Reply to Why apply to an Oberlin/Kenyon/Grinnell

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Acceptance rate at Colby and Bowdoin - 9%
Acceptance rate at Hamilton - 14%
Acceptance rate at Bates - 17%

Acceptance rate at Kenyon and Oberlin - 35%
Acceptance rate at Grinnell 11% but fewer east coast applicants than the ones you asked about.

This may be part of your answer.[/quote]

Colby and Bowdoin - no merit aid
Hamilton - no merit aid
Bates - no merit aid

Kenyon and Oberlin - merit aid available 
Grinnell - merit aid available

There you have your answer.
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Colby may not give merit aid but they have committed to being one of the most affordable small colleges in the country.  Families that make less than $150K (which is a lot outside of the DC bubble) pay no more than $15k per year and more than 70% of families receive financial aid.  Plus, the facilities are extraordinary.  It does have the drawback of being in the middle of nowhere.
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That is irrelevant for families in the donut hole.  For them, it's all about merit aid.[/quote]

This seemed false and it is. 46 pct of Colby students receive need based aid in line with most of these schools. Colby’s financial aid is typical among SLACs. https://afa.colby.edu/apply/college-profile/[/quote]
Looks like someone doesn’t know what the donut hole is.[/quote]

Colby says: "Colby College meets 100% of demonstrated need without student loans. Families with a total income of up to $75,000 with typical assets can expect a parent or guardian contribution of $0. Families earning $65,000 to $150,000 with typical assets will have a parent or guardian contribution of $15,000 or less. In recent years, more than 95 percent of families with a total income of $200,000 or less have qualified for financial aid."

The say the annual cost is $86k and it looks like a donut hole family would end up paying $35-50k, which is not terrible considering that lots of "affordable" options are still $40k per year.[/quote]

A donut hole family is a family that doesn't qualify for aid.  They get zero aka a donut hole.  Usually refers to a family that is just above the threshold.[/quote]

A family like mine, with three kids and $225,000 in annual household income, gets zero financial aid. We cannot pay $85,000 per year, times three kids, for undergraduate education. It's not possible.[/quote]

So what is your plan, then? Community college? Attend a commuter school and live at home?

You are going to pay a minimum of $40k per year per kid even for the most affordable option that's even remotely attractive. $50 to $60k per year is just a matter of planning.

[/quote]

In-state public schools or private with merit aid.

Of course it's about planning.  No one suggested otherwise.[/quote]

Privates with merit, even the ones that are known for generous merit, will still cost well over $30 per year.

UVA is $38k for the college of arts and sciences. Same with VT.
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Yes.  And?

We plan for this.  It's a far cry from $85K/year and rising.[/quote]

And… your kid goes to an in state public instead of a “prestigious” northeastern LAC.

And… you’re still going to cry about the unfairness of it all.[/quote]

Again:  No one is crying or for that matter, whining.  No one.[/quote]

Then what is going on here?[/quote]

I’m not one of the PPs who shared financial/NPC info, or what we can afford, but I did read those posts. I saw them as a clear and specific answer to the OP’s question. Which was…why apply to these midwestern merit schools. [/quote]

Question asked, question answered.  Anecdotal information supplied.[/quote]

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