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College and University Discussion
Reply to "Is being a faculty parent a hook?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most colleges have tuition exchange. So if you work at a college/university -- there is a good chance that wherever your kid goes -- he/she will get 25K off yearly tuition -- or sometimes more through the exchange. It's not really an exchange -- that's just what it is called I have a friend who used this for all three kids -- different colleges - different amounts.[/quote] This is being phased out. Georgetown for example has made its plan way less generous.[/quote] There is actually a formal tuition exchange separate from the school-specific tuition benefit a lot of schools offer. It's mostly small private schools, no Ivies, state schools or top SLACS, but a few bigger names. Tuitionexchange.org. My husband is faculty at a participating school and it doesn't offer an admissions advantage, you have to apply competitively to the exchange AND member schools, but the benefit is 41k. Which is great because said university doesn't even pay faculty twice that.[/quote] This. We're in the same boat with the TE program. DCs still have to be quite academically strong to win a scholarship through TE, and there are elaborate rules governing how many faculty children a given school can send out depending on how many faculty children from elsewhere it accepts and scholarships. It's not a burden by any means, but it's also not a simple free ride.[/quote]
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