Reply to Would you take Tufts, Emory, Wash U over UVA?

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[quote=Anonymous][quote=Anonymous]Hey guys so OP here.  Thanks.  Yes we have about 90K each for each of first two kids (180k for avoidance of doubt). 50k for third kid 2 years behind.  So will have three in college for two years.  HHI was like low 200s but last 3/4 years has been 300K.  Another 170k total from two rental properties (net after taxes) we plan to sell.  Could raise around 450K pretty quickly.  Easily pay in state.  Basically, I know for one kid she is IVY or UVA if she doesn't get in ED to an Ivy (barring merit aid).  She will ED Ivy.  Worth it in my view.

Issue is the second one.  He is not strong enough to ED Ivy but real shot at the tier below.  Going to be hard to tell him not to ED a top 20ish school.  He is more than fine going to UVA or William and Mary.  Will ED2 W&M if he doesn't get in to the ED choice (whichever it is--Emory, Wash U, or Tufts).

Honesty, I think Tufts and Wash U are probably low tier Ivyish.  Jury out on Emory.

Loans are an option right?  Pay 2 years each for each of three kids and loans for the other two.  We can pay them off later for them.  [/quote]

What's most obvious about your posts is that you've never actually had a kid go through the college admissions process and have no real appreciation of how hard it is or how much of a crapshoot it is at the schools you are talking about.  You should brace yourself for disappointment not only on merit aid but also on what schools each of your kids are actually going to get into.

And if you're even considering taking out loans you're compounding the error.  Loans for six years of private school tuition?  Interest rates aren't low, you know.  Insane[/quote]

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