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[quote=Anonymous][quote=Anonymous][quote=Anonymous]HYPSM Period

Once you get beyond that pedigree, it's better to go for the merit aid a slightly lower ranked school.[/quote]

What is HYPSM?[/quote]

Harvard, Yale, Princeton, Stanford, MIT.

This list is all about name recognition. I disagree that name recognition is what's most important - it's about schools that have great, engaged profs and/or or any school that will give your kid an education that's highly regarded in the field of his/her choice. In some fields, where you got your degree is very important. In other fields, not so much.

As an economist, I also have to point out that the basic equation is about maximizing your happiness (well, that's a short word for it) subject to your budget constraint. So, if you can easily pay for great SLACs or "2nd tier" Ivies without batting an eyelash, and what they offer is important to you, then go for it. If paying $55-60k/year will cause your family much distress in the form of taking a second job, delaying retirement, fewer options for the other kids, selling the house - then even though you value what the SLACs/Ivies have to offer you might, or might not, see this trade-off as being worth it. It's a highly individual decision, depending on your values and your budget.[/quote]

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