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College and University Discussion
Reply to "ED - Carnage at the Big 3"
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[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] It was not my impression that UChicago offers the generous aid that Harvard and MIT do. Am I wrong?[/quote]
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