Well, the problem is in that case grandpatents pay 35k for twin 1 and 0 for twin 2 
Can you please clarify what is wrong with FL?
Unfortunately with current attitude situation is bad for twin 2 no matter what, since there is no UNC direct admission and money to pay for it…
1 Like
Why is that a problem? If the grandparents want to treat both kids equally, they have ample opportunities to do that-- open a 529 for each with the same amount, gift each kid up to the current legal limit annually, pay tuition directly to the school that each kid chooses.
If the grandparents have created a lopsided situation where their generosity benefits one but not the other- they can easily rectify that. I bet twin #2 knows how to deposit a check…
I’m still stuck on the pecking order the grandparents have created in their head. So many kids change majors. Hate their major but stick with it and don’t do well. Transfer out. So the money comes with a LOT of baggage. And the schools are SO similar in terms of reputation, it’s crazy.
But I know you are trying to help… good luck to you navigating this!
3 Likes
There’s nothing “wrong” with UF. It’s a great school. Online classes plus Gainesville would drop it below the other schools in my opinion. Just my opinion. Why did twin 2 not like it?
1 Like
That is not happening. GPs refuse to open 529 and agreed to pay directly only portion for IU. 0 money for any other school. They have some idea that only IU worth business degree from twin 2 accepted list.
1 Like
Not following. Grandparents are paying the delta between parents and COA for UT? How much is that?
Offer twin 2 the same delta as twin 1. That’s “fair” and equitable. If that isn’t enough to pay for UNC or Kelley so be it. Life isn’t fair. Twin 2 has other excellent opportunities. But at least they were fair.
I hope the grandparents realize the damage they’re doing. Good intentions but the saying about the road to Hades applies.
Good luck.
1 Like
Is there any way to convince the grandparents otherwise? You have many experienced posters here who have a background in finance and background in hiring and recruiting for the industry. There is a thread opened by @Catcherinthetoast on the path to getting a job in IB/finance. Most people who are knowledgeable in this area will tell you that IU Kelley is not necessarily a better path than Econ at UNC.
1 Like
Grandparents initially agreed to pay 30-35k toward twin 1 Austin and same for twin 2 Kelly. They explicitly refused to pay for any other schools. When twin 2 got stuck on UNC, they agreed to pay for year 1 at UNC. That is it. No more money options. Pay direct to school. No 529 or allowances for anything. Their money, their rules.
1 Like
Sorry. Grandparents don’t understand damage they are making and unfortunately do not care. It is complicated 
. It is what it is.
3 Likes
Their money. They are entitled to their opinion. But the grandchild doesn’t need to play by their rules. NOBODY gets a guaranteed interview or job in PE or consulting out of ANY of the schools that you have mentioned. Not a one. Kids have a better shot majoring in Poli Sci or Philosophy at Princeton and landing at a hedge fund, McKinsey, or PE firm than they do at any of these.
Sorry to be the voice of reality here.
2 Likes
It looks like all outcomes will be “no win” situations. Twin 2 will likely resent the fact that Twin 1 gets to go to Twin 1’s first choice college, but that Twin 2 cannot due to parent financial limitations and grandparent preferences regarding grandparent financial assistance.
5 Likes
Did Twin2 get Honors at UGA ?
It’d be a pretty good substitute for if honors.
I wish you well and hope you can help twin 2.
Did twin 2 get into South Carolina Honors?
If the situation doesn’t change and budget is $30k I’ll put one last plug in for South Carolina.
Assuming she got into the Honors program it’s a one of the better honors programs. Also, their international business program is literally the top ranked undergrad program. The next few years could be very interesting for international business.
UGA would be a great option as well if affordable.
1 Like
Sure, for some situations an Econ degree can be used in finance. Especially if quantitative skills are required.
That said, the path would most likely be easier if the major was finance to begin with. Certainly no/little correlation to accounting. The degree requirements are also much different. Sure, you could craft an Econ degree into Finance but it would take a little thought, planning and selling to do so. Why do it if you can avoid. Plus you have to love graphs. Lol
Some of the best programmers I’ve dealt with were Philosophy majors but most were CS. Same with analytics. A few of the best were Physics majors but most were math/stats/CS majors.
Fwiw, I believe KFBS does have an “assured enrollment” path for admissions out of high school. Its a narrow funnel but it would take some of the risk out if your gambling between Direct Admits or the Apply after 1-2 years routes.
Additionally, KFBS is a -small- program with current class sizes around around 400ish. However, they are nearing completion of Bell Hall on the KFBS south campus. Supposed to open early fall for faculty/staff offices and to upfit the rooms. Classes begin in spring semester. And we are told it should allow for a 50%+ increase in class size after that.
I’m acutely aware of this issue as UNC is our in state school -I have a middle child who is currently at Purdue Daniels and set to start UNC this fall on what is known as a Sophomore Guaranteed Start - he would be starting in the general pool f Arts&Sciences as Econ Major / public policy or Poly Sci but is eligible to apply for entry into KFBS this fall or to re-apply in the spring. If he doesn’t get in on a fall application, then next spring he may well be applying not only to KFBS at UNC but also applying for transfer to other T10 B-Schools.
Our third child is also looking at Business - and an Assured Enrollment from KFBS would likely be our number one, after that admission in UNC general pool (and working Econ until she could apply to KFBS) would likely be our second - however she’s likely going to apply for the ADA at Kelley as well as EA at Michigan, Virginia and priority at Texas McCombs.
It’s a messy process that’s hardly strictly quantitative analysis - but I sort of view it the same way as the process of building your credentials to apply for grad/professional schools. One door closes, another one usually opens.
Not saying an Econ degree is equivalent to what is taught in finance. But for a caliber of school like UNC, if we are talking an upper tier financial institution hiring for client facing positions in IB/S&T or an upper tier consultancy firm, they will hire an Econ (or Physics, Engineering, Math, even Philosophy or History majors with sufficient quant elective classes) as readily as a finance major at a Kelley or equivalent IMO. Those institutions will invest the time to train the hires in finance skills specific to their jobs. On the other hand, if you go down a tier or two, I tend to agree that those firms may prefer a business/finance major because they don’t want to spend a lot of time training.
4 Likes
Yes
2 Likes
It does. Twin 1 had assurance at UNC but not Twin 2.
1 Like
UGA honors is very good, has topnotch students and has prestige.
USC has a nationally recognized Honors college but since Twin2 seems to factor prestige and isn’t interested in International Business, UGA may meet their criteria better (more prestigious, good placement in Atlanta, nearly as good Honors college).
2 Likes