kinda shocked that OP, who also claims to have been on FA in college, didn't realize that the costs were outpacing inflation and wasn't setting expectations accordingly with their DCs. The number of parents who get to their kids' junior or senior years and have absolutely no idea on how financing college works is stunning.

OP, you have enough money set aside that your DC can land a merit scholarship, attend a great school, and graduate debt free. That would be so great for your kid and an opportunity neither you nor your husband were able to have. Rather than focusing on what probably cannot happen, lean in to the fabulous opportunities your DC can have that many kids are not able to experience.

GL to your DC!


You just breezed past this part.


You think it's A-OK that college costs are crazy and continue to be crazy for the indefinite future? You're good with that?


I agree college costs are crazy. But in most states there are several options that cost ~$25K or less per year. Or there are plenty of good schools with merit awards that will be similarly priced. In fact, there are far more options that are "affordable" than the elite/$80K schools. So instead of lamenting you can't afford ~50 schools, find the 200+ that you can afford and find the best fit. In reality, your kid will get an education and do well in this world.


25k a year? Even in Virginia, you have to drop pretty far down the list of state schools to get to 25k a year


https://www.schev.edu/financial-aid/in-state-tuition-and-fees

Make the cutoff 30K and in 2020/21 everything except W&M was under $30k.

It's the mentality that you have to "drop pretty far down the list" that gets people into trouble. Every state school is less than $30K except W&M. A kid can earn $8-10K/year by working summers/breaks/part time during School year for 10-12 hours/week. That leaves ~$20K---take $5.5K in federal loans. Now you are at $15K. That's $60K for the 4 years. That's less than 50% of what the OP has in their 529. I'd argue most people making $150-200K have probably saved close to $60K in their kids 529, and if not could find a way to pay $5-10K per year cash flowing it.

If that education is beneath you, then it's your choice to go into major debt. But the fact is it can be done affordably, just not the elite schools. And once again, it comes down to choices in life. But the smart people will find a way to do college with minimal debt. And there are obviously many choices, just not the ones you seem to want.



That's not cost of attendance. They are off by about 10k a year for at least UVA



No, it's close. The current tuition at UVA is $15,850. Then you add fees of $3,120, $2,000 of which you can save if you keep your kid on your medical insurance policy, which we did. Then add $12,350 for room and board for a total of $29K for in-state.


Thank you! If the PP had read, they would have seen these numbers were for 2020 (that's the data points I could easily find). The fact remains for $25-30K, everything except W&M is within reach for all VA state schools. But some people would rather complain than actually plan and find a school that's affordable to them
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Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


They are either poor enough to get a lot of aid, rich enough to not need it, or had parents putting away a lot of money from conception.


Well it is no shock that top schools would cost ~$80K/year when my kid would enter college. So we did plan for that and sock away as much as we could from an early age, as we knew we wouldn't qualify for any FA. Had we not been able to do that, our kid would have had to search out more affordable schools.


Congratulations on making enough money to save 320k per kid?


No, it's congratulation on planning. Anyone smart enough to save $160K should be smart enough to know that college will be up to $80K/year in 2022. SO if attending those "Top schools" is important you plan accordingly.
Had we not been able to save enough, I would have set the mindset with my kids that while you can apply to T40 schools, we might not be able to afford them. So, you need to have a balanced list of college choices. To me, the most important part is finding great schools that are affordable to YOU. And there are many, many, many choices available for everyone. The OP has ~$40K/year saved for DD. There are literally hundreds of amazing options that will allow DD to graduate debt free. If only the OP would change their mindset and focus on what's available instead of complaining.

Similarly, I don't buy a house/car/vacation that I can't afford. I live within my means, or deal with the consequences. I don't expect others to compensate me for my lack of planning. OP could likely now cash flow another $10K+/year if they wanted to, based on their statements. So if the Top college is that important, they can do that and take parent loans and pay them off now that they have a higher income. (not saying I'd recommend that, as I actually think that's a bad idea----no school is worth going into debt for). But there are options. Smartest option (IMO) is to find a great school list that is affordable....and many many exist, just not T20 schools.


This is such an uber-American, "personal responsibility" thought pattern. So when college costs $200K/year in the future, anyone who didn't "plan" should just be shut out? How about when it gets to a million dollars a year? Are we all good with it only being for the children of Elon Musk and the like and if we can't do it, well then the fault is somehow our own?

It has not always been like this. Private schools have always been more expensive than public, but not to the degree they are now.



Instead of pointing fingers at people for "lack of planning" by saving $300K+ / child, why aren't we demanding to know why the costs are so outrageously impossible for even wealthy people to handle?



You are NOT SHUT OUT. You are simply shut out of the “luxury” product version of college. You feel entitled to a Louis Vuitton degree for your kid on your Coach budget. I’m sorry that you’ve bought into the idea that admissions are the ultimate arbiter of your kids’ merit but there are plenty of affordable options including community college.


That is your reaction to these graphics?


I'm not the PP, but basically yes. College costs are crazy and, being a former FAFSA kid, I'm kinda shocked that OP, who also claims to have been on FA in college, didn't realize that the costs were outpacing inflation and wasn't setting expectations accordingly with their DCs. The number of parents who get to their kids' junior or senior years and have absolutely no idea on how financing college works is stunning.

OP, you have enough money set aside that your DC can land a merit scholarship, attend a great school, and graduate debt free. That would be so great for your kid and an opportunity neither you nor your husband were able to have. Rather than focusing on what probably cannot happen, lean in to the fabulous opportunities your DC can have that many kids are not able to experience.

GL to your DC!


You just breezed past this part.


You think it's A-OK that college costs are crazy and continue to be crazy for the indefinite future? You're good with that?


I agree college costs are crazy. But in most states there are several options that cost ~$25K or less per year. Or there are plenty of good schools with merit awards that will be similarly priced. In fact, there are far more options that are "affordable" than the elite/$80K schools. So instead of lamenting you can't afford ~50 schools, find the 200+ that you can afford and find the best fit. In reality, your kid will get an education and do well in this world.


25k a year? Even in Virginia, you have to drop pretty far down the list of state schools to get to 25k a year


https://www.schev.edu/financial-aid/in-state-tuition-and-fees

Make the cutoff 30K and in 2020/21 everything except W&M was under $30k.

It's the mentality that you have to "drop pretty far down the list" that gets people into trouble. Every state school is less than $30K except W&M. A kid can earn $8-10K/year by working summers/breaks/part time during School year for 10-12 hours/week. That leaves ~$20K---take $5.5K in federal loans. Now you are at $15K. That's $60K for the 4 years. That's less than 50% of what the OP has in their 529. I'd argue most people making $150-200K have probably saved close to $60K in their kids 529, and if not could find a way to pay $5-10K per year cash flowing it.

If that education is beneath you, then it's your choice to go into major debt. But the fact is it can be done affordably, just not the elite schools. And once again, it comes down to choices in life. But the smart people will find a way to do college with minimal debt. And there are obviously many choices, just not the ones you seem to want.



That's not cost of attendance. They are off by about 10k a year for at least UVA



No, it's close. The current tuition at UVA is $15,850. Then you add fees of $3,120, $2,000 of which you can save if you keep your kid on your medical insurance policy, which we did. Then add $12,350 for room and board for a total of $29K for in-state.


Thank you! If the PP had read, they would have seen these numbers were for 2020 (that's the data points I could easily find). The fact remains for $25-30K, everything except W&M is within reach for all VA state schools. But some people would rather complain than actually plan and find a school that's affordable to them


UVA estimates 36k for a fist year arts and sciences student for this year

https://sfs.virginia.edu/financial-aid-new-applicants/financial-aid-basics/estimated-undergraduate-cost-attendance
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Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


They are either poor enough to get a lot of aid, rich enough to not need it, or had parents putting away a lot of money from conception.


Well it is no shock that top schools would cost ~$80K/year when my kid would enter college. So we did plan for that and sock away as much as we could from an early age, as we knew we wouldn't qualify for any FA. Had we not been able to do that, our kid would have had to search out more affordable schools.


Congratulations on making enough money to save 320k per kid?


No, it's congratulation on planning. Anyone smart enough to save $160K should be smart enough to know that college will be up to $80K/year in 2022. SO if attending those "Top schools" is important you plan accordingly.
Had we not been able to save enough, I would have set the mindset with my kids that while you can apply to T40 schools, we might not be able to afford them. So, you need to have a balanced list of college choices. To me, the most important part is finding great schools that are affordable to YOU. And there are many, many, many choices available for everyone. The OP has ~$40K/year saved for DD. There are literally hundreds of amazing options that will allow DD to graduate debt free. If only the OP would change their mindset and focus on what's available instead of complaining.

Similarly, I don't buy a house/car/vacation that I can't afford. I live within my means, or deal with the consequences. I don't expect others to compensate me for my lack of planning. OP could likely now cash flow another $10K+/year if they wanted to, based on their statements. So if the Top college is that important, they can do that and take parent loans and pay them off now that they have a higher income. (not saying I'd recommend that, as I actually think that's a bad idea----no school is worth going into debt for). But there are options. Smartest option (IMO) is to find a great school list that is affordable....and many many exist, just not T20 schools.


This is such an uber-American, "personal responsibility" thought pattern. So when college costs $200K/year in the future, anyone who didn't "plan" should just be shut out? How about when it gets to a million dollars a year? Are we all good with it only being for the children of Elon Musk and the like and if we can't do it, well then the fault is somehow our own?

It has not always been like this. Private schools have always been more expensive than public, but not to the degree they are now.



Instead of pointing fingers at people for "lack of planning" by saving $300K+ / child, why aren't we demanding to know why the costs are so outrageously impossible for even wealthy people to handle?



You are NOT SHUT OUT. You are simply shut out of the “luxury” product version of college. You feel entitled to a Louis Vuitton degree for your kid on your Coach budget. I’m sorry that you’ve bought into the idea that admissions are the ultimate arbiter of your kids’ merit but there are plenty of affordable options including community college.


That is your reaction to these graphics?


I'm not the PP, but basically yes. College costs are crazy and, being a former FAFSA kid, I'm kinda shocked that OP, who also claims to have been on FA in college, didn't realize that the costs were outpacing inflation and wasn't setting expectations accordingly with their DCs. The number of parents who get to their kids' junior or senior years and have absolutely no idea on how financing college works is stunning.

OP, you have enough money set aside that your DC can land a merit scholarship, attend a great school, and graduate debt free. That would be so great for your kid and an opportunity neither you nor your husband were able to have. Rather than focusing on what probably cannot happen, lean in to the fabulous opportunities your DC can have that many kids are not able to experience.

GL to your DC!


You just breezed past this part.


You think it's A-OK that college costs are crazy and continue to be crazy for the indefinite future? You're good with that?


I agree college costs are crazy. But in most states there are several options that cost ~$25K or less per year. Or there are plenty of good schools with merit awards that will be similarly priced. In fact, there are far more options that are "affordable" than the elite/$80K schools. So instead of lamenting you can't afford ~50 schools, find the 200+ that you can afford and find the best fit. In reality, your kid will get an education and do well in this world.


25k a year? Even in Virginia, you have to drop pretty far down the list of state schools to get to 25k a year


https://www.schev.edu/financial-aid/in-state-tuition-and-fees

Make the cutoff 30K and in 2020/21 everything except W&M was under $30k.

It's the mentality that you have to "drop pretty far down the list" that gets people into trouble. Every state school is less than $30K except W&M. A kid can earn $8-10K/year by working summers/breaks/part time during School year for 10-12 hours/week. That leaves ~$20K---take $5.5K in federal loans. Now you are at $15K. That's $60K for the 4 years. That's less than 50% of what the OP has in their 529. I'd argue most people making $150-200K have probably saved close to $60K in their kids 529, and if not could find a way to pay $5-10K per year cash flowing it.

If that education is beneath you, then it's your choice to go into major debt. But the fact is it can be done affordably, just not the elite schools. And once again, it comes down to choices in life. But the smart people will find a way to do college with minimal debt. And there are obviously many choices, just not the ones you seem to want.



That's not cost of attendance. They are off by about 10k a year for at least UVA



No, it's close. The current tuition at UVA is $15,850. Then you add fees of $3,120, $2,000 of which you can save if you keep your kid on your medical insurance policy, which we did. Then add $12,350 for room and board for a total of $29K for in-state.


Thank you! If the PP had read, they would have seen these numbers were for 2020 (that's the data points I could easily find). The fact remains for $25-30K, everything except W&M is within reach for all VA state schools. But some people would rather complain than actually plan and find a school that's affordable to them


UVA estimates 36k for a fist year arts and sciences student for this year

https://sfs.virginia.edu/financial-aid-new-applicants/financial-aid-basics/estimated-undergraduate-cost-attendance



But you can save thousands by not taking the university's health care policy. Also, you can move off second year, which DD did, into group housing and save big on room and board. She did all her own cooking. No car, so no car issues.
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Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).
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Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


They are either poor enough to get a lot of aid, rich enough to not need it, or had parents putting away a lot of money from conception.


Well it is no shock that top schools would cost ~$80K/year when my kid would enter college. So we did plan for that and sock away as much as we could from an early age, as we knew we wouldn't qualify for any FA. Had we not been able to do that, our kid would have had to search out more affordable schools.


Congratulations on making enough money to save 320k per kid?


No, it's congratulation on planning. Anyone smart enough to save $160K should be smart enough to know that college will be up to $80K/year in 2022. SO if attending those "Top schools" is important you plan accordingly.
Had we not been able to save enough, I would have set the mindset with my kids that while you can apply to T40 schools, we might not be able to afford them. So, you need to have a balanced list of college choices. To me, the most important part is finding great schools that are affordable to YOU. And there are many, many, many choices available for everyone. The OP has ~$40K/year saved for DD. There are literally hundreds of amazing options that will allow DD to graduate debt free. If only the OP would change their mindset and focus on what's available instead of complaining.

Similarly, I don't buy a house/car/vacation that I can't afford. I live within my means, or deal with the consequences. I don't expect others to compensate me for my lack of planning. OP could likely now cash flow another $10K+/year if they wanted to, based on their statements. So if the Top college is that important, they can do that and take parent loans and pay them off now that they have a higher income. (not saying I'd recommend that, as I actually think that's a bad idea----no school is worth going into debt for). But there are options. Smartest option (IMO) is to find a great school list that is affordable....and many many exist, just not T20 schools.


This is such an uber-American, "personal responsibility" thought pattern. So when college costs $200K/year in the future, anyone who didn't "plan" should just be shut out? How about when it gets to a million dollars a year? Are we all good with it only being for the children of Elon Musk and the like and if we can't do it, well then the fault is somehow our own?

It has not always been like this. Private schools have always been more expensive than public, but not to the degree they are now.



Instead of pointing fingers at people for "lack of planning" by saving $300K+ / child, why aren't we demanding to know why the costs are so outrageously impossible for even wealthy people to handle?



You are NOT SHUT OUT. You are simply shut out of the “luxury” product version of college. You feel entitled to a Louis Vuitton degree for your kid on your Coach budget. I’m sorry that you’ve bought into the idea that admissions are the ultimate arbiter of your kids’ merit but there are plenty of affordable options including community college.


That is your reaction to these graphics?


I'm not the PP, but basically yes. College costs are crazy and, being a former FAFSA kid, I'm kinda shocked that OP, who also claims to have been on FA in college, didn't realize that the costs were outpacing inflation and wasn't setting expectations accordingly with their DCs. The number of parents who get to their kids' junior or senior years and have absolutely no idea on how financing college works is stunning.

OP, you have enough money set aside that your DC can land a merit scholarship, attend a great school, and graduate debt free. That would be so great for your kid and an opportunity neither you nor your husband were able to have. Rather than focusing on what probably cannot happen, lean in to the fabulous opportunities your DC can have that many kids are not able to experience.

GL to your DC!


You just breezed past this part.


You think it's A-OK that college costs are crazy and continue to be crazy for the indefinite future? You're good with that?


I agree college costs are crazy. But in most states there are several options that cost ~$25K or less per year. Or there are plenty of good schools with merit awards that will be similarly priced. In fact, there are far more options that are "affordable" than the elite/$80K schools. So instead of lamenting you can't afford ~50 schools, find the 200+ that you can afford and find the best fit. In reality, your kid will get an education and do well in this world.


25k a year? Even in Virginia, you have to drop pretty far down the list of state schools to get to 25k a year


https://www.schev.edu/financial-aid/in-state-tuition-and-fees

Make the cutoff 30K and in 2020/21 everything except W&M was under $30k.

It's the mentality that you have to "drop pretty far down the list" that gets people into trouble. Every state school is less than $30K except W&M. A kid can earn $8-10K/year by working summers/breaks/part time during School year for 10-12 hours/week. That leaves ~$20K---take $5.5K in federal loans. Now you are at $15K. That's $60K for the 4 years. That's less than 50% of what the OP has in their 529. I'd argue most people making $150-200K have probably saved close to $60K in their kids 529, and if not could find a way to pay $5-10K per year cash flowing it.

If that education is beneath you, then it's your choice to go into major debt. But the fact is it can be done affordably, just not the elite schools. And once again, it comes down to choices in life. But the smart people will find a way to do college with minimal debt. And there are obviously many choices, just not the ones you seem to want.



That's not cost of attendance. They are off by about 10k a year for at least UVA



No, it's close. The current tuition at UVA is $15,850. Then you add fees of $3,120, $2,000 of which you can save if you keep your kid on your medical insurance policy, which we did. Then add $12,350 for room and board for a total of $29K for in-state.


Thank you! If the PP had read, they would have seen these numbers were for 2020 (that's the data points I could easily find). The fact remains for $25-30K, everything except W&M is within reach for all VA state schools. But some people would rather complain than actually plan and find a school that's affordable to them


UVA estimates 36k for a fist year arts and sciences student for this year

https://sfs.virginia.edu/financial-aid-new-applicants/financial-aid-basics/estimated-undergraduate-cost-attendance



But you can save thousands by not taking the university's health care policy. Also, you can move off second year, which DD did, into group housing and save big on room and board. She did all her own cooking. No car, so no car issues.


Good point! How much were the costs of living off-campus if you care to share?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).


One can also argue that the type of students who want to attend T20 schools (ivies) are more likely to do well on LSAT/want to be lawyers. Students at the T20 schools are all top students, with good SAT/ACT/GPA/ECs, etc.
Whereas while other schools are great schools they have a more academically diverse student body. So yeah, a Cal State school is not sending 10 students to Harvard law, because A) they don't have as many students who want to be lawyers, and most kids at a cal state school are not wealthy.

They are also largely a group of students who can afford to attend law school (hello $300K+....most MC families cannot support that, same as for med school. And the years for ROI are long, so many may enter the workforce rather than dumping $300K + they do not have into law school).

So essentially, the T20/Ivies are a grouping of all really smart people, many of whom are wealthy and can afford to consider Law school. So I'd expect them to send a higher percentage of students to top law schools than a school that is more academically diverse (and economically diverse)

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





Hard to say that when poster only provided undergrad schools for half of class.

OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).



One thing I learned as a lawyer is never to make conclusions without seeing and understanding the data. Pp, according to them, supplied schools of origin for half the school, where is the rest? Also, pp describes the list as reflecting one first year class which is clearly not the case, as a first year class at Yale is about 200 students, not 600. So not sure what data exactly they are reporting.

At my T5 law school, the most students we had for any one college was 7, from Harvard. No other school had more than 4. Most had one. Hardly some huge advantage to go to any particular school

Also Wellesley, the school that op is lamenting, is not even on this list. So not worth the $80k as some have suggested?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).



One thing I learned as a lawyer is never to make conclusions without seeing and understanding the data. Pp, according to them, supplied schools of origin for half the school, where is the rest? Also, pp describes the list as reflecting one first year class which is clearly not the case, as a first year class at Yale is about 200 students, not 600. So not sure what data exactly they are reporting.

At my T5 law school, the most students we had for any one college was 7, from Harvard. No other school had more than 4. Most had one. Hardly some huge advantage to go to any particular school

Also Wellesley, the school that op is lamenting, is not even on this list. So not worth the $80k as some have suggested?


Great post!

I'm not a lawyer so I can speculate

I'm gonna guess, more kids from T20 schools go to Top 5-10 Law schools simply because they have the $$$ (Gotta be rich to afford $300K+ for law school, or willing to take huge financial risks/loans and hope you can pay it back--someone who grew up MC is not as likely to attempt this) and because T20 schools are already the "cream of the crop" as everyone attending is top academically and driven students (Similar to how kids from the Top 3 privates in DC area are more likely to attend a T20 university/T20 SLAC than someone from Baltimore City public schools) . Those who get into T5-10 Law schools from non Ivy/Non T20 undergrads most likely had the same drive, academics in HS, but chose for many reasons to attend a different undergrad (didn't get into a T20 like majority dont, couldn't afford it---which is smart if you want to attend law school save your $$ for that, etc), or they just hit their stride in undergrad and became a better student/focused on law school.

Anonymous
Welcome to the reality 9f higher education in America.

I guess this was not on your radar screen before.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:First, if OP's DD has all the desirable qualities OP describes plus $160K in her 529, she is going to have some excellent choices for college, including many reputable SLACs that give merit aid to strong students, just not top 5. She is not going to be spending 2 years at CC and transferring to state U flagship (which would be fine by the way).

My experience as a lawyer is that law school matters, not undergrad. If you have a student that is looking at law school, I would go a step further and suggest it is worth considering saving the money on undergrad (meaning go to a school that offers merit aid or a solid in state public) even if you have the cost of private undergrad saved and use the money for law school, which is more expensive that private undergrad these days and law school rank absolutely matters for job opportunities.

However, assuming that there would be a cognizable advantage provided to OP's daughter by attending Wellesley, then OP may want to consider whether the benefit is worth the loss of "wiggle room" in their family budget. It is indeed a privilege to have that choice.





OP never talked about their kid going to law school, so not sure how that was inserted into the discussion. The below list represents where Yale law school students went to undergrad (this was from 2020). The list below represents 397 kids out of total enrollment of 676 (so 59% of the class). The top 10 schools sending kids to Yale law school represent 46% of the entire school. Just so happens those are all Ivy League + Stanford + UChicago. Sure, you will now argue that it is not the undergraduate school that mattered, just that those kids were very motivated but just happened to pick those schools.

Yale (90)
Harvard (54)
Columbia (34)
Princeton (31)
Stanford (22)
Dartmouth (21)
Cornell (19)
UChicago (18)
Brown (17)
Pennsylvania (16)
Georgetown (13)
Berkeley (13)
Duke (10)
Northwestern (8)
USC (8)
Michigan (8)
JHU (7)
UVA (7)
Amherst (6)
Swarthmore (6)
Bowdoin (5)
NYU (5)
Tufts (5)
UCLA (5)
UConn (5)
UNC-Chapel Hill (5)


Sure, but Yale lawyers end up notoriously miserable and unhappy for the rest of their careers, so it’s not really that much of a win in the end.


Look, this conversation somehow got hijacked by law school. OP never said their kid was interested in law school, but then somehow it was introduced and started to dominate.

Personally, I think law school in general is a terrible decision...but would agree you need to really go top 10 or it is an horrific decision.

A bunch of posters then said it doesn't matter where you go undergrad, but absolutely does matter where you went to law school. Yale is historically the #1 law school, and it is clear that it DOES matter where you went to undergrad if you want to increase your chances of acceptance to Yale (and I bet Harvard and Stanford and law schools 2-10 look fairly similar).



One thing I learned as a lawyer is never to make conclusions without seeing and understanding the data. Pp, according to them, supplied schools of origin for half the school, where is the rest? Also, pp describes the list as reflecting one first year class which is clearly not the case, as a first year class at Yale is about 200 students, not 600. So not sure what data exactly they are reporting.

At my T5 law school, the most students we had for any one college was 7, from Harvard. No other school had more than 4. Most had one. Hardly some huge advantage to go to any particular school

Also Wellesley, the school that op is lamenting, is not even on this list. So not worth the $80k as some have suggested?


Great post!

I'm not a lawyer so I can speculate

I'm gonna guess, more kids from T20 schools go to Top 5-10 Law schools simply because they have the $$$ (Gotta be rich to afford $300K+ for law school, or willing to take huge financial risks/loans and hope you can pay it back--someone who grew up MC is not as likely to attempt this) and because T20 schools are already the "cream of the crop" as everyone attending is top academically and driven students (Similar to how kids from the Top 3 privates in DC area are more likely to attend a T20 university/T20 SLAC than someone from Baltimore City public schools) . Those who get into T5-10 Law schools from non Ivy/Non T20 undergrads most likely had the same drive, academics in HS, but chose for many reasons to attend a different undergrad (didn't get into a T20 like majority dont, couldn't afford it---which is smart if you want to attend law school save your $$ for that, etc), or they just hit their stride in undergrad and became a better student/focused on law school.



My husband attended university of Chicago Law and was accepted at Harvard, Standford and Georgetow n and went to UTEP undergrad. He had a single mom and that was the most she could afford. I would not spemd over $300k for a 4 year degree to raise my kid’ s chances to go to a top law school. That is silly.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


That mindset will disappoint you and your daughter. There is no perfect school or dream school and your daughter is not "limited" because one school she likes doesn't offer merit.


Her daughter is literally limited to schools that do offer merit


That is one ridiculous way to see it.


but that's true for many...


No, only for people with a limited view of what college actually is.
Anonymous
Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


This whole thread is weird, and I gave up in the middle after people just kept yelling at this person for being rightly upset that college costs have gotten so insane. I went to NYU in 1993, which I think was literally the most expensive college in the country. It was about 25,000 a year. My dad was a doctor. Not a specialist. We were upper middle class, and my parents had saved money. I later transferred and that savings had enough money to support me through a graduate degree.

I did the math, and the cost of NYU has gone wayyyyy up proportionally from what it used to be--- and that's all colleges. Yes. If you were paying attention you knew it. We have a 529 plan and my parents did the in state tuition plan for our kid (which now I sort of regret), but it's still a big difference when you're theoretically considering this stuff to being like--wow---we could end up spending 360,000 for one kid's undergraduate education? We are probably top 2% of household wealth, and WE don't want to pay that. Not unless our kid is getting into an Ivy, which she isn't.

That is why merit aid exists. It's not a "subsidy." It's because colleges realize that even wealthy families understand that the price is NOT worth it--not when you consider that your kid might go on to some kind of graduate program.

Thank you for the merit aid website. I was actually looking for a list JUST like that after reading his book.

OP, I get it. I think most of my friends get it. They either stick to the top publics if their kids can get in, go for lower ranking schools with merit, and few bite the bullet and pay full price.

Anonymous
Anonymous wrote:
Anonymous wrote:Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.


This whole thread is weird, and I gave up in the middle after people just kept yelling at this person for being rightly upset that college costs have gotten so insane. I went to NYU in 1993, which I think was literally the most expensive college in the country. It was about 25,000 a year. My dad was a doctor. Not a specialist. We were upper middle class, and my parents had saved money. I later transferred and that savings had enough money to support me through a graduate degree.

I did the math, and the cost of NYU has gone wayyyyy up proportionally from what it used to be--- and that's all colleges. Yes. If you were paying attention you knew it. We have a 529 plan and my parents did the in state tuition plan for our kid (which now I sort of regret), but it's still a big difference when you're theoretically considering this stuff to being like--wow---we could end up spending 360,000 for one kid's undergraduate education? We are probably top 2% of household wealth, and WE don't want to pay that. Not unless our kid is getting into an Ivy, which she isn't.

That is why merit aid exists. It's not a "subsidy." It's because colleges realize that even wealthy families understand that the price is NOT worth it--not when you consider that your kid might go on to some kind of graduate program.

Thank you for the merit aid website. I was actually looking for a list JUST like that after reading his book.

OP, I get it. I think most of my friends get it. They either stick to the top publics if their kids can get in, go for lower ranking schools with merit, and few bite the bullet and pay full price.



But the OP does not "get it". They think they are entitled to a top price school with merit, and that's not how it works.

Many smartly conclude that top tier is not worth it and actively search out slightly lower schools that provide merit (or lower schools that provide excellent merit--as in full pay) and graduate without debt. Yes, prices have gone up ridiculously, but it's that way for everyone. Fact is there are many many many excellent choices that will be affordable, no matter what your definition of affordable is. So search for those and recognize that "where you go does not matter nearly as much as what you do once you are there".
If you don't want to pay $320K for undergrad there are plenty of options that will get you an amazing education for much less. That is the point. If you really want "top tier" then you need to pay
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