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College and University Discussion
Reply to "This is not real life - paying for college edition"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The need to start saving early is real and essential, but can still fall short. We started saving early in elementary school and its still not enough. I think school counselors ought to begin these conversations in middle school and earlier about school costs. [b]It's a disservice to push kids to take full rigor and encouraging families of attending highly competitive colleges when affordability should be considered equally. [/b]We make far below the income threshold for the ivy that accepted our kid, and received no offer of aid. Zero. I didn't think we'd get a lot but expected some aid. The glossy brochures saying households earning less than 150/200k go for free are slick marketing brochures. Although the fine print says assuming reasonable assets, the definition is vague and hurts families living in high cost of living areas where they may have home equity/modest savings and rewards people who dont save. I have a friend who rents and has little to no savings and her kid got full financial aid at northwestern (not merit). She travels and spends far more than we do. She jokes that being poor is great since she gets so many benefits. The system is broken. [/quote] No, you need high rigor otherwise your kid isn't getting into their state flagship, which is AFFORDABLE, and you will be stuck with a lower-ranked state school, or paying a higher out of state or private price. UMD and UVA demand really high stats these days, so THE NON-RICH REALLY NEED TO PUSH THEIR KIDS TO DO WELL IN SCHOOL.[/quote] some kids from UMC with high stats also get rejected from UMD/UVA. These flagships have become very competitive.[/quote]
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