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

[Anonymous]

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

Your dh is an idiot

Possibly this. But what are your finances? That is the key. If it will not matter that much not sure why you would say no. If you do not have it then she can't go -- that simple. Big in-between I suppose. But are you saying if she got into Harvard as a regular admit you would not pay? If so -- you should have told her this a long time ago.

[Anonymous]

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

The connections at an Ivy are worth it then.

[Anonymous]

Are we talking Harvard or Cornell here. I would pick UVA over the latter

[Anonymous]

Great connections as an Ivy athlete. This board weirdly anti-athlete.

[Anonymous]

Anonymous wrote:Are we talking Harvard or Cornell here. I would pick UVA over the latter

If HHI is below $150K it is probably cheaper to attend Cornell.

[Anonymous]

If you can afford it, I would send her to the ivy.
Especially if she wants to do finance - no brainer

[Anonymous]

It is fine to get some loans - 30k or less should be fine

[Anonymous]

I'd make her get a scholarship or loan for anything over what you already have saved.

[Anonymous]

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

Your dh is an idiot

+1

[Anonymous]

It's fine for everyone to say the DH is an idiot, but how many kids do they have? What are their other expenses? Are they paying private school tuition for other students in the family currently? Etc. Yes, it's great to go to an Ivy, but not at the expense of other things or other people in the family.

[Anonymous]

I might borrow some money and have them borrow some, but not much. If she prefers the state school or doesn't want to borrow, she can still play the sport as a club sport or intramural.

[Anonymous]

Anonymous wrote:Great connections as an Ivy athlete. This board weirdly anti-athlete.

Exactly! Totally worth it OP. My child was an vy athletic recruit and was a liberal arts major. Worked in finance on Wall Street + now west coast. Has enough net worth at age 30 to retire or scale back. DH + I grew up MC + were not smart enough to go to an Ivy. Your DH might be jealous your child has such a wonderful shot at life.

[Anonymous]

Depends on: Which Ivy? (Harvard, Yale Princeton more attractive - others less). Your financial resources? Boy or girl? (Male alums from an Ivy more likely than females to get an after college boost from having played sports).
And many other factors - your question is too light on the details to answer well.
Also note that many college students, Ivy and otherwise start out planning to play a sport for four years and don't - injury, not good enough, develop other interests, etc.
I am a male Ivy sports grad - football.

[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.

Is this really true, though? Anyone who can get into an Ivy is likely offered merit money at an in-state school. If you have an SAT/ACT that Ivies require, that will get you automatic merit money at in-state schools, in some cases resulting in free tuition and room and board, regardless of financial status.

[Anonymous]

Anonymous wrote:It's fine for everyone to say the DH is an idiot, but how many kids do they have? What are their other expenses? Are they paying private school tuition for other students in the family currently? Etc. Yes, it's great to go to an Ivy, but not at the expense of other things or other people in the family.

Also, if you don't have that much debt because you live frugally (not because you're wealthy), drive old cars, live in a modest house that's paid off or has a small mortgage, yet make slightly over whatever they consider the threshhold, you are not getting much, if anything, from an Ivy, and your "expected family contribution" is way more than in-state tuition. I don't remember if they consider what you're paying for other kids' tuition or not. As far as FAFSA, you're getting the opportunity to borrow around $5K and nothing else. I'm not saying it's "not worth it," but it's ridiculous to say that it's compostable or less that in-state tuition in most cases.