Reply to ED - Carnage at the Big 3

Forum Index » College and University Discussion

Reply to "ED - Carnage at the Big 3"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can parents who are really bummed at a rejection from an Ivy or UChicago or MIT help me understand why this is such a big deal?  Surely you all work with people from a variety of educational backgrounds who have been super successful, and surely most of you have graduate degrees and have seen that those degrees matter more than your undergrad.

Is there some specific career track or life plan that's spoiled by this setback?[/quote]

No.  Of course not.  But these schools are in a position to offer significant financial assistance because of their wealth.  For some families, if they can actually get their student in, they could in fact accept the offer.  Alternative might be having to decline an offer from an elite but less generous institution due to affordability.[/quote]

This is a thread about "Big 3" students not getting in. [b]Virtually all Big 3 students are not qualifying for any financial assistance because their families are welathy.[/b] [/quote]

considering 40-50% of students at these schools receive financial aid, I'd be curious to see how the math works on that one.[/quote]

Well, consider Harvard:

"For families with annual incomes below $65,000, the expected contribution is zero. Families with annual incomes between $65,000 and $150,000 will contribute between 0 and 10 percent of their income. Those with incomes above $150,000 will be asked to pay proportionately more than 10 percent based on their circumstances. Families who have significant assets will be asked to pay more, but home equity and retirement assets are not considered in our assessment of financial need."

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics