Anonymous
11/27/2018 20:49
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Anonymous wrote:Are you sure you wouldn't qualify for any financial aid? Have you run the EFC calculator for Villanova? Admission might be a reach, but you never know!
I think we are in the donut hole. HHI of $ 170-180. Plus 529 and house value (even though we still owe quite a bit!) and no other major debt. DS is the oldest and we still pay for child care ?. I did the net cost calculator online and we get offers for loans but that’s it. I really don’t want him to have to take a loan for undergrad.
Your income qualifies for aid. House value doesn’t matter. Only issue is 529. Hopefully you aren’t penalized for being responsible savers.
Yes, run the Net Price Calculator at every school you are considering. It does look like there is grant aid (not a loan) at Villanova with your income so do you have a lot in the 529?
Anonymous
11/27/2018 20:49
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:What's wrong with taking out loans? Everyone I knew did except for one friend. She was an only child and her parents sent her to Mt. St. Mary's which may be of interest to your son. She called me when she went to grad school and asked me, "So I am taking out a student loan. Does a loan mean I have to pay it back?" OMG. Loans mean your kid has some skin in the game.
Kid himself can only qualify for around $5500 federal student loan. Beyond that, mom and dad or somebody must cosign—and cosign means you and your credit are totally on the hook if your kids flakes.
That's $5500 you don't have to pay yourself. Why the reluctance? I took out the maximum each year and paid it back within 6-7 years. I also took out graduate loans and paid them back too. The interest rates are pretty low.
Anonymous
11/27/2018 20:28
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Villanova
+1
+2. Or St. Joe’s in Philly.
Anonymous
11/27/2018 20:22
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Duquesne
Anonymous
11/27/2018 19:28
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Are you sure you wouldn't qualify for any financial aid? Have you run the EFC calculator for Villanova? Admission might be a reach, but you never know!
I think we are in the donut hole. HHI of $ 170-180. Plus 529 and house value (even though we still owe quite a bit!) and no other major debt. DS is the oldest and we still pay for child care ?. I did the net cost calculator online and we get offers for loans but that’s it. I really don’t want him to have to take a loan for undergrad.
Your income qualifies for aid. House value doesn’t matter. Only issue is 529. Hopefully you aren’t penalized for being responsible savers.
Anonymous
11/27/2018 19:20
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Fordham, College of the Holy Cross, Villanova (although that might also be a stretch)
Was also going to say Holy Cross. Do a campus visit.
Holy Cross would not be financially feasible for this family.
Anonymous
11/27/2018 18:58
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:What's wrong with taking out loans? Everyone I knew did except for one friend. She was an only child and her parents sent her to Mt. St. Mary's which may be of interest to your son. She called me when she went to grad school and asked me, "So I am taking out a student loan. Does a loan mean I have to pay it back?" OMG. Loans mean your kid has some skin in the game.
Kid himself can only qualify for around $5500 federal student loan. Beyond that, mom and dad or somebody must cosign—and cosign means you and your credit are totally on the hook if your kids flakes.
Anonymous
11/27/2018 18:56
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Fordham, College of the Holy Cross, Villanova (although that might also be a stretch)
Was also going to say Holy Cross. Do a campus visit.
Anonymous
11/27/2018 18:13
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
What's wrong with taking out loans? Everyone I knew did except for one friend. She was an only child and her parents sent her to Mt. St. Mary's which may be of interest to your son. She called me when she went to grad school and asked me, "So I am taking out a student loan. Does a loan mean I have to pay it back?" OMG. Loans mean your kid has some skin in the game.
Anonymous
11/27/2018 16:43
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Are you sure you wouldn't qualify for any financial aid? Have you run the EFC calculator for Villanova? Admission might be a reach, but you never know!
I think we are in the donut hole. HHI of $ 170-180. Plus 529 and house value (even though we still owe quite a bit!) and no other major debt. DS is the oldest and we still pay for child care ?. I did the net cost calculator online and we get offers for loans but that’s it. I really don’t want him to have to take a loan for undergrad.
Anonymous
11/27/2018 16:34
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Apply and see if he gets in. I went to two schools named here and I was an ok student but nothing amazing.
Anonymous
11/27/2018 16:28
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Are you sure you wouldn't qualify for any financial aid? Have you run the EFC calculator for Villanova? Admission might be a reach, but you never know!
Anonymous
11/27/2018 15:03
Subject: Re:s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Dayton is a fan favorite at our Catholic HS.
It looks good - been checking it out online. Also John Carroll.
I graduated from there 15 years ago. Nice enough school, but pretty boring. Not that there isn't partying, but it's very homogeneous.
Anonymous
11/27/2018 14:59
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Holy Cross
Villanova
+ Dayton
Anonymous
11/27/2018 14:41
Subject: s/o BC thread - Recs for kids who won't get in to BC or ND
Anonymous wrote:Anonymous wrote:Holy Cross
Villanova
+1
-1
Holy Cross is $70K per year and they give exactly three merit scholarships per year: one to a classics major, one to a music major, and one to a Worcester resident. That’s it.
And if OP’s son doesn’t have the chops for BC, merit aid at Villanova is very unlikely. Hell, even admission. It’s gotten competitive.