Oh okay, well thank you for letting me know! I was curious about it.
@HSsenior1596 You’re welcome!
chance me!
ACT: 33
GPA: 4.7
4 APs
Top 10 percent
Strong essay and supplement
EC: 4 year athlete and captain, 4 year math club member, 4 year volunteer at local organization, manager at paid job, peer tutor
Applied ED to CSOM
Solid. Keep up the great work and keep your options open.
ED notification date says by 12/15 but I bet they will be released late on the 13th. The 15th is a Sunday, decisions are usually released on Friday afternoons and last year, EA notices were scheduled for 12/20 but actually went out on 12/18.
FYI, my daughter received an email today saying ED1 decisions will go out the evening of December 5. Good luck all!
Hi guys! Chance me! I applied ED I.
Political Science major
GPA: 4.2 weighted (school that is pretty well ranked)
Superscored ACT: 32
8 AP’s including this year
4 on AP biology, 5 on APUSH, 5 on AP Lang (AP scholar)
Extracurriculars:
secretary student council
founder of a club and president
community service club
family responsibilities with my brother (pick up, drop off, cook dinner, etc… 5 days a week)
different programs (some colleges) that have to do with law (law camps essentially)
chosen for a youth advisory council of a congressmen
Also, I’m Latina. (if that helps).
please lmk!
I think you’ve got a decent shot. May come down to your essay. Latina does help.
My Daughter applied RD because we were worried about financial piece… now I’m wondering if I should have encouraged her to do ED and hope we could afford it!
Her stats:
4.2 W GPA
1480 SAT
Mostly honors and 6 APs
4 years soccer 1 year captain
2 years tennis
4 years basketball (recreational)
3 years Unified sports basketball peer athlete
4 year student council
3 years Latin club
Power of Words
EMT program (will be certified by end of school year)
NHS
100 hours plus volunteer hours
Swim coach for children with disabilities
Works 10 hours a week
Many of her friends are hearing from large rolling admission schools and I am trying to have a level realistic idea of how likely it is that she could be accepted!
Thanks for any input! And best of luck to everyone!
@ccgirl296 Which college is she applying to?
You can get a good idea of your expected contribution by using the net price calculator for BC. We were told BC was not a very generous school but actually found them to offer terrific financial aid.
With good essays and recommendations she sounds like a good candidate for BC. Good luck.
@ccgirl296 Sounds like she’s got a decent shot at getting in. Solid SAT, coursework and they will really like the volunteer work. I thought the financial aid package was very generous but I did hear that home values have an effect on the results.
She is applying to the School of Nursing
I forgot to add that she has been shadowing nurses, and has volunteer in the ER and do ride alongs with EMTs as part of her EMT program. Hoping that helps too.
She wrote her essay on her experience of watching her younger sister go through her life with a cardiac defect… this past spring she had major surgery and almost died (at Boston childrens) and how sitting in the ICU with her changed her life and made her realize that she no longer wanted to be a doctor but a nurse.
I’m thankful she has found something so meaningful to her… and is wanting to give back to the profession that saved her sister’s life. Hopefully she is able to find a suitable nursing program in Boston Bc it is her dream.
Thanks so much for all the advice!
Thank you!
That’s interesting! We live in a very modest home in rural CT…
not Fairfield County modest though
Correct. For the lower income folks, BC aid can be excellent. But home equity can play a significant role. Many Unis ranked higher than BC cap or waive home equity in their calculation of financial need, so their aid is considered much more generous than BC. Others have replaced federal loans with grant aid.
But BC does not waive/cap equity in its calculation of need. This really affects those home owners in HCOL areas who might have purchased their homes years ago.
Or folks who plow money into their home and don’t bother with the pesky 529 or outside savings. If they have all three, they’re not getting aid.
Why should the family saving for college and has a mortgage be disadvantaged compared to the same family or one with more disposable income that knows this and puts all of their savings into their 750k house, shielding from this test. Add a heloc just in case.
I see zero problem with closing this loophole. The funds used to pay for home or excess equity was a choice of placement not a different level of liquid cash which is saved by others for college. It’s fair.
There is no loophole. No one said it wasn’t fair. It’s BC’s money and they can spend it how they see fit. But let’s be clear of the impact.It’s a matter of competition for high quality middle class students who live in HCOL areas, i.e, both coasts.
Not all home equity is a matter of plowing extra cash into the home instead of a 529. It could be a 3BR tract home originally purchased for $300k now with $900k, due solely to appreciation. Sure, the owner could take out a second or HELOC, but what if the salary/wages have not gone up at the same rate? How does one expect to make the payments?
The schools ranked above BC generally treat home equity differently than does BC, and are considered ‘more generous’. For example, Stanford does not use home equity at all. The schools ranked below BC generally do not meet full financial need, so the equity issue is moot; instead, private schools like 'Nova offer merit aid to middle class families and poach kids from BC. It’s just the way competition works, and BC is ok with that. (Even if many parents are not every April.)
Obviously, if a family runs the NPC and the estimated aid works for their budget, great, apply ED. But for the masses, ED is likely not the best financial deal as it eliminates the ability to compare offers. (I personally think BC is worth more than merit money at say, 'Nova, but then I can only view that decision thru my own family’s lens.)
For someone trying to game the system it is a bit of a loophole. And as a school with a much larger pool of students than many of the schools you mention and a large but not as large endowment. It’s practicality for them at this time.
Truly financially needy get lots of help. And most get solid aid. But I’m sure there’s a donut hole out there and it is tough for sure.
In the end How many people fall into the 600k appreciation category for the tract home outside of Menlo Park and being also unable to afford the upcharge of less in fin aid.
There’re some. But if everyone knows home equity doesn’t count but assets do - why not take out a heloc for emergencies and eschew savings for the shelter. You could do it a year before you apply.
Some schools have no problem with this and that’s ok too. I think the vast majority of homeowners have to make the decision with excess funds to save or invest or perhaps aggressively build equity. It’s a hard asset but still an asset.
And for those with home equity and little savings or the extra cash flow needed, it will make bc more expensive.
If it happened solely because of price appreciation that is a bit harsh. But for the most part the difference of 50 or 100k in home equity in the css isn’t a real world deal breaker.
Perhaps as the endowment grows even larger they’ll change this protocol.
.
When I win the lottery, that will be my first contribution.