Reply to How do you grapple with the cost of expensive colleges?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I have a hard time believing that potential Ivy/Stanford admits are being counseled into UVa and UM due to cost. [/b] It does seem that earnings between about $150K and $230K are basically confiscated by the schools, because we put 3 kids through very expensive privates on a $120K income and received about 60% grant aid doing so.  We also did a $220K cash-out refinancing of our mortgage to pay the bills.[/quote]

Well, believe it.  It is true.

Half of the Blair SMAC magnet goes to UMD-CP every year.  Do you think none of those students are qualified to attend Ivies and the like?  They go to Maryland because their parents are in the donut hole and cannot afford $70K/year X multiple kids, and because many of them receive a free ride at UMD.[/quote]

This is us (but not from Blair). Kid is @ UMD on a full ride. 529 money will be used for med school. [/quote]

Congrats on the full ride to UMD. Did he get into an elite school?

The half of the students going to College Park or VT or UVA from Blair or TJ are mostly not going to get into the Ivies+.  Too many of their classmates with better scores and grades are already going to the elites and leave little room for them. [b]Given the yields (and financial aid) at the elite schools, it is highly unlikely (but not unheard of) for a student to turn them down for a state school. [/b]I would not believe my neighbor claiming his VT bound CS student turned down Carnegie-Mellon and Harvard unless he has acceptance letters and then think he was dumber than he looks.  [/quote]

What do you mean? Are you saying no one CANNOT afford an Ivy education? You think they give EVERYONE full rides?[/quote]

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