full ride at ND vs full pay at Wharton

[Anonymous]

Anonymous wrote:

Anonymous wrote:I see this a lot at our private and don't really get it. I think people can't turn down some of these schools even if it's the right thing to do.

I spent 27 years in IB. I think the wall street game will be very different for our kids. Some will do well, for sure, but not quite as sure a path.

With real estate prices the way they are, I think the surest way to set up your kid is to get them into a starter apartment or house by the time they're 30. I live in NY and I've seen even pretty well off young couples priced out in the last decade. (Our generation got lucky with housing).

Also the ND network is for real - those kids don't lack job offers and once you're in any job, it's about the kid not the school.

I have more than 4mm net worth and would take the full ride and park the money for a 30-50% down payment in 7-10 years.

How can you spend 27 years in IB and have just 4M in net worth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I see this a lot at our private and don't really get it. I think people can't turn down some of these schools even if it's the right thing to do.

I spent 27 years in IB. I think the wall street game will be very different for our kids. Some will do well, for sure, but not quite as sure a path.

With real estate prices the way they are, I think the surest way to set up your kid is to get them into a starter apartment or house by the time they're 30. I live in NY and I've seen even pretty well off young couples priced out in the last decade. (Our generation got lucky with housing).

Also the ND network is for real - those kids don't lack job offers and once you're in any job, it's about the kid not the school.

I have more than 4mm net worth and would take the full ride and park the money for a 30-50% down payment in 7-10 years.

How can you spend 27 years in IB and have just 4M in net worth?

Well, you can spend most of your career on compliance/back-of-office roles. Honestly, I don't know any client-facing bankers that spend 27 years in IBanking because you have made so much money along the way, you just decide to do something else...the only ones that stick around that long move into management roles at a bulge bank.

they said more than 4mm. let's move on

[Anonymous]

Anonymous wrote:Well if you are not willing to send your kid somewhere, don’t let them apply (unless the net price calculator days it would yield good aid).

So these parents probably thought it was wrong to pull the rug out from under the kid at that stage of the process .

Probably when they applied they were expecting to be "full pay" at all of the lottery schools they applied to. But somehow one of the lottery schools came through with a full ride. (I'm not sure how likely that is.) If you're choosing between full pay lottery schools, nothing to think about, you pick the most prestigious. But full ride lottery vs full pay lottery, with a minor distinction in prestige, there is actually a decision to make.

[Anonymous]

Anecdotally, DD’s “casually Catholic” high school friend went to ND for business. She’s a smart young lady and really loves the university. However, attending ND changed DD’s friend in almost no time at all.

When the friend returned home over Thanksgiving break of freshman year, she came to a girls’ lunch wearing a pro-life T-shirt. She then proceeded to talk about whether or not she should break up with her non-Catholic boyfriend attending another college. She didn’t want to miss opportunities to meet young men at ND, because she wanted to find a man who would be the best leader and spiritual head of their household someday.

DD came home from lunch and said she couldn’t finish her meal. She and the other girls were stunned at the change in their friend over a few short months.

This could be a one-off, but it made an impression. If one is not of a particular religion, or especially devout, I would hesitate to send a DC to a hardline religious college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I see this a lot at our private and don't really get it. I think people can't turn down some of these schools even if it's the right thing to do.

I spent 27 years in IB. I think the wall street game will be very different for our kids. Some will do well, for sure, but not quite as sure a path.

With real estate prices the way they are, I think the surest way to set up your kid is to get them into a starter apartment or house by the time they're 30. I live in NY and I've seen even pretty well off young couples priced out in the last decade. (Our generation got lucky with housing).

Also the ND network is for real - those kids don't lack job offers and once you're in any job, it's about the kid not the school.

I have more than 4mm net worth and would take the full ride and park the money for a 30-50% down payment in 7-10 years.

How can you spend 27 years in IB and have just 4M in net worth?

Well, you can spend most of your career on compliance/back-of-office roles. Honestly, I don't know any client-facing bankers that spend 27 years in IBanking because you have made so much money along the way, you just decide to do something else...the only ones that stick around that long move into management roles at a bulge bank.

they said more than 4mm. let's move on

8 figure IBer here who stopped IBing when in mid 40s. Wharton culture is ‘end justifies the means’ (sell your mother for a dollar crew) from my experience. Yes, Wharton opens more doors, and if you think your kid’s happiness dial is only moved by money, pay for Wharton. If you think your kid is not Alex P Keaton or Bud Fox (ultimately, would not measure their life by money in the bank when the time is up) - ND for free is the play.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't really know what peer group means anymore. You think the Vandy/ND kids are somehow less impressive than Wharton/Duke? I dont know that that is true. (Wharton especially still loves the fake not for profit kids .. that's who they are)

Going forward, peer group at duke will be more and more N and S Carolina kids with families making under 150k.

They did not matriculate more NC/SC students than in the past, they just made a higher % of ED. All it has done is up the % of the class on need based aid, which keeps it in line with changes the top 5 ivies have already made. They have always had financial aid advantages for Carolina residents (such as grants to replace all loans in the 90s): it is slightly easier to get in from Nc/SC, just as it is easier to get in to Princeton from NJ, and Penn from Philly especially.

Year 1. This is building. Will be more kids from the Carolinas going forward

No, there will be more applying, but they have rough quotas as all schools do, for geographic diversity. The NC/SC totals have a rough goal and cap each year.

[Anonymous]

Anonymous wrote:Assume that peer group can mean a lot of different things. Duke is doubling down on local kids. Which is great but moving towards becoming more a Berkeley than a Yale

Duke is not expanding the cohort from the carolinas, they are just trying to make it easier and more common for those with need from the carolinas to apply. They will be MORE in line with Yale as they will have a higher % of aided kids compared to previously. The group that will be pinched are the full-pay carolinas applicants who do not ED. There will be less carolinas "spots" available given the huge surge in ED of this geographic group because of the new rules: private school counselors of fullpay kids in the carolinas have gotten the unspoken memo from this past cycle: Duke RD is not a backup to ivies, if you want it you'd better ED, full pay or not, unless you are truly a cream of the crop RD applicant. Duke RD from the carolinas used to be slightly easier than RD from other regions: no longer, now it will be harder.

[Anonymous]

Anonymous wrote:Anecdotally, DD’s “casually Catholic” high school friend went to ND for business. She’s a smart young lady and really loves the university. However, attending ND changed DD’s friend in almost no time at all.

When the friend returned home over Thanksgiving break of freshman year, she came to a girls’ lunch wearing a pro-life T-shirt. She then proceeded to talk about whether or not she should break up with her non-Catholic boyfriend attending another college. She didn’t want to miss opportunities to meet young men at ND, because she wanted to find a man who would be the best leader and spiritual head of their household someday.

DD came home from lunch and said she couldn’t finish her meal. She and the other girls were stunned at the change in their friend over a few short months.

This could be a one-off, but it made an impression. If one is not of a particular religion, or especially devout, I would hesitate to send a DC to a hardline religious college.

I have two nephews at ND and this is not my impression of the university at all.

[Anonymous]

Me neither. It sounds like fan fiction

But breaking up w your high school boyfriend or girlfriend at thanksgiving is a traditional as old as time. Used to be called the Thanksgiving Dump. But not to find a head of household. Get real.

[Anonymous]

Anonymous wrote:I'll take imaginary First World problems for a thousand Alex.

lol!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'll take imaginary First World problems for a thousand Alex.

lol!

I mean, there are full rides at these schools. not for all kids, of course.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Anecdotally, DD’s “casually Catholic” high school friend went to ND for business. She’s a smart young lady and really loves the university. However, attending ND changed DD’s friend in almost no time at all.

When the friend returned home over Thanksgiving break of freshman year, she came to a girls’ lunch wearing a pro-life T-shirt. She then proceeded to talk about whether or not she should break up with her non-Catholic boyfriend attending another college. She didn’t want to miss opportunities to meet young men at ND, because she wanted to find a man who would be the best leader and spiritual head of their household someday.

DD came home from lunch and said she couldn’t finish her meal. She and the other girls were stunned at the change in their friend over a few short months.

This could be a one-off, but it made an impression. If one is not of a particular religion, or especially devout, I would hesitate to send a DC to a hardline religious college.

I have two nephews at ND and this is not my impression of the university at all.

My non-catholic daughter is in Mendoza.
PP sounds weird.

[Anonymous]

Anonymous wrote:Me neither. It sounds like fan fiction

But breaking up w your high school boyfriend or girlfriend at thanksgiving is a traditional as old as time. Used to be called the Thanksgiving Dump. But not to find a head of household. Get real.

Mine wrote me a breakup letter right after we both left for separate colleges. Guess breaking up to my face the last week of summer would have been too hard. Then showed up at my house at Christmas, wanting to get back together next summer (which we did).