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Reply to "Is there a tipping point , full pay?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we are full pay with a HHI around 650k. we would only have paid slightly above in state, so merit is critical for private or OOS. our kid also is pre med and we plan on paying for medical school. He is at his first year at VCU. he also got in Vandy, Colgate, and UT Austin. [/quote] Got into Vandy, Colgate, Austin, went to VCU? Whiskey Tango Foxtrot.[/quote] Vandy and Colgate are all ~$80K+, and Austin OOSis 70K+. PP stated he got $16K scholarship--so tuition free for IN-state. Pretty smart to take that and run to the bank. VCU has an excellent premed program---he will be well prepared. Chem 101/102, Org Chem 201/202 and Biology 101/102 all cover the material at every university. To get into Med school you need a high gpa, research, great recommendation letters and a High MCAT. Much easier to get a high GPA at VCU than at any of those with all the weed out courses and high competition. He will easily get a 3.8+ at VCU. Not to mention he will likely get to do research, be more involved with professors as the big fish in the pond at VCU vs everywhere else. It's a win-win. Financially, it's a no-brainer. His ultimately goal is medical school. He will get that debt free, not many people can say that. And the $64K he saves from undergrad will pay for a good portion of one year. [/quote] Blah blah blah if I made $650k I would not GAF about that or be trying to nickel and dime undergrad.[/quote] Well good for you. However, your kid might go to one of those Elite schools and struggle to keep a 3.9+ and stuggle to get into medical school. While this kid could be on a direct path to medical school at VCU (and likely is). Even if he wants to go elsewhere, he likely will have a 3.8/3.9+ GPA and well set to get in anywhere. Med school don't give you a leg up because you did undergrad at an elite school. They look at MCATs and your GPA/GPA for prereqs and your reserach/involment/volunteering. This kid as a top honors student at VCU will have the opportunity to excel at that. Not as much at Vandy---where 35%+ of the undergrads start wanting premed. So feel free to throw away your money at college and possibly have your kid taking 2-3 cycles to get into medical school. Meanwhile, this kid will be almost thru medical school, with a tuition of only $34K/year for med school before your kid might even start medical school. Just because you have money doesn't mean you throw it away. [/quote] You seem fairly logical until you insist on adding the judgy judgmental conclusion at the end. Then you've lost your case.[/quote]
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