The cost of an Ivy League undergrad degree next year….

[an]

[quote=FlyerInHi]Flyer, maybe people who don’t value top schools because they know deep down that they or their kids aren’t “Ivy material.”[/quote]
Damn, you got us.

[nla]

[quote=cvmom][quote=bearishgurl]If you already know filing a FAFSA won’t do you or your student any good, then don’t file one.[/quote]

Does anyone else have a perspective on this? With our income in the junior/senior year >$400K there is zero chance for aid from Ivy or any other school, I would think. So why go through all the time/energy to fill it out? Any reason? Or can we skip it?[/quote]

For that income, you don’t need to apply for FA. There’s a checkmark on the Common App for that. It may or may not help your kid application depending on the school. IVies/MIT/S are “need blind” so not applying to any FA has no bearing to your kid application. Of course that’s what they say.

There are schools though that are “need aware”. WUSTL is an example of a need aware school. So in this respect, it helps your kid’s application.

The only reason that you may need to file FAFSA is when your kid is applying to any merit scholarship (not to Ivies though, they only award need based grants) and the school requires you to file in order to be qualified as an applicant to the scholarship.

Another reason to apply FA even if you know that you are not qualified for any need based aid is some schools would not let you apply to any FA after Freshman year if you didn’t apply Freshmen year. This is important because some families’ income/asset might change.

Bottomline, you need to research every school. Every school has their own unique rules regarding FA.

[Coronita]

[quote=scaredyclassic]this month’s issue of MONEY magazine lists best 20 year ROI for degrees, from no. 1 to no. 10:

1 harvey mudd
2. caltech
3. stevens inst of tech.
4. co. school of mines (in state tuition
5. babson coll.
6. stanford
7 MIT
8 georgia institute of tech
9. princeton
10. co. school of mines (out of state tuition

20 year r.o.i. ranging from a high of 985k for no. 1 (over and above tuition paid) to 771k for no. 10

princeton barely clawed its way on there to represent for the ivies, presumably harvard yale etc do less well…

there ya have it. straight from money mag. a magazine i hate, but which for some reaosn I subscribed to last yr. this is my last issue. i hate this magazine. hate it. the offer was so cheap whowever i just sent the damn thing on in on a whim. dumb. i cant even articulate why i despise this magazine so much.

was gonna renew my oldsubscription to adbusters, sort fo the anti-money magzine but itwas too much money. no discounts. 50 bucks for 4 issues. just horrifically depressing, dystopian disaster. no stats on ROI for university degrees. just screeds against corporate evil destruction. althugh now i see its a little cheaper if i subscribe ont he internet.

since harvey mudd is 50k a year tuition, kid ahs to make 100k to get that million dolalr return over 20 years.

i think a kid is way more likely to get a better return on investment from a mere 8k investment as an engineering student at a cal state school.

obviously theres more to the equation than just ROI, but still…

point is…

ivies dont get the return on investment these schools do, on average…[/quote]

You pay for magazines? I just use my miles on random airlines that I won’t ever get a free ticket for…

[Coronita]

[quote=bearishgurl] One step at a time, especially for a freshman away from home for the first time!
[/quote]

I thought it was fun to see the seasons change going from the west coast to east coast

[quote]
Your kid still has to focus and pass all their classes and you (as a parent) can’t hold their hand anymore.
[/quote]

Not when you could have AP’d out of your first year, but decided to take it easy the first year, and repeat some of your classes while taking new ones. In fact, it’s even better if the first year, you used the same exact textbook and homework assignments as your AP class in senior year.

[quote] Distractions abound on a college campus (esp a large public university campus) and so your kid has to be focused and self-motivated in order to graduate in 4-4.5 years. And very, VERY assertive and decisive on their scheduled dates and times for ongoing class registration!
[/quote]

Actually, I never had a scheduling problem for all my classes. Afterall, you don’t have this problem at any private schools, ivy or not. The only class I wasn’t able to get in was “Wine Tasting” offered by the hotel adminstration school, because everyone wanted to take that class.

[Coronita]

The thread that keeps giving. I’m so sorry I brought this thing up.
I was more sticker shocked than anything else.

But flyer’s right. It’s probably harder to get in than being able to afford to pay for it.And by “ivy”.. I don’t mean just “ivy”. I mean any elite school public or private (MIT/Stanford/Berkeley,etc)

The funny part was I got into the ivy’s but got rejected for Berkeley EE/CS, and admitted into every other UC school. I was asked to re-apply for spring admissions. In hindsight, that was probably a good thing… I might have turned into a extreme left liberal if I went to Berkeley, if I got in….HA!

[FlyerInHi]

[quote=flu]

But flyer’s right. It’s probably harder to get in than being able to afford to pay for it.And by “ivy”.. I don’t mean just “ivy”. I mean any elite school public or private (MIT/Stanford/Berkeley,etc) [/quote]

Yes.

I’m sure, however, that scaredy’s kids are Ivy material. They were probably too busy having fun instead of cramming for exams. I bet they got good grades while hardly trying.

[an]

[quote=flu]But flyer’s right. It’s probably harder to get in than being able to afford to pay for it.And by “ivy”.. I don’t mean just “ivy”. I mean any elite school public or private (MIT/Stanford/Berkeley,etc) [/quote]Well, it’s really not that hard to get in if you have the cash. The one question I still remember in my Stanford application… I’m paraphrasing but it goes something like “Is your family name on any building”. In another word, are you filthy rich. If you are, I’m sure you’re “in the club”.

[flyer]

OK, folks, when I said “Ivy material”–I meant from a purely academic perspective–no slur intended–some kids are ready and some are not–especially when it comes to Ivy med schools–as our kids found out when they were competing to get in. Money aside, they definitely earned it.

[Coronita]

So I guess the lesson to learn here is that, if you want your kids to make $10million, give them $9.8million to start out with.

Looks like i better get busy.

[FlyerInHi]

[quote=AN] Well, it’s really not that hard to get in if you have the cash. The one question I still remember in my Stanford application… I’m paraphrasing but it goes something like “Is your family name on any building”. In another word, are you filthy rich. If you are, I’m sure you’re “in the club”.[/quote]

Or the child of an alumni, or have a have a recommendation from someone very influential.

I’m sure that son of the Secretary General of the UN would get in unless he’s a total idiot.

But yeah, I agree that “Ivy material” means academic.

[FlyerInHi]

[quote=flyer]OK, folks, when I said “Ivy material”–I meant from a purely academic perspective–no slur intended–some kids are ready and some are not–especially when it comes to Ivy med schools–as our kids found out when they were competing to get in. Money aside, they definitely earned it.[/quote]

What did you do so right in your life to have everything work out your way? Slam dunk career, money, smart successful wife, great family, good health, intelligent kids…. I hate you because you’re beautiful!

[an]

[quote=flu]So I guess the lesson to learn here is that, if you want your kids to make $10million, give them $9.8million to start out with.

Looks like i better get busy.[/quote]We all know the 1st million is the hardest to get. If you give them their 1st million, the rest should be pretty straight forward, assuming they have 1/2 a brain.

[FlyerInHi]

I’ve seen trust fund kids piss it all away. Not a sure thing.

[an]

[quote=FlyerInHi]I’ve seen trust fund kids piss it all away. Not a sure thing.[/quote]Yes, and they’re the ones with < 1/2 a brain.

[an]

[quote=FlyerInHi]What did you do so right in your life to have everything work out your way? Slam dunk career, money, smart successful wife, great family, good health, intelligent kids…. I hate you because you’re beautiful![/quote]Why hate? I’m happy for him. Some people are born with more luck than others. You being born in America mean you are more lucky than 99% of the world population.

[Author]

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