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College and University Discussion
Reply to "Perspective on the Madness"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We're in the midwest- at my DS's private HS there are kids with 1530-1600 SAT scores, grades, etc. (I know this because it's a small school, kids talk, parents talk, etc). If the parents don't have money, the kids go in-state, honors or out of state on schools that offer a lot of merit and financial aid. A lot of talent doesn't go to the Ivy League or T20- it's too expensive for most families, especially if there are multiple bright siblings. [/quote] If the parents qualify for need based aid, there is no better deal than the ivies especially Princeton Harvard Penn Yale who have the best financial aid. For many brackets of income up to around 200-225k household, the top schools have a lower net cost than instate. We know families who got zero need based aid from WM but got financial aid at the ivy making the net cost less than WM in-state. Same with UVA: engineering in state full cost is 50k. They pay 43k all in at the ivy. These are not the neediest families—those have $0 cost of attendance at almost all schools—but they are families with need and the ivies do the best job covering the gap. Other top 15 privates with high endowments also give great need based aid. [/quote] It's not just Ivy League. Stanford, MIT, Vanderbilt, Rice, Northwestern, CalTech, Williams, Pomona all offer exceptional financial aid. Very few middle class students are priced out of these schools. The fact is that getting a good job is difficult. And a resume with a T20 school is going to get looked at. Plus, the networking is often great. My kids go to "elite" schools with financial aid that brings the cost below state flagships. And they are getting great paid internships because of the school brand. They wouldn't have these opportunities if they had gone to a public school. [/quote]
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