<p>Dad, none of us can tell you how your son’s college apps will turn out. You could continue to invest in a chess coach, he could attain phenomenal success on the chess circuit, and the day the Adcom reads his application and essay about chess at Stanford or Harvard might be the day the Adcom read 15 other essays about chess- one of them written by a kid who was raised by a single parent in a homeless shelter. That kid in- your kid out- nobody’s fault, it’s just the way it goes. Or the kid could be living with CP or be deaf and blind, or his dad is Bono. People magazine ran a feature about a kid at MIT majoring in Aero/Astro whose mom had resorted to collecting cans and bottles to pay for food. Quite a compelling life’s story- you just don’t know who else is in the application pool with your kid’s “hook”, and compared to other kids, even your kids stellar hook might fall short of the mark.</p>
<p>The best way to maximize your chances at need based aid is to be poor- low income and no assets, so go for it. The best way to maximize your relationship with your son is to let his interests and goals lead the way, with you providing logistical support (transportation, finances, etc.) if and when he needs it. There are plenty of Ivy grads with miserable family relationships and terrible professional lives, and there are plenty of grads of “nowhere state college” who have become hugely succesful with enriching family lives and loving relatives. If you support your son in any way you can without making him feel like a loser because he’s not his sister, you are likely to have a better outcome.</p>