Very few get a full ride to UMD. Lots of magnet kids do get the presidential scholar merit aid which is $20K for four years. My kid got that from RMIB. Actually, several students from magnets do get rejected to UMD, but mostly for CS/eng. |
I was so stressed out during acceptance time because if DC had been admitted to MIT, I wasn't sure we could say no. They got an interview, and the interviewer had gone to the same school as DC. In the end, DC was rejected, but if they had gotten in, we were thinking we'd say yes. But, if we did that, we'd have to be willing to pay that much for DC#2 college. That would've impacted our retirement heavily. DC went to UMD, and they are very happy there and has an amazing internship this summer. So, it worked out, so far. |
RM families are generally pretty comfortable. They only take so many students per school so it's not surprising that not all don't get in. |
My kids know what we can afford and not. We will have them apply but they know it has to be something we can pay cash for and still have money for grad school. I'm ok with it impacting retirement as we will not retire till they are done with school which means we will be late 60's or older. |
Sure you do |
I also have a child at Blair and have not seen this. It’s not possible for any parent to know everything about advising both this year and in the past. Naviance shows that high performing students get accepted though. |
This kid got a free ride to MIT (Questbridge) and turned it down for UMD |
Sure dude stop Capping |
It surprised me too. Not sure if they got the Banneker Key or something else but what UMD was offering plus living at home made more financial sense apparently. Not our role to second guess what someone else decides. My own Blair magnet kid won’t be applying to any ivies or MIT as there is zero chance we can afford the $100k a year that they cost. |
So this kid got free admission to MIT through Questbridge but decided to go to UMD (probably also free do to low income). 🤔 Problem here is Questbridge is binding, so he couldn't turn down MIT offer. Fishy ... |
If you can't afford then your kid might very well receive financial aid. Did you try their cost estimators? |
Yes and like I said we don’t have $400k lying around, plus another $800 for the other two kids. |
| * $800k |
Comfortable doesn’t mean they have hundreds of thousands of dollars to spend per kid on college. Comfortable puts them in the donut hole. |
+1 and this is why many end up at UMD. If we had to, we could shell out $100k/year, but it would wipe out our cash savings, and we could only do that for one kid. What about the other kid? The expectation that the parents should wipe out all savings before being eligible for any FA is crazy. |