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College and University Discussion
Reply to "college admissions process so far, financial aid disappointment"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is the child's exact substantial college savings and what are the extenuating circumstances related to how the savings came to be? Is the savings in a 529 and if not, what kind of plan is it in? [/quote] OP?[/quote] Not a specific plan. Family. But I don't make the income relative to the amount there is. [/quote] I don't understand. So this is a family gift that will pay for post high school education, not in a 529 and not with a limit, but you also don't think it is limitless?[/quote] Sounds like there is more than enough with the family gift but [bOP doesn't want to say the amount because it is more than most have AND it will cover all the way through medical school so long as undergrad is on the cheaper side. It isn't even in a 529 which tells me it is not finite. So who cares what your income is? Who cares how your income relates to the amount of money your family is setting aside. It seems your kid can afford any undergrad he wants but can't afford without debt all post high school education. My guess is that the money wasn't put into a 529 to likely try and game the financial aid system so undergrad would be supplemented by the school reducing the costs (i.e. no need to disclose the 529 balance but the money is nevertheless there/available). Sounds like you then had kid apply to schools and while he "can" afford to go, it isn't advisable if you want education to be fully family funded. So your idea (to try and get financial aid for free) didn't work even though it was worth a shot to you. I don't think people are going to be sympathetic...your kid is fine regardless what is selected. [/quote] You are so wrong about my specific family money scenario, and I don't owe a public message board an explanation. But there is no gaming of anything, everything is being done by the books. I never asked for sympathy, I asked for input about other children who didn't go to their number one schools because they couldn't, and how their experience was. Again, not looking for anything other than stories and advice. [/quote] Wrong message board if you're looking for kindness. The uptight, judgmental hags on here are not capable of it. [/quote] It's increasingly clear that "be kind" = enabling delusions and dishonesty. [/b][b]OP is getting flak because she refuses, over and over again, to let us know two critical pieces of information: child's SATs and her actual financial position. [/b]This is an anonymous SAT score. Child is one of 156,000 MCPS students. He or she will not have their identity revealed by mere mention of those two key information. There are many experienced parents posting on here who can offer great advice. But we have to work with what we are told, and people withholding important details and then complaining about nastiness aren't going to get the useful advice they might otherwise have. Will say I am forming a better impression of OP's kid and it does tell me Towson is probably a good outcome. Higher grades, lower SAT scores still means a good work ethic and Towson will have plenty of similar peers. Yes, there are other schools but you're going to have to pay for those. And that's the reality. [/quote] +1. This thread has been a total waste of time for everyone.[/quote] I would guess that OP's kids have college savings from grandparents or some other relative, but that since those are not funds to be repeated, they have termed them "exceptional." [/quote]
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