No one gets merit scholarships to T10. You calculate your EFC in advance because that is what you are likely paying. |
PP here, we neither belong to a country club nor send our kids to private. We tell them how much our house costs, which is admittedly in a nice neighborhood. If they want to live in a nice neighborhood like ours, then this is what it costs. Of course, we also tell them to be realistic, that when they are just starting out, they shouldn't expect to live so nicely. But, we've told them about how much things costs. If you want to drive x car, this is how much it costs. Our food bill is x. When we go on vacation it costs us x. Years ago, we were on summer vacation, and we got ice cream from a shop everyday while we were out. DC asked how much we were spending on ice cream, so we told DC how much it cost every time we went, then DC calculated how much we spend on ice cream alone. DC was shocked. This DC is now working PT while in HS and buying stuff for themselves, going out to eat with friends. This DC is also a senior in HS, and we've sat down with DC and went through the costs, and if they decide to go to a pricey school and get a loan, this is how long it will take you to pay it back. Oh, and this is how much Uncle SAM will take out of your paycheck. Both spouse and I come from very modest means. Our kids are privileged to be sure, but it's not like they come from family money. |
| Back to the original point, don't let your anxiety run this process. Your kid needs support not pressure and judgment. |
My kid got B/C grade in HS and 2.5 GPA in college because DH thinks school is not that important, just to get a college degree at any school is good enough. He trained DC at a young age to be good sports, music, and social skills. DC is now 27 years old and is a top software sales person for a tech company making over 700K in salary and bonus. The soft skill is so much more important than where you go to school. Please relax and land the helicopter. |
Timeline - if your grandparents were on social security then they were in America, because that’s where social security as we know it exits. It is not called that in other countries. That’s generation 1, generation 2 is your parents, generation 3 is you. I assume this because I can read and count. Can you? |
Oh goody, the Tech Sales Bro (TM) is here again
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So there are two braggarts with appalling social skills. It’s unfortunate that there is more than one of you. I’m skeptical you have the social skills to actually make a friend, though. Really takes some social deficits to open a thread about average kids just so you can brag about a child with a 4.7 GPA. That is just so sad. |
NP. You do come across as exceptionally status-obsessed. |
Congrats to your son! But I don’t think he is like this because of your husbands training. Having a sales type personality is not something that anyone can just learn and do. He likely inherited an edge in it, just like others inherit academic skills. |
Duh. Top 10 schools don’t give merit aid. |
Weird. My DC is a freshman at Stanford this year and has a full ride scholarship for four years. Our HHI is $675K and our NW is $7.8M. We’re not sure what to do with the $350K in his 529 plan. Change the beneficiary later to a grandkid, I guess. I think you meant to say that T10 schools don’t give merit aid to normal students. They certainly give it to world-class candidates, though. |
I am curious, is your DC a recruited "world class" athlete or have an incredible talent in some other area? |
Really? I’m really not. I just don’t think a kid from Cleveland State is as competitive in NY as a kid from Pace. |
This is exactly what should happen in every family/household! Kids need to understand a budget, what essentials will cost and what luxuries will cost. Especially like the point about how when starting out you won't live as nicely. Our kids don't see what our first apartments/cars out of college were like. For most kids, they will be living at a lower level than they grew up when they start out---just like most of us did. |
There have been and will thankfully continue to be lots of people who support themselves while also embarking on creative and nontraditional pursuits. You don't need to squash your kids dreams to prepare them for the real world. There can be balance in parenting. I feel bad for creative and talented kids who have parents who just aren't and don't support them(emotionally) in their need to create. |