<p>Let me attempt to provide executive summary of the conversation. When does it pay to go to a lower tier school when you are preferentially packaged. (aka top dollar vs top school).</p>
<p>The child has to exactly know what his/her ultimate career goal is. That makes it easy to use the first four years as a stepping stone. Also when you are preferentially packaged (whether it is Duke, Vanderbilt or Emory or Smith or Hamilton) you do carry a halo.</p>
<p>In case of cur’s daughter she knew she wants to be a physician. So in ’09 what would she need for medical school admission?</p>
<p>a. High MCAT score (MCAT test does not care whether she went to Yale or Rhodes).
b. High GPA – This would not be hard. Rhodes after all is less competitive than Yale.
c. Research work and possible a publication or two in a very reputable hospital (St. Jude), i.e. an impressive resume – Guaranteed Perk
d. Great recommendations – with a small size school she would definitely know few people.
e. People Skills – The other perks will help her in the medical school interview process.
f. Low or zero debt – guaranteed by the school.</p>
<p>And going to Rhodes meets all those objectives.</p>
<p>If your child has interest in areas that the first four years do not strengthen or make you suitable for advance career the choice may not be as good. For example if cur’s daughter wants to do Ph. D in mole bio or quantum physics or economics, the four years at Rhodes may not help her much. If she did not want to continue further and enter the job market, the four years at Rhodes may not help much either (due to lack of high number of employers visiting the campus). Also, as many posters have pointed out, if you change your mind, you may not have much choices to switch to.</p>
<p>I think the key is to extract something in addition to money that would enhance your future goals.</p>