Reply to How Good is A Score of 31 on the ACT?

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[quote=Anonymous][quote=Anonymous][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]

My college student DCs worked retail last summer. One earned $3500 working part time, the other $5500 working full time. That's not an unrealistic expectation unless you want to do an unpaid internship every summer. In the job search for this summer the retail experience on the resume seems to be a good thing. Customer service experience, etc. [/quote]

For cripe's sake, my *high school* student works 8 hours/week scooping ice cream and has managed to save almost $1000 since November. But maybe that's too much hard work for some of the special snowflakes out there.  :roll: [/quote]

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