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College and University Discussion
Reply to "Resource that will explain to grandparents how college admissions has changed in 30 years"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For a moment of reflection: ours have no living grandparents to (not) care about such things. That said.....this is a good start. [quote=Anonymous]Give them "Who Gets In and Why." [/quote] My current battle with DH is over how to pay for it. (And, yes, I've tried to get him to read "The Price You Pay"). DH thinks our good student/child will get "in" and get lots of "scholarship" money because "back when he [did it]" (in the 90s), kids with our kid's current stats....did. Those days are gone. [b] He also has no clue what even in-state, all-in costs are.[/b] It's going to be a long Fall.[/quote] It seems like this piece, at least, is easy to show him? Public Us at least are pretty transparent with the cost.[/quote] There’s a thread from earlier this spring called “Penn State v Yale.” The family could afford Yale. But Penn State (OOS) is like half the price, and when dad finally sat down and looked at the choice he couldn’t stomach the cost differential and balked big time. That’s my nightmare now. They knew what Yale cost. They knew they could afford it. Against all odds, the kid got in. And yet when it came time to write the check. … There’s seeing what it costs and there’s actually understanding what it costs and those are two different things. [/quote] And that is absolutely cruel to do to a kid. You must tell them upfront the max you are willing to pay (and ideally it should be the same for any school---none of this I'll pay $90K for Harvard, but not for OOS PSU---give a number and make it non-conditional). [/quote] So agree. A friend's family kinda did this a few cycles ago. They are big higher ed snobs and didn't really give a budget to kid. They are full pay but barely with younger kids. Don't even think the kid applied to a single public school. Kid had a choice of schools, but only got merit at the schools that traditionally offer and none at the most select schools. The kid, who internalized the parents' snobbery, now is taking out loans when it might not have been that way if they had had a more frank conversation about budget. Also dislike when I hear parents, who can afford full pay, say "we would never pay full cost for X, so good that they got merit," then turn around and say they would pay full price for T20s, top SLACs alma maters, etc. [/quote]
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