Anonymous wrote:How did you determine ROI?
I have a sophomore in college. In hindsight, distance from home was more important than I could have predicted. I don't think it's true for every kid. Overall I don't regret the decision because the school met the thing highest on his priority list.
I also have a senior in high school so going through it again. I'm not necessarily doing anything different because only time will tell if a decision was correct. I'm a bit more mindful this time of how many kids change majors even those who are 100% certain.
Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?
Anonymous wrote:Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?
Besides finances, you let your kid decide. And in reality the financial aspect should have been discussed in detail a long time ago (before applying)
You want them to succeed, and when they have issues freshman year (trust me, they will have some issues) the last thing you want is them "blaming mom or dad for forcing me to come to this college"
Anonymous wrote:
How are you comparing offers?
Anonymous wrote:Anonymous wrote:Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?
Besides finances, you let your kid decide. And in reality the financial aspect should have been discussed in detail a long time ago (before applying)
You want them to succeed, and when they have issues freshman year (trust me, they will have some issues) the last thing you want is them "blaming mom or dad for forcing me to come to this college"
Finances were discussed initially, private schools that didn't offer merit never made the list, a budget range was set, then financial offers compared when received.
The choice was DD's, but she needed help comparing. If our rankings came out very different, we would have talked about it, but it still would have been her informed choice. In the end, our rankings were mostly the same, which was validating and eased some of DD's stress, especially given the cost of the preferred option. While it was at the high end of our price range (we wouldn't have let her apply otherwise), we all agreed it was worth it.
Anonymous wrote:How did you determine ROI?
I have a sophomore in college. In hindsight, distance from home was more important than I could have predicted. I don't think it's true for every kid. Overall I don't regret the decision because the school met the thing highest on his priority list.
I also have a senior in high school so going through it again. I'm not necessarily doing anything different because only time will tell if a decision was correct. I'm a bit more mindful this time of how many kids change majors even those who are 100% certain.
Anonymous wrote:Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?
Besides finances, you let your kid decide. And in reality the financial aspect should have been discussed in detail a long time ago (before applying)
You want them to succeed, and when they have issues freshman year (trust me, they will have some issues) the last thing you want is them "blaming mom or dad for forcing me to come to this college"
Anonymous wrote:Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?
Besides finances, you let your kid decide. And in reality the financial aspect should have been discussed in detail a long time ago (before applying)
You want them to succeed, and when they have issues freshman year (trust me, they will have some issues) the last thing you want is them "blaming mom or dad for forcing me to come to this college"
Anonymous wrote:DD asked for my help coming up with a system to compare acceptance offers holistically the way colleges compare students. Together, we came up with a matrix that may be useful to others.
Factors: Academics, Outcomes/ROI, Cost, Student/Faculty Ratio, Major, Minor/ECs, Campus, Community, Distance
Importance/Weight: Very important (5), important (4), considered (3)
Scale: 1 (worst), 2, 3 (best)
Colleges: She received six offers
First, we (DD, DH, and DW) decided together on what factors to consider and then each of us weighted them slightly differently. For example, DD and I gave Student/Faculty Ratio a Very Important (5) but DH weighted it as Important (4). We all ranked Cost as Very Important and Distance (from home) as Considered. Other factors varied in importance.
Scores were also very different. We created a spreadsheet to compare. It was a great exercise to talk about priorities together and ensure everyone felt heard. In the end, we let DD choose and she felt really confident about her choice. DH and I also felt good about it, even though it was the most expensive option.
How are you comparing offers?