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College and University Discussion
Reply to "Colorado College missing enrollment targets"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We looked at CC, but we’re a full pay family and the lack of merit aid was surprising. I think of CC’s competitors as being schools like Whitman, Oxy, Macalester - all of which give higher merit awards. DS may still apply to CC because merit aid can change year to year and there’s no way to know before he applies, but I’m not optimistic. Skidmore is another example of a relatively average LAC that is need aware but doesn’t offer merit aid and so is losing out on full pay families. You would think schools that are tuition dependent would want a student whose family might pay $75K (but won’t pay $95K). I think a lot of families are in a similar position - yes, we could pay full tuition, but we’re not going to without a good reason. There are a lot of families that will full pay for an Ivy or Top 10 LAC, but if it looks like their kid is headed to a midrange LAC, they are going to steer them to one with more substantial merit. [/quote] I totally agree with this! We are also full pay and have a rising senior. Will absolutely chase merit - going to try hard to avoid full pay unless a tippy top school (HYPS or maybe one of top LACs) (kid is usual dime a dozen 4.0 UW/zillions of APs/1550 SAT/varsity athlete/solid but not tippy top ECs except an outstanding artist). Costs are just out of control and you feel like you are getting ripped off paying 100K/year.[/quote] +1, also completely agree with this perspective. We are fortunate enough to have the resources to pay full price at whatever college our children want. But as a matter of principle, I'm reluctant to pay 100k year for all but the very best brand names in higher education (pretty much Harvard, Yale and Princeton at this point), especially if I'm not convinced that my child's educational and career plans will not immediately benefit from the outlay (e.g, wants to work on Wall Street, is fully committed to the hustle). For kids that are still "finding themselves", exploring their interests, or pursuing careers like medicine or regional legal practices where the state university graduate schools will suffice, I'm simply not going to pay more than 50 or 60k max for a LAC- especially when I know that paying the 100k sticker only goes to subsidize the social justice wish list of progressive/liberal admissions officers and college administrators. 50-60k works out to be competitive with OOS tuition at good state universities + room/board/living costs/ greek dues, so I think that's about the market level net price for good quality SLACs these days. The bottom line is that SLACs are essentially an upper middle class/upper class luxury product, more or less as they have always been.[/quote]
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