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Hmm, that money is to come from Mom and Dad, since after all the student worked so hard in high school. Any though given to the fact that your parents had to work very hard through their own high school and college careers, possibly grad or professional school and then did real hard work throughout their careers, while raising a family, to have earned that money OP feels entitled to. Seriously, what amount of hard work in high school, which is really what is expected of everyone, has earned OP a couple hundred thousand dollars of the wealth and savings the parents toiled for? Reality check time, don’t you think?
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Very well said.
We see HS students posts with similar claims all the time. “I worked too hard (blah blah blah).”
All they really did was do what they were supposed to do with their time: go to school, do their homework, study for exams. Job well done, but really just “doing their job.”
As you noted, their parents have been “working hard” for a very long time, being successful during their education years and during their career years, and in the past 18+ years, also working hard raising a family.
Usually, the common denominator is that these students want bragging rights at school to say that they’re not going to be going where THEY are going (often their flagship or other local school).
I know few parents who will pay $250k+ for their child to have lunch table bragging rights.
And what I’m saying is…CT residents are competing for seats in the three medical schools with a ton of kids fro other states. They are also competing with kids who did not go to college in CT.
The only school in the three that gives sort of a preference to instate applicants is UConn. Yale and Quinnipiac don’t care about residency. And UConn has a minimum MCAT score that is most definitely more important than the state where the applicant went to college.
@Thumper1 …although Yale SOM and Q SOM are private, they do have a larger number of instate students attending than what would be expected, particularly for the population size of Conn. That tends to happen, even with private SOMs. Duke SOM has nearly 10% of NC residents as MS1’s. Stanford has 43% of Calif residents as MS1’s. I could list many privates where this goes on…
Over 23% of Q’s MS1 students are Conn residents. Yale’s instate numbers are much lower, but they’re higher when you consider proportions. About 5% of Yale’s med students are from Conn…that number should be less than 2%, but it’s not.
Anyway…the point is that the ratio of instate applicants to instate MS1 seats is a significant factor. When you’re a strong applicant, and all other things are equal (grades, MCAT, good app list, etc), if you’re from a state that has a good ratio of applicants to seats, the chances of acceptance to at least one school is MUCH better.
The ratio in Calif is the worst I’ve seen so far, with the exception of states that don’t have a med school. But those states tend to pay another state to give consideration to their med school applicants. For instance, Alaska pays Washington money to give consideration to AK applicants (and I think they’re guaranteed a certain number of seats.)
We have totally high jacked this thread. It is highly possible…in fact likely…that some of those CT med school 1 students went to undergraduate school elsewhere…in different states. They would still be instate residents when time to apply for med school.heavens…they could even go to undergrad in CA, and still be residents of CT…and apply to med school here as residents.
Now back to the OP.
The instate publics in Texas are fine schools. Both UT Austin and A and M are great schools,
1: OP's parents have some sort of moral obligation, like all parents, to contribute to OP's college costs.
2: It is up to OP's parents to spend or not to spend a larger amount of money than they are comfortable with to enable the OP to go to the college of his choice.
3: Working hard is immaterial. Some people work hard to get C grades, or to graduate at all.
4: The worst thing you can do is be 100% committed to being a doctor such that you ignore what opportunities are available at your undergrad school. Whether MIT or Yale or USC are better pre-med schools is not as important as whether they have the resources the OP might need if he drops out of pre-med.
I don’t see entitlement. I see some frustration. And I see parents being a bit wishy washy - will they pay or not? Are they emotionally blackmailing the OP for no reason or are they being honest?
OP’s insulation from that is to apply nowhere ED, apply EA a few places if he’d like, and have a lot of choices from costly to well-funded.
How many seats to to what medical school is nice to know, but not earthshattering at this point in time*
Could it be that the “entitled” mentality in some students is due to growing up in a wealthy family that indulged the student’s wants without apparent cost considerations, so that college choice is now the first time that cost will constrain the student’s wants?
@mom2collegekids - I am very serious as the fact that D2 is in year 1 of college, and I have to do the FAFSA for three more years. I look at things from all angles, especially from my current marginal income tax rates, the fact that D2 is in year 1 of college, what the delta (pre-tax) would be in pay, the headache, flexibility, etc. I see no reason to deal with the headaches and stress to end up taking home 31 cents on the dollar. My high three for penson is locked in and I will have plenty of opportunity to increase that when they are done with school.
And a 3% raise a year? Glad you have a sense of humor. We don’t get those in Government, especially when at the top of a pay grade.
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And a 3% raise a year? Glad you have a sense of humor. We don’t get those in Government, especially when at the top of a pay grade.
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@collegedadoftwo All the more reason to go for those promotions. You’re getting crappy raises because your penetration into your pay grade range is too deep. Everyone knows that the raises are better when you’re less penetrated.
Your child is in year 1 of school, so that FAFSA has been filed. Does he attend a FAFSA only school or a CSS school? Is need met?
If you were to be promoted soon, that new income would hardly have a chance to increase 2015 earnings, so likely you wouldn’t see much/any change in FA for the year 2016. So, in 2016, you’d get to enjoy all of that increased income.
The “negative” affects are only for the last 2 years. You may “pooh pooh” what you figure is the .31 on the dollar that you would see after a potential EFC increase and taxes, but the long run is what’s at stake.
@mom2collegekids - There is more than money that is factored into my thinking, and D goes to a IM school where need may or may not be met from year to year. We are already going to take a hit for next year because of the Asset Protection allowance has been significantly decreased and they count home equity.
College- why don’t you get a job in the private sector? My company has no upper cap on raises for stellar performers. Seems to me a better use of your time and talents than low-balling yourself pre-retirement…
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There is more than money that is factored into my thinking, and D goes to a IM school where need may or may not be met from year to year. We are already going to take a hit for next year because of the Asset Protection allowance has been significantly decreased and they count home equity.
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I don’t see how any of that justifies purposely avoiding a promotion. In fact, just the opposite.
@Blossom - I spent 12 years in the private sector before returning to government service. The private sector does not, for the most part, care about employees as individuals or about being good corporate citizens. I like what I do and feel good about it at the end if each day. And as I said before, it is not all about money.