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College and University Discussion
Reply to "How Good is A Score of 31 on the ACT?"
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[quote=Anonymous]I just ran the stats on the harvard calculator - they are going to come back and ask for a significant contribution (over $3K) from your child for summer work and also a signifcant work-study program. That's one benefit I had with student loans - I was able to focus completely on my studies without any work/study obligations. Trying to find a summer job paying $3-5K in this market is going to be difficult. Also remember when you say your contribution is $20, it's usually more like $40K because you have to make the money first, then pay taxes, which in our case is at the 50% rate.[/quote]
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