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College and University Discussion
Reply to "Newly donut-hole family"
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[quote=Anonymous]The expectation seems to be that the cost will be paid out of some combination of income and assets. You ran NPCs at schools befitting your child's top stats, correct? (Just checking that you are referring to the meet-full-need schools with a reputation for being generous) If the results of the Net Price Calculators are not affordable for you, your child might as well understand that right now, and change the perspective to look for merit. The nice thing about top stats is that it makes you eligible for big merit money elsewhere. There are private colleges where stats over the 75th percentile are more likely to get some of the competitive merit money that the colleges give away. And there are public colleges that give big automatic merit scholarships for high stats. The list can contain a mix, schools that are reaches for all that you probably can't afford but are willing to let him try one or two (with the family understanding that the money fairy is not expected to appear, but with a plan to appeal an aid offer that matches what you are seeing from the NPC), schools that are reaches and matches for competitive merit, and schools that are safeties thanks to automatic merit.[/quote]
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