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I can understand where the OP is coming from, though. Our valedictorian this year got into Amherst, and I don't know exactly how rich her family is, but I know that they would've been able to cover it for all four years. Instead, she's going to UT-Austin--albeit a good school, with a full ride and the honors program, I can just see her more at the top LAC than an impersonal state U.
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My son was a valedictorian and "settled" for UT (haha
just kidding, he didn't apply to any other school but UT!). He has absolutely LOVED it there, has gotten accepted into their extremely prestigious Integrated MPA program (#1 in the country - higher than any ivies including Wharton at Penn) and wouldn't trade the college experience he's had for anything in the world!
To each his own!