Accepted to Columbia without aid

mom2collegekids
Sun, 18 May 2014 14:32:16 +0000

There you go…pre-pay all four years now.

Sybbie is right, the way that you framed your first post (didnt apply for aid because it isnt need blind) does sound that you gamed the system (otherwise why mention that at all since it sounds like you wouldn’t have qualified for aid anyway with all of your assets). Your child was likely accepted overly similarly qualified int’l students due to the ability to pay. (I think some of these full-need schools are starting to realize that it is too hard to adequately verify what these int’l families really have financially since so many have unclaimed properties, accts, etc)

your son would only have very limited ways to earn money because his visa wont allow him to work much. Many employers, co-ops, internships will not accept int’ls for a variety of reasons, including security concerns regarding proprietary information.

so, pre-pay and feel satisfied that you can do so, and you will protect yourself from both unfavorable rates and tuition increases (that is probably a $10k+ savings right there.)

another option (maybe), put the funds now in a US investment entity with the current exchange…mutual funds, whatever. I dont know if that is possible, but it may be an option.