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Reply to "Recommendations for Funding College"
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[quote=Anonymous]You can cashflow it if your kids happen to win the jackpot of getting into CMU/Cornell. But admissions has gotten a LOT tougher if you haven't gone through it yet. Our kid had 99% test scores and top grades in rigorous courses (4.45 WGPA) and a national award in his area of interest and he didn't get into any of his "dream" schools (which were of similar caliber to CMU and Cornell). The good part of this is that he DID get into our excellent state schools (UVA and W&M) with some merit aid. He was also awarded lots of aid to very solid private schools that weren't his "dream school." So in a sense, if your kid is actually competitive for CMU/Cornell, there is a very good chance they won't get in, but will get into other schools with merit aid. Just be sure to look at which schools offer merit aid because not all do.[/quote]
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