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College and University Discussion
Reply to "Newly donut-hole family"
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[quote=Anonymous][quote=Anonymous]This is the OP. Thank you for the responses. It is about what I had expected. We moved to DC to make this higher income (bigger mortgage now, but only one car) also, due to the move, we now have to outsource our percentage of care for a relative (which was hindering one spouse's income because they had been delivering the care). Those two factors, and a higher income bracket, mean that while we can save for college, it isn't as if we can make up for 15 years x 2 kids in 3 years. Sure, there are places we could have scrimped and saved more along the way, but I don't think that would have gotten us to the 600K we would need to tell both kids they could go wherever they want. Like all parents, I would love to be able to tell him that he can go to whatever school he gets into. Fortunately, we have had lots of conversations about life not being fair. He has no interest in SLACS. We have been encouraging the top honors colleges, and then the 25-50 ranked schools that give merit aid like [b]CWRU and Emory (he has perfect ACT/SAT/GPA) [/b]and hoping he gets some money from schools like [b]Wash U.[/b] We are in MD, and his STEM major is very strong at UMD, so [b]if he can get into the BK program, that would be a great option[/b]. I know, and he knows, he will be happy and successful no matter where he goes. [/quote] *He might get merit aid at CWRU - they like Blair magnet kids especially. OTOH, they rejected a lot of Blair magnet kids this year and gave little or not merit aid to a lot of them as well. *Emory gives very little merit money to very few applicants. Ditto re: WashU. *UMD is an excellent option but given the in-state tuition, why would you need him to get a BK scholarship (it's not a program) to attend? FYI, my kid also has perfect stats (perfect ACT and perfect GPA in the Blair magnet) and the above reflects our experience. Don't count on merit money at elite schools that give it, even for your near-perfect or perfect student.[/quote]
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