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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid is attending a private that cost $75k a year.  She got significant merit scholarships that have us paying about $40k/year out of pocket.

That’s why.[/quote]

Did you know (through Net Price Calculator or other means) that she had a good chance of receiving a significant merit scholarship BEFORE applying to that school?  Otherwise - if $40K was your limit - you could have had a very disappointed kid. [/quote]

Yeah, I think they just wanted to brag about the scholarship.[/quote]

+1. Note also they didn’t provide the name. That’s because it’s not an elite school. Elite schools don’t have to give large merit awards in order to compose the class they want[/quote]

And?  So what?

My kid got $34K at Oberlin which enabled her to choose it over in-state options.  It is not elite but it is what she wanted and we can afford it.

What is your point?[/quote]

Do you mind sharing whether the 34K was all merit and what year it was?  That would be a good number if available to us, but I had heard that 25K was top merit the last year or so.[/quote]

Yes, all merit.  Graduated from high school in 2020.[/quote]

If your kid has the stats to get into a top 20 university, but doesn’t get admitted to those, they are likely to have quite a few generous offers from lower ranked schools. My 2022 grad was offered $35,000 from several schools ranked in the 50 - 70’s. Not Yale, but very good schools. He could have attended our state flagship for the cost of room and board, and scholarships from other flagships would have brought the cost down at those schools to the $20s.

I’d encourage people to be honest with kids about finances, especially at the very top schools that don’t offer merit aid, but you also don’t know what the answer will be until you try. [/quote]

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