I would only EA not ED Since the price is a driving factor I would start looking at schools like Washington and Lee and their Johnson scholarship(full ride)
I hate to discourage but I think MIT might not be the best chance for your EA. If Harvard is #2 maybe give that a try. They do not use home equity in their aid calculations. You need to find a school with stacking aid. Most that stack seem to be places you would have a good package at. Bowdoin is a great school but not very well known for giving a lot of aid. My kid got a top merit scholarship and it was only $15,000 a year.
Since the EA deadline for both has passed, we can assume he already applied EA to MIT. It is non restrictive.
1 Like
Bowdoin is among the most generous schools when it comes to need based aid. Bowdoin does NOT give merit aid.
Separately, I ran the NPC for a family of 4 with. $150k income, $200k home equity and $80K in asssets and the result was a net COA around $20k…so totally possible OP’s parents results were accurate
4 Likes
During Covid, we lived at the end of the SB peninsula when we got locked out of our country. You live in a lovely place and are so lucky that you attend such an awesome high school! (Your details give away enough to make an educated guess.) I say this because we met two students when we lived there who had gotten amazing FA/merit at Union College and Bard College. One is now in grad school at Yale. Since you are open to small schools, have you considered applying to a few less selective ones where you will stand out? It would be so terrific if you could have a few choices that don’t saddle you with loans.
This topic was automatically closed 90 days after the last reply. If you’d like to reply, please flag the thread for moderator attention.