That was my post above. Yes, FA is very dependent on your family's situation, and I sort of glossed over this issue when I cited $120k. If you have another kid in college, for example, this may qualify your kid for FA, but having siblings in private school won't help.
Harvard and maybe a few other Ivies have promised to help middle class families with grant aid. But the range of generosity varies. I think it's the case that Harvard, which has the biggest endowment and offers the most generous FA, has promised aid to any family with HHI under $120 (and presumably depending on things like having other siblings in college). This aid is on a sliding scale, so the kid from a family with HHI=$50K is going to get a better package than the kid with HHI=$120k. As I say, Harvard has a huge endowment and can afford to be more generous with FA than any other Ivy. And, of course, your kid has to get into Harvard....
Anonymous wrote:The Ivies don't offer merit aid or FA for family income under $120K.
Could you please provide any reference? I know that HYP offer FA to low income families. Here is a calculator for estimating FA from Harvard. https://college.harvard.edu/financial-aid/net-price-calculator
The ivies and several other top institutions don't offer merit aid, only aid for demonstrated financial need. Sometimes this aid includes subsidized loans in addition to scholarships/grants and work-study, so this is "aid" but perhaps not as most parents who don't want to give their kids a high debt burden see it. Schools with large endowments like Harvard tend to be more generous for qualified students, but one thing to keep in mind is that there are a variety of things that might come into play when you are talking about financial aid. For example, assets, number of people in the family, number of kids in college. For an HHI of $120K, the aid picture is going to look a lot different for a family of 3 where the parents have a healthy amount in savings and assets in the stock market than it will for a family of six with limited savings and a couple kids in college. Perhaps for a typical situation in this area (small family, healthy amount of savings and assets), the aid package might not be super doable for an upper middle class family that is financially risk-adverse. These things are so situation dependent that it's hard to make generalizations--just apply where you are qualified and look at the financial aid packages.
The Ivies don't offer merit aid or FA for family income under $120K.
Could you please provide any reference? I know that HYP offer FA to low income families. Here is a calculator for estimating FA from Harvard. https://college.harvard.edu/financial-aid/net-price-calculator
Anonymous wrote:DC, who has been in private and public schools, graduated from a big MCPS this year and has just started at a top Ivy that I'm sure OP would be happy for her kid to attend.
Here's what we have seen:
- Lots and lots of DC's friends got money, including full rides, to go to UMD and other schools like Temple. I don't consider this a "failure" at all. These were middle class families that needed the money to do college at all. It's been discussed here ad nauseum that FA is hard to get if your family earns more than $50K, and almost impossible to get if your family earns over $100K. The Ivies don't offer merit aid or FA for family income under $120K. For these middle class families I'd definitely call the UMD merit aid package a "success."
- 4-5 of DC's close friends turned down top Ivies that OP would probably love for her kids to attend. I've heard of more kids in this position but I don't know the particulars. This is because they got money, including full rides, at places like Fordham and Georgetown. Again, not a failure in the least, more like a big success.
- Going to private high school is no guarantee that your own particular kid will go to an Ivy. DC has kept in touch with classmates who are in local privates like Sidwell, NCS, Landon and Bullis. It's important to realize that these schools select kids for their top test scores and athletic ability. A much larger percentage of these classes will be applying to Ivies, and your kid will be competing directly against NMSFs and athletic recruits. Sidwell asked about legacy status in DC's year, but in general it's likely that your kid will be competing against more legacy kids in any of the top privates. Also, a much higher percentage of private school kids will be applying ED to ivies with the expectation of being full pay there, and being ED and full pay are huge advantages in admissions.
Anonymous wrote:We're trying to decide whether to start saving for private high school or stay in MCPS. I was very shocked at how bad competitive college acceptance was for MCPS including the four "W" schools. We are not aspiring for Ivy league. Our kids are very smart but normal not gifted. Athletic but not national championship level. I hate the idea of paying for 4 years of private school and then college but I don't want UMD to be the top high stretch goal school and a community college to be the probably choice.
Is there a reason why MCPS grads' acceptances are so incredibly low?
Anonymous wrote:Anonymous wrote:DC, who has been in private and public schools, graduated from a big MCPS this year and has just started at a top Ivy that I'm sure OP would be happy for her kid to attend.
Here's what we have seen:
- Lots and lots of DC's friends got money, including full rides, to go to UMD and other schools like Temple. I don't consider this a "failure" at all. These were middle class families that needed the money to do college at all. It's been discussed here ad nauseum that FA is hard to get if your family earns more than $50K, and almost impossible to get if your family earns over $100K. The Ivies don't offer merit aid or FA for family income under $120K. For these middle class families I'd definitely call the UMD merit aid package a "success."
- 4-5 of DC's close friends turned down top Ivies that OP would probably love for her kids to attend. I've heard of more kids in this position but I don't know the particulars. This is because they got money, including full rides, at places like Fordham and Georgetown. Again, not a failure in the least, more like a big success.
- Going to private high school is no guarantee that your own particular kid will go to an Ivy. DC has kept in touch with classmates who are in local privates like Sidwell, NCS, Landon and Bullis. It's important to realize that these schools select kids for their top test scores and athletic ability. A much larger percentage of these classes will be applying to Ivies, and your kid will be competing directly against NMSFs and athletic recruits. Sidwell asked about legacy status in DC's year, but in general it's likely that your kid will be competing against more legacy kids in any of the top privates. Also, a much higher percentage of private school kids will be applying ED to ivies with the expectation of being full pay there, and being ED and full pay are huge advantages in admissions.
Turning down a top Ivy to go to Fordham seems ridiculous to me when you consider the advantages over the long run.
Anonymous wrote:DC, who has been in private and public schools, graduated from a big MCPS this year and has just started at a top Ivy that I'm sure OP would be happy for her kid to attend.
Here's what we have seen:
- Lots and lots of DC's friends got money, including full rides, to go to UMD and other schools like Temple. I don't consider this a "failure" at all. These were middle class families that needed the money to do college at all. It's been discussed here ad nauseum that FA is hard to get if your family earns more than $50K, and almost impossible to get if your family earns over $100K. The Ivies don't offer merit aid or FA for family income under $120K. For these middle class families I'd definitely call the UMD merit aid package a "success."
- 4-5 of DC's close friends turned down top Ivies that OP would probably love for her kids to attend. I've heard of more kids in this position but I don't know the particulars. This is because they got money, including full rides, at places like Fordham and Georgetown. Again, not a failure in the least, more like a big success.
- Going to private high school is no guarantee that your own particular kid will go to an Ivy. DC has kept in touch with classmates who are in local privates like Sidwell, NCS, Landon and Bullis. It's important to realize that these schools select kids for their top test scores and athletic ability. A much larger percentage of these classes will be applying to Ivies, and your kid will be competing directly against NMSFs and athletic recruits. Sidwell asked about legacy status in DC's year, but in general it's likely that your kid will be competing against more legacy kids in any of the top privates. Also, a much higher percentage of private school kids will be applying ED to ivies with the expectation of being full pay there, and being ED and full pay are huge advantages in admissions.
Anonymous wrote:DC, who has been in private and public schools, graduated from a big MCPS this year and has just started at a top Ivy that I'm sure OP would be happy for her kid to attend.
Here's what we have seen:
- Lots and lots of DC's friends got money, including full rides, to go to UMD and other schools like Temple. I don't consider this a "failure" at all. These were middle class families that needed the money to do college at all. It's been discussed here ad nauseum that FA is hard to get if your family earns more than $50K, and almost impossible to get if your family earns over $100K. The Ivies don't offer merit aid or FA for family income under $120K. For these middle class families I'd definitely call the UMD merit aid package a "success."
- 4-5 of DC's close friends turned down top Ivies that OP would probably love for her kids to attend. I've heard of more kids in this position but I don't know the particulars. This is because they got money, including full rides, at places like Fordham and Georgetown. Again, not a failure in the least, more like a big success.
- Going to private high school is no guarantee that your own particular kid will go to an Ivy. DC has kept in touch with classmates who are in local privates like Sidwell, NCS, Landon and Bullis. It's important to realize that these schools select kids for their top test scores and athletic ability. A much larger percentage of these classes will be applying to Ivies, and your kid will be competing directly against NMSFs and athletic recruits. Sidwell asked about legacy status in DC's year, but in general it's likely that your kid will be competing against more legacy kids in any of the top privates. Also, a much higher percentage of private school kids will be applying ED to ivies with the expectation of being full pay there, and being ED and full pay are huge advantages in admissions.
Anonymous wrote:Anonymous wrote:
This might be true, but IMO, it lacks a "true college experience". I wouldn't want my child to go to UMD, and at our private school (not a Big 3) it's considered a failure to go to UMD.
This says a lot more about the people at your private school than about UMD.
Why would you not want your child to go to UMD?