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Replies to: Fin Aid

  • SWINGDOGSSWINGDOGS Registered User Posts: 26 New Member
    mallomar, I have so much respect for you. Kudos for allowing your child to go to the college of their choosing no matter what strain it will put you in, that's more than a lot of children can say about their parents. You're making a sacrifice and for that I truly respect you. I wish your daughter all the luck getting in to Kenyon, and truly hope that she's happy here.
  • HindooHindoo Registered User Posts: 5,849 Senior Member
    Swingdogs--I think it's wonderful that mallomar is willing and able to send her child to the college of her dreams. And Kenyon is, indeed, a fantastic school! I'm a great admirer of Kenyon--I fell in love with it when we visited--three times! But it's unfair to imply that those of us who cannot do the same as Mallomar are somehow undeserving of "respect," or, perhaps, simply love our offspring less. For us, a middle-class family with a pre-tax $100,000 annual income and no need-based aid forthcoming when our older daughter entered college in 2006, Kenyon's small merit offer made it virtually impossible for her to attend. It would have been fiscally irresponsible of us, as older parents nearing retirement age, to plunder our IRAs, empty our savings accounts, re-mortgage the house, take out big loans, and basically go into hock up to our eyeballs in order to pay the annual $40,000 out-of-pocket it would have cost to finance her Kenyon education. It would have been equally irresponsible to insist that she assume a huge debt that would have haunted her for years post-graduation, simply because she believed that this was the ONE and only place where she could be blissfully happy. My daughter is now extremely happy at a very good, though somewhat less glamorous school, that has given her an outstanding financial aid package, a million wonderful opportunities, and the dream of graduating without a ton of debt. Between our two girls, (a freshman and sophomore) we now qualify for some need-based aid, but still must struggle to pay $50,000 a year out-of-pocket for them to attend great schools that may or may not have started out as the colleges of their dreams. (Both could have attended in-state public schools with a full-ride.) To do so, we're making every sacrifice imaginable, short of bankrupting the family--driving high mileage old cars, living in a modest home, and skipping vacations. So, I refuse to feel guilty.
  • mallomarmallomar Registered User Posts: 83 Junior Member
    Hindoo, our D would not be going to Kenyon if we were putting mutiple children through college. period; I credit you for figuring out how to make it work; I'm not sure what I would do if there were multiple tuitions.

    And Swingdogs, each of us has our reasons for making the financial and other decisions we do; I do think that everyone on CC wants to do the best for whatever their situation is. Aside from the students here, CC is filled with engaged passionate parents who want nothing but the best for their kids. Sometimes the reasons parents make the choices they do are not readily apparent.

    I am not sure that we would be as willing to pay this much out of pocket if our D wanted to go to Carlton, Smith or other wonderful LAC. We first fell in love with Kenyon when our D's older sister was looking at the school for herself. Very unfortunately, she died before making a college decision. Our sending THIS D to Kenyon is more an emotional than financial decision. If we had also put two through college we would be more likely looking at schools that offered money or at public institutions.

    Although we may all end up in the same place.... the paths are all unique.
  • momonthehillmomonthehill Registered User Posts: 1,307 Senior Member
    First of all, Mallomar, my condolences for the loss of your older daughter. Congratulations upon your younger daughter's acceptance to Kenyon. I wish her a joyful and productive experience there.

    Thank you all for your thoughtful responses. It's early days yet for my daughter; she's still a HS sophomore, but we're starting to brainstorm colleges to visit over the next 12-18 months. She's very passionate about English Literature and Creative Writing, so Kenyon is of particular interest to her, as are some other LAC's. (Hindoo, I remember you from the Skidmore sub-forum..interestingly, my D is also interested in Carleton. :) )

    I know that favorite colleges are bound to change, but I was just looking at things from purely an admissions stats perspective. But I honestly cannot disregard the financial risk. As your responses have suggested, I'm guessing that she's probably going to stick to either RD, or rolling, applications. Thanks again, for your feedback.
  • SWINGDOGSSWINGDOGS Registered User Posts: 26 New Member
    I apologize, I didn't mean to offend or come off as disrespectful, I think the fact that you're using CC to be active, knowledgable, and supportive in your child's college process is a testament in itself. Again, I'm sorry, I didn't mean to cause or imply guilt, but Mallomar's story really caused a surge of emotion and respect within me.
  • HindooHindoo Registered User Posts: 5,849 Senior Member
    Swingdogs--I apologize for going off in post #33. The financial situation we've found ourselves in, in regard to colleges, has been frustrating beyond belief! And more than a little scary, truth be known.
  • KatjaKatja Registered User Posts: 34 Junior Member
    Mallomar, I'm so sorry for the incredible loss of your oldest daughter. I can't even begin to imagine what this loss has been like for you & for your family.

    To all of you, thanks for your comments re Olaf, Carleton, Kenyon & Wooster. We'll still "check them all out", but your comments the schools, their caliber, & their merit aid are quite helpful. Thanks.

    What do you all think Kenyon is really great at? What is drawing all the almost Ivy kids to Kenyon? I've always heard of their strength in writing, but I know so little about Kenyon's strengths academically. Also, do the Kenyon faculty tend to relate closely with the students?

    thanks!
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