Great response! And congrats to your kid. Extremely impressive!
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Great response! I also disagree with the implication that MIT makes concessions for athletes in the previous comment. They donāt make any concessions, from everything that I have seen, for athletes, any more than they do for that accomplished pianist or that kid who started an impactful non-profit or supported her family after her parents lost their jobs. In order to get accepted into MIT, having perfect or near-perfect stats is just the starting point, as many, many others have stated in these forums. I certainly know that in my sonās case, no concessions were made - he is an academic superstar and a great kid and I am very proud of him. And I would also be equally proud of him if MIT had decided that they wanted that piano player more than a football player this year. He, like most of these amazing kids, has great options at other great schools and will knock it out of the park no matter where they go to college.
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On 12/21/20, MIT Athletics twitter mentioned that āformer @MITSwimDive student-athlete Andrea Ghez '87 won a share of the 2020 Nobel Prize in Physics.ā
On 12/15/20, MIT Athletics posted a story on their website about Jasmin Moghbeli '05, who was a captain on the womenās basketball team. She was named as one of the astronauts selected for NASAās Artemis Team, so may go to the moon.
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Just stumbled upon this thread. My son wanted to apply to MIT as well as other T20 schools. Ultimately did not knowing the cost would be too great. Itās unfortunate for high achieving kids that come from middle income families. Make too much for significant aid but not enough to write a check. And 6 figures of debt is no way to start out in life.
Sorry the rant
Good luck to everyone
MIT tends to be pretty affordable for middle income families. Less than a quarter take loans and the average amount is <$25K.
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I just double checked on the net price calculator. Family contribution is in the 40k range
His mother and I are divorced. Private schools use both incomes. So together I guess weāre in the upper range vs middle.
Weāll have to go for a top school when he applies to graduate school
I donāt know how much more youād be paying elsewhere, but MIT is one of the few schools that are worth paying some extra for (even if you have to borrow that amount, perhaps in contradiction to some common wisdom here on CC).
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Oh I completely agree. There is an acceptable amount of student loan debt and that number will vary depending on the school.
If it is not too late, Iād consider skipping the private schools and using that money for college.
4.00 1570 SAT, 36 ACT, 800,800,790,790,790 on Math II, Chem, Phys, Spanish, Bio, under 75K AGI, born in Cuba. My extracurriculars arenāt bad but there arenāt any STEM spikes that are going to catch MITās fancy, I had a really exclusive research with Sahay Labs program lined up for Summer 2020 but that went with the pandemic. Still havenāt started the app, but Iāve just done like 15 apps to Top 20 schools on the Common App. Usually say Iām a physics major, chem 2nd, math 3rd. Not too worried about getting in or not, itād just be neat, and Iām pretty sure itās not too unlikely. Sorry for the late and lengthy reply.
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MIT is very generous with financial aid. I read recently that if you earn < $100K, you pay about $8,000 a year. My sons learned that 91% of undergrads are on some amount of financial aid. One challenge is that food in Cambridge/Boston is more expensive than say western PA or MA. Your son has time to apply RD. Do not let $$ stop him. My husband did ROTC. I took out loans. My immigrant parents did not even think to apply for financial aid at my college. Good luck and chase that dream.
If you havenāt started the application yet, itās too late for you.