Anonymous
Post 03/16/2022 22:11     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:
Anonymous wrote:No FA from MIT means parents have enough resources. If that was in the plan all along, MIT. And depending on the major, the student may not need a grad degree. Masters seems to be mostly fully paid; PhDs however are usually funded.


OP here. Did not apply for financial aid. DC wants PhD.

If PhD is the goal, paying $320k post tax doesn't make too much sense to me. I also personally know two burned-out MIT grads who decided against pursuing PhD. Going with BK and then go to PhD makes more sense to me.
Anonymous
Post 03/16/2022 22:07     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:My DS had B-K or full pay at Cornell for CS. Is at Cornell. I would have done MD. I think I might choose MIT over B-K though. Congrats!


Op here. This is good to know. Thank you!
Anonymous
Post 03/16/2022 22:06     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:Congrats to you and your child!!


OP here. Thank you! We did not know about BK, and MIT was just a Hail Mary….very surprised about both.
Anonymous
Post 03/16/2022 22:05     Subject: Re:UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:
Anonymous wrote:My DD also got Bannker Key UMD and has Georgia Tech full scholarship, Caltech, waitlisted for MIT. Have money saved up, which one would you choose for CS?


Georgia tech


OP here.

Agree with GT if it is Stamps. Congrats!
Anonymous
Post 03/16/2022 22:04     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:BK full scholarship is not announced yet.
Am I correct OP?


OP here. Just announced this evening.
Anonymous
Post 03/16/2022 22:03     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:No FA from MIT means parents have enough resources. If that was in the plan all along, MIT. And depending on the major, the student may not need a grad degree. Masters seems to be mostly fully paid; PhDs however are usually funded.


OP here. Did not apply for financial aid. DC wants PhD.
Anonymous
Post 03/16/2022 22:01     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
BK full scholarship is not announced yet.
Am I correct OP?
Anonymous
Post 03/16/2022 21:51     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:I feel that this is the honest conversation that ideally needs to happen before application.

320k post tax is a lot of $. On the other hand, they’ll likely recoup this (if economy holds up) in 3 years. Saving $ for grad school is moot; if going into industry, there is little need for grad school in CS.

I told my kids we’d make it work for HYPMS, Caltech and T4 CS. T10 CS needed a longer period of introspection and discussion. Other than this, UVA or UMD depending on which is instate.

Also may be useful to have a discussion now on how you’d expect future internship $ to be applied, or not, to cost of attendance. It can be a substantial $20-30k a year.


With cs the school is not that important.
Anonymous
Post 03/16/2022 21:50     Subject: Re:UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:My DD also got Bannker Key UMD and has Georgia Tech full scholarship, Caltech, waitlisted for MIT. Have money saved up, which one would you choose for CS?


Georgia tech
Anonymous
Post 03/16/2022 21:46     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
I feel that this is the honest conversation that ideally needs to happen before application.

320k post tax is a lot of $. On the other hand, they’ll likely recoup this (if economy holds up) in 3 years. Saving $ for grad school is moot; if going into industry, there is little need for grad school in CS.

I told my kids we’d make it work for HYPMS, Caltech and T4 CS. T10 CS needed a longer period of introspection and discussion. Other than this, UVA or UMD depending on which is instate.

Also may be useful to have a discussion now on how you’d expect future internship $ to be applied, or not, to cost of attendance. It can be a substantial $20-30k a year.
Anonymous
Post 03/16/2022 21:05     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
Congrats to you and your child!!
Anonymous
Post 03/16/2022 20:53     Subject: Re:UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:
Anonymous wrote:My DD also got Bannker Key UMD and has Georgia Tech full scholarship, Caltech, waitlisted for MIT. Have money saved up, which one would you choose for CS?


Caltech


+1
Anonymous
Post 03/16/2022 20:53     Subject: Re:UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:It’s a pre-req that every DCUM poster have a Banneker winner. Amazing.


It’s not unusual for ivy plus students to have a full scholarship offer elsewhere.
Anonymous
Post 03/16/2022 20:50     Subject: Re:UMD full-ride BK for CS OR MIT at full pay — which would you do?
Anonymous wrote:My DD also got Bannker Key UMD and has Georgia Tech full scholarship, Caltech, waitlisted for MIT. Have money saved up, which one would you choose for CS?


Caltech
Anonymous
Post 03/16/2022 20:50     Subject: UMD full-ride BK for CS OR MIT at full pay — which would you do?
No FA from MIT means parents have enough resources. If that was in the plan all along, MIT. And depending on the major, the student may not need a grad degree. Masters seems to be mostly fully paid; PhDs however are usually funded.