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I told my kid that paying $90k a year for a private college is like buying a new Mercedes and rolling it off a cliff every year for 4 years.
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45% of Harvard students pay full price |
Ivies do not offer merit aid, just need-based. The 45% who come from families making over 200k a yr typically do not qualify for needbased aid ie they are full pay. True top schools that have full tuition or full cost of attendance merit only offer it to a couple dozen of incoming freshman, out of the entire class of 1500-2000. These schools also have excellent need-based aid that sometimes is listed as a named “scholarship” but it requires fafsa qualification as needy. Still, about half of the student body makes over 200k and is fullpay. Examples are Hopkins, Duke, WashU, Notre Dame, Vandy, Wake. Non-need true Merit is rare and hard to get at these schools. If your kid is “getting merit everywhere” the schools are not top schools |
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You can continue to apply to merit scholarships once enrolled. If you have stats for elite but goto a non -elite school you may find the less competition for merit scholarships.
Especially true for stem where you have a lot of corporate sponsored scholarships |
65% pay full price at the top 50 colleges. Lots of merit aid offered at colleges 50+ |
| I would pay $90k for community college because they deserve it. |
This in-state fetish makes it look like those are the only bargains out there. People, if you don’t like your in-state public options, look south or west & you will find plenty of famous universities which grant automatic (ie, no additional application needed) merit scholarships which will make the net price of these universities similar to your in-state publics. |
The western state program is great. But typically does NOT include the state flagships. So Colorado state U is included, but not Univ of Co, same for Washington---UWashington is not included but WSU is. But yes it's a great way to open more affordable doors. I know people who turned down UW for WSU and love it. |
Why? Starting salaries at top companies (FAANG) are based on experience, not where you went to school. A kid from VaTech who gets in is being paid the same as one from MIT. Go talk to engineers at any company, and they will work alongside people from many different schools and the starting pays are similar. How you advance has to do with your on the job skills, not where you attended College. |
But those kids will work alongside kids from other good engineering schools and be paid the same. FAANG doesn't solely hire at T10 engineering schools, they hire elsewhere too. |
In the T25 and many in the 30-50 range, yes they don't offer much merit. So if you are full pay (not FA eligiglbe) you are paying $90K. And yes people pay it. We saved for college and grad school, the money is there for our kids to use. |
This is a pretty good list. Notre Dame for fabulous education, happy student body, and, most importantly, the best alumni network in the country. |
I'm not talking about VT ... i'm talking about the 2nd tier state U that you've never heard of. |
Zero. Most of you and your “bright” kids are getting massively scammed. |
Exactly. |