<p>I remember one girl when D was a sophomore, was going on and on about how her brother got * so much money* from Yale.</p>
<p>The other girls ( I was a chaperone on a three day field trip), were relatively naive about the college process, so I felt it was my job, to gently educate them. I pointed out that while it was indeed very impressive and difficult to be admitted to a university like Yale, but like many other of the very top schools, they don’t offer merit aid, because it is assumed * everyone* would qualify, however they do offer need based aid, over your EFC.
I went on to explain that D’s older sister had a friend who was a NMS, and who only got $1,000 for that from the school she attended. That honors colleges often were a better financial deal for really strong students, than a private college for many families and that there were lots of schools out there and they all had strenghts and weaknesses for different people. ( then they went back to discussing the gang of raccoons that tried to get into their tent)</p>
<p>I don’t mind telling how much aid we get, but I normally don’t really extrapolate aid -loans. I don’t remember numbers either- but I remember our EFC!</p>
<p>Some kids like to talk about numbers- how much they paid for gas, what a deal they got on those Rock and Republic jeans, how big their girlfriends b00bs are.
:rolleyes:
If you don’t want your kids to share financial information, which is a reasonable desire, just tell them.</p>
<p>I also would say- I think as long as accurate information is being used, it can be good to get a broader base of info out there.</p>
<p>There * are* schools which will admit top students, but gap their aid. There are schools that will offer freshman very attractive packages and switch grants to loans the next year. There are schools who will assign students to the waitlist instead of denying them, when the waitlist is larger than their entire freshman class.</p>
<p>Money wasn’t really talked about when I was growing up, ( neither was sex), I don’t think that is a good thing.</p>