Reply to Who is WASP (Williams, Amherst, Swat, Pomona) for?

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[quote=Anonymous]The issue with these schools is that unless you are easily full pay or will receive significant money in aid, it feels like there are better values. For example, our child could go full pay to Swarthmore (assuming they got in....they did not apply) or go to Bryn Mawr and get $35,000 in merit aid, which they got. Is Swarthmore the more highly ranked school? Yes. But is it $35,000 a year better a school? Not sure. Especially when there is a program with Bryn Mawr where you can get a graduate degree in 5 years with UPenn.

For us, it felt like these very good SLACs were not GOOD enough to justify the total cost, since we were not getting any scholarship money unless it was merit aid.

I also wonder if it creates an odd sort of culture where you have two groups of students--those wealthy enough that parents were easily able to send them to these schools and those who are most definitely NOT from wealthy families. Maybe I'm wrong and there is a middle ground, but we are probably in the top 2-3% of earners in the country, and we did not feel great about spending that much money unless there was the cachet of the big name. And our child had very good grades and quite good SAT scores, but we didn't feel she was probably quite competitive enough for an Ivy league and did not even apply. [/quote]

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