<p>kirmum - I think it’s not so cut-and-dried as the balancing act we sometimes envision: in the right hand, the 1st-choice expensive school vs. in the left hand, the merit-$$ lesser choice school.</p>
<p>For some people, the entire search is cast from the outset for merit $$. They may never apply to an elite even though highly qualified with good chances. This was almost cur’s D, who added the elites, I believe, at the end.</p>
<p>For some (my family’s case), DS visited elites, planned to apply, applied early EA to Tulane, which he liked as well or better than the visited elites and, totally unexpectedly, got great merit $$. He dropped all other schools (higher and lower on the rankings pantheon), save for one elite with legacy. He wasn’t accepted. During the intervening months between the EA $$ and the RD rejection, neither he nor we knew how he’d choose. Our wallets leaned in one direction; our hearts and minds didn’t know where to lean. Later, my kid transferred to an elite due to Katrina. Tulane was a better fit <em>for him.</em> Partially explaining my POV.</p>
<p>I think you will find some families with the EvilRobot 1st choice vs. $$ dilemma. For others the picture is much more clouded.</p>
<p>I do think it frequently involves the struggle to meet a fairly high EFC (based on what I read here on cc). In other cases, it’s “not about the money” in an affordability sense. We could (and now do) pay full freight. Our EFC>COA at any school. The money, whilst we had it, was delightful. But there is a whole other dynamic at play, which has been discussed somewhat on this thread. The money comes along with courtship of the kid, knowing they are really wanted, meeting their peers at special admitted students programs prior to the decision (that’s how we know you don’t have to go HYPS to find them
), possible special opportunities at the school, contacts by Deans/profs/alums. It’s not all about the money.</p>
<p>The money is critical for some families. But please, please, please hear our point - those of us who have chosen the merit $$ over the “higher-ranked” school - it is so often NOT a sacrifice. They get to have it all. EXCEPT for the brand name so coveted by some.</p>