Reply to two kids in college - what is prestige worth?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

OP is off in Lala-Land while his first child is sweating bullets this close to Decision Day.

Not cool, OP. Your cold feet are hurting your kids. Typical of a certain type of bean-counter.

You should have been upfront with your kids about you finances before they applied anywhere.

[/quote]

You're literally making this up. Why I have no idea. We called schools to ask for clarity on what happens next year when she got the acceptances. I'm sorry I didn't alert DC Urban Moms and Dads then, I guess? A lot of kids are still weighing decisions rn. Accepted students day at Princeton as last week ffs.  For my child-of-bean-counters, decision-making includes how to allocate a big chunk of money set aside for college. Do she want to keep some powder dry for grad school?  Do she want to do a gap year and get more FA next year (suggested by two schools - who also want the best for these kids)? She's a smart kid making smart decisions. I'm super proud. [/quote]

You guys are talking about this with one week to go? I can understand a teen not having a great sense of timing, but you, the adult? You're cutting it a bit close to be still talking about a gap year in April of senior year!
The allocation of money was something you were supposed to do for the past 18 years, my friend. Calling around frantically now isn't going to change much.

[/quote]

DP. Last year with 1 week to go, my kid was meeting with various dept chairs and waiting for results of FA appeals at 3 T15 schools. "Calling around frantically " saved us 8k. Per year.

What iswrong here that you need to chastise?[/quote]

People like this poster are honestly a problem. You went all "Karen" frantically appealing FA results  sucking up more of the budget while the people who probably really need the money don't end up with it (you didn't mention any actually flawed FA data). I'm guessing you're a homeowner with a fair amount of equity there and in your retirement account they can't touch and would call yourself UMC to a non-FA officer?[/quote]

What a rush to judgment. We are not UMC.  We appealed based on lower income in '21 than '20. The other contacting was to see if the colleges that were more expensive were worth the additional cost so DD was talking to various faculty. So, because we made less money and realized that would be important for the unis to know, that makes me a "Karen?" You sure bandy that term around loosely. And, actually, "Karen" refers to someone who pre-judges others based on their own entitlements, so look in the mirror, babe.

Honestly, why do people feel the need to denigrate others when it's so unnecessary? Our EFC is not high. We need the FA. The week spent comparing schools and talking to FA office was fruitful. You stink.

[/quote]

I would agree that pushing back at the last minute also isn't an amazing thing to do when it isn't based on any merit. When you say "saved us 8k," it also didn't sound like you were not going to be able to afford it otherwise. It looked more like a pat on the back for saving yourself the money at the last minute. The point is that the money had to come from somewhere FA budget wise and maybe your family that goes through multiple appeal processes and escalates isn't the one that needs it most. But you could actually be fairly poor and if that is the case then the strategy was a true positive though trying to do things earlier would have been ideal.
I am also interested if you are a homeowner with decent retirement accounts though. Would you mind answering that bit? A lot of the FA stories on DCUM feel a bit fringe in terms of true need. The same parents trying to game admissions too often turn their attempts to the FA office too. [/quote]

Firstly, why would you read so much into someone's experience appealing their FA when you know none of the details? We gave the 2 schools dd was down to info on our current income which had decreased from the previous year.  That is NOT gaming the system. Not sure how we would have addressed it earlier as she had only just visited the last school. She contacted that school in person while on the visit, and theit FA officer advised her to submit updated income info. But, getting in the current info put us into the last week. We had only gotten the admissions and FA a couple weeks before. I don't know why you keep assuming someone else should get this FA. If the school thought that, they wouldn't have granted our D's appeal. [b]Our efc is in the 30k range. We have some retirement,  not a ton because I don't have benefits,  but schools don't consider retirement accounts anyway.  [/b]

I posted to try to help and encourage OP. Not sure why the need to pounce with assumptions and judgments. [/quote]

A certain school might add a little, but the big engine in all of this is your FAFSA, which peculiarly you don't mention.[/quote]

?? Poster referenced EFC which is a direct product of FAFSA. So, what else is there to disclose? You want all the financials on some random person because you got caught out making baseless assumptions? Your attempts at a gotcha moment are pathetic. Also, as another poster mentioned, CSS is more relevant here anyway.[/quote]

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