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College and University Discussion
Reply to "“Hot Colleges” (2018 admissions cycle)?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]SLACs outside of the NE continue to gain in popularity (Rhodes, Sewanee, Kenyon, Denison, Macalester, Occidental).[/quote] They give merit aid. Lot of parents in the donuthole, which makes them affluent (high achieving kids) in urban areas. Out of pocket, likely 80k by the time my kid graduates, times two kids. When WM is an excellent in state option. Just not going to happen. Oberlin or Grinnell with about 20k to bridge the gap? Very interested. Probably more interested in Bates, Bowden, Reed or Amherst. But with no merit aid, we aren’t even considering them. We can’t be the only parents making this calculation. [/quote] I know of two NVa kids admitted to Sewanee and Rhodes this year with merit aid that put the net cost about 15% lower than W&M in-state. (Have you looked at W&M's total cost of attendance for next year? It was an eye opener for me.) So, don't assume a LAC is out of the question from a cost standpoint. [/quote] NEASCA colleges, by definition, do not give merit aid. Period. If you are in the donut hole for Williams, have a 1600 SAT, are an olympic athlete, are a Siemens finalist, cure cancer and graduate #1 in you class at TJ (where my kid actually is doing well) you still will not get a cent of merit aid from Williams, Amherst, Bowdoin, Bates, Colgate, etc. Reed has the same policy. As do Ivy’s. So even though my kid is topping out TJ with significant extracurriculars and SATs above 99%, he cannot even consider these schools. HHI $275. But, we live in the DMV (high COL) and are putting 2 kids through college over 6 years. We have been saving more than $1500 per kid per month for several years. But we got killed in the recession with both parents losing jobs at various points and our house losing 100k in value. So we did not have steady saving during the recession. [/quote]
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