Reply to Got a Smart Kid Applying for College Anytime Soon? Read this NYT Article (if you haven't yet)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]One thing I noticed: Ivies do accept people who have not got a change in !@$$ of going there. That has happened to several friends kids. Make HHI over $100K -- that is two school teachers in the DC area. So you get accepted, but not being eligible for aid, you decline. Who is going to take out a loan for $230K to go to an Ivy? The rich of course.[/quote]

That doesn't make any sense at all. First, the Ivies have the highest yield rates, a key measure of desirability. So they wouldn't push their yields down by admitting kids they know won't attend. Second, the Ivies are the richest institutions out there. So they have more money to spend on financial aid than public universities. anyone worried about affordability of the Ivies should check out the net price calculators on their websites. In general families earning less than $150,000 will find that the Ivies have remarkably low costs after financial aid is included. If you make $100,000 your kid will likely get a grant that would cover all of tuition ($45k+) and it would be cheaper to go there than many state schools. Because of their wealth, all of the Ivies commit to providing enough aid to match the expected family contribution, so they never underfund the aid package like commonly done at most other schools.

My point is just that top-notch middle class kids should never let the sticker price scare them away from applying to the Ivies. [/quote]

You can apply, but an upper middle class family in the DC area (HHI $250) will not get aid.[/quote]

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