Don’t know what to tell you, but it happened. |
Each family has its own priorities: some spend money on houses, some on traveling, some on restaurants, some renew their cars every 3-4 years. There are also families, that consider the education of their kids the no. 1 priority. 100k/year is huge but this is how much you have to pay for top private education nowadays, like it or not. We are discussing here the top of top schools in the world. If you have a kid that's smart enough to get to MIT, I bet he/she will be super successful in his life and will land a high paid job after graduation. They will make enough money to pay the loans. This is not just a parent problem but a family decision. Your child is mature enough to understand the situation and take a decision together with you. Blair's education is well preparing them for any kind of college challenge. Does it worth going into debts to continue the academic excellence journey? Our family decided it worth every penny but realities might be different. And, of course, the inteded major matters (a lot)! |
Yet if your kid is smart enough to get into MIT they have a great future for them wherever they go. We have a net worth of more than $4.5m and spending more than $1m on education that could be had for $200k is not a wise financial decision for us. Try asking this in the money forum and see what answers you get. (There was a thread on this recently and the OP was slammed as too poor to afford it with millions in networth) |
Stop embarrassing yourself in a permanently archived forum. MIT Questbridge is not binding. https://questbridge.zendesk.com/hc/en-us/articles/218777167-Is-QuestBridge-binding |
I'll take "Things that never happened for $200, Alex"... lol |
Exactly, usually about a third of the class ends at Ivies, but many who would or were admitted just can't afford it. There are a lot of doughnut-holed families. People even making decent money can't usually shell out half their take home pay fro college. |
You didn't get what the person was trying to say! Discussion was not about money forums but about if it worth attending MIT at 100k/year or not. Money is not everything and there are families that prioritize education over other things in life. From a pure financial perspective, the best approach is Montgomery College -> UMD and pretty much everyone is able to take that path to gain cheap education. Still some people will take loans to go to MIT. Of course, only few get admitted there, this being an hypothetical discussion for most. |
Make sense. He got admitted through a less competitive low income program (Questbridge), got scared by the possibility to attend, and picked instead a less intense but still great school like UMD. |
Right but this is why it is a big deal that it’s getting harder to get into UMD from the magnet. |
| Congrats to anyone admitted to MIT. Wheaton has 1 going in the fall. It’s not just the county-wide magnets |
I understood it perfectly. This is the thread i referenced. https://www.dcurbanmom.com/jforum/posts/list/1324319.page |
Again look at Naviance stats for Blair. Kids with 4.0/4.8 plus, 1530 SAT+ are not being rejected. Most of the magnet have those stats or better. |
Naviance does not break things down by year nor has it been updated for 2026. Once the stats are published in Bethesda magazine in the fall we can circle back about this. |
It would be $400K vs. $200K... or did you have three-four kids, which is a personal choice and then that's a different issue. |
Donut hole families are a myth, and generally, it's people who bought more expensive homes and live more expensive lifestyles. We are in that situation and if we need to, we could do it but we made very specific life choices to allow us to do it. |