<p>AFA</p>
<p>“Needless to say,an acceptance by Wharton would just mean I will suck it up and take out a second mortgage.”</p>
<p>We were in a similar situation in 2004 with or son. He was accepted EA to Yale and was a winner of a Morehead Scholarship at UNC. Son opted to take the Morehead and graduate debt free knowing that med school was in his future and was considerably more expensive than undergrad. He has never regretted his decision. I think it took EAmom and me longer to get over the fact that we couldn’t put a Yale sticker in the back window of our cars.</p>
<p>In retrospect, the sleep we lost trying to get comfortable with his decsion was foolish and he has thrived and made the most of the opportunity given to him.</p>
<p>Just to give you one real world example to think about. S and his best friend from HS (at Wharton) were taking the same advanced Calculus class freshman year. Both had scored 5s on the AP BC calculus exam. Son’s class at UNC was taught by full professor who spoke English and had 55 students in the class. Friend’s class at Penn was 300 strong, taught by a TA/grad student that spoke very difficult to discern English. I’m not knocking Penn but for 40+ thousand a year difference we think S had by far the better classroom experience.</p>
<p>Don’t get me wrong, Wharton is Wharton but unless she is planning on being a Wall Street Investment Banker, graduating from Moore with Honors and relatively debt free isn’t a bad option and let’s face it, an MBA is becoming a business world pre-requisite. She can go to Wharton for grad school and financially be way ahead of the game.</p>