financial checklist to start preparing in H.S. sophomore yr?

<p>*…There are some OOS publics that will give large merit scholarship for high stats or being a NMF. If your D does have high stats, apply to a couple of these as back-ups.</p>

<p>Do you think she’ll have the test scores to be competitive for MIT…and GPA?..</p>

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<p>um…what is an NMF? To answer your question; She seems on track to have a good GPA and test scores. She is in the I.B. program (Well, pre-IB right now) right now with all A’s so far…time will tell. I think I had always thought of schools like MIT as unattainable for us ‘regular’ people, but I don’t want to discourage her if it might actually be attainable, and don’t want her to have false hopes if we just won’t be able to afford it. :/*</p>

<p>NMF = National Merit Finalist. This will be depend on how she does on her junior year PSAT…taken in Oct. Make sure that her school signs her up for that. I’d have her take the June SAT as a practice and then work on weaknesses.</p>

<p>Affording MIT will depend on what the school expects as a contribution. I don’t know what the acceptance rate at MIT is these days…5%? more or less???</p>

<p>Figure out how much you can afford to pay each year, and tell your D that that is your limit…and that anything else will have to come from merit scholarships, grants, and maybe small federal loans.</p>