Stressing over financial aid situation please help!!!

Hi Everyone!

I am a current high school senior who is deciding between 2 colleges with just a little more than a week left to decide, so any quick answers would be much appreciated :slight_smile: I have been accepted by Vanderbilt University as a Cornelius Vanderbilt Scholar, which means tuition is covered, I receive a 6K stipend for research/studying abroad, around 2K as a National Merit Finalist, and automatic admission into the Honors College. I have also been accepted by Brown University, who gave me around 10K.

Currently, I am torn between these two options. I am thinking about going pre-med (majoring in Chem/Bio/or Neuro) and going off to medical school in the future, so I am aware of the massive amount of costs in the future. However, I love just about everything about Brown, and I feel that its Open Curriculum is much more suited for me and my career goals. I want to double major in Applied Math/Econ so I have something to fall back on, which is much more achievable at Brown. The only reason why I am considering Vandy at this point is money. Brown’s acceptance rate to med school is consistently 85-90%, while Vanderbilt’s is around 66-70%. I am completely torn. Anyone have any advice? Thank you so much

Surely you applied to Vandy for a reason. Hopefully it was because the school had many features you liked.

What would you be doing if you had not gotten accepted at Brown? Just a thought to ponder. Would Vandy be good enough then?

What is your parent financial situation? Can they afford the extra $60,000 a year it will cost you to attend Brown? That is $240,000 or so for four years?

Would your parents be willing to put any money saved for undergrad towards med school or other grad school costs?

Thank you for the reply! If I hadn’t gone to Brown, I would choose Vanderbilt over my other schools, since I received a lot more money and wasn’t into the other schools as much I am into Brown. Currently, the difference over 4 years between the 2 schools sits at around $135000, which my parents say they can cover, but I know it will present our family with a bit of difficulty, considering that I have a younger brother in 6th grade. They definitely will not be able to pay for medical school if I go to Brown, but if I go to Vandy, they may be able to help cover some money.

So what? It’s the student, not the school.

The fact that you landed the CVScholaship is an indication that you’re the kind of student who’ll make it no matter where. As a ‘named scholar’ at Vandy, you will be somebody there. At Brown, you’ll just be another student. Being a named scholar carries weight on a resume, for opportunities after college.

This is a totally no-brainer decision, but I suspect your objectivity is being clouded by brown being Ivy and Vandy not. Who cares about that.

No, I like Brown more than Vandy for a numerous number of reasons. Foremost, the Open Curriculum appeals to me so much more than the academic structure of Vanderbilt, and I believe that it can really help me discover what I want to do in the future. Secondly, I am thinking about doing Applied Math/Econ, making Brown the obvious better choice in this. I’m not 100% sure on going to med school afterward, which is why I want a strong background to fall back on just in case, and I feel that Brown is more suited for me in this aspect. Third, all my friends say that I am a great fit for Brown’s culture and environment, and I feel the same after having visited this past week. So no, I am not considering Brown because it is an “Ivy,” as much as you might think.

And you don’t think you will have any opportunities at Vandy?

Then why did you apply there.

Not that I wouldn’t have more opportunities at Vandy, but I believe that I would have a lot more at Brown. After going to admitted students program the past few days at Brown, I really think that I would have more freedom to explore at Brown.

Did you go to admitted student days at Vandy also?

I’m not trying to be a PITA here. But your reasons are very superficial. Vandy is. Terrific university. So is Brown.

What were the reasons you applied to Vandy in the first place? Surely there were very positive things about the school to make you apply.

$35000 a year difference is a lot. You have to,ask your parents if that is financially doable. If you only got $10,000 in need based aid, it would seem your family is a high income family.

But as you not
you do,have another sibling.

If you got $10000 a year from Brown, your parents will be paying at least $50,000 more each year to cover your costs. This is a family decision
parents in the driver’s seat
their money.

What are your parents saying?

And lest you think I’m a follow the money preacher
my own kid turned down a very high scholarship to attend a school that cost us three times as much each year. But she had excellent reasons for her choice.

Yours sound very superficial,to me
but maybe that’s me!

Would you be comfortable in explaining the reasons why your daughter choose the more expensive school?

This is blowing all your money on overpriced designer clothes to go on a cruise vacation, but then not being able to afford the cruise.

You’ve already said med school is the goal. So WHAT IS THE POINT if the priceyness of one option precludes the realization of the ultimate goal? This is a no-brainer. There’s really no “decision” to be made here. You’re stressing over something that is obvious. You’ve already acknowledged that your parents can’t pay for Brown AND med school.

And even if u decide not to pursue med school, u think Vandy doesn’t have math/econ? It’s JUST AN UNDERGRAD DEGREE. Big whoop.

I could understand your ambivalence if it was a choice between bling school and community college. But your choice of schools now is not a choice between buying a Mercedes and a skateboard. It’s a choice between buying a Mercedes or getting a free BMW.

Plus, being a ‘named scholar’ carries weight.

I am certainly considering med school as a possibility in the future, but I am not set on it. It’s not like I HAVE to become a doctor otherwise there is nothing else for me to do. Brown has its own APPLIED math department, which is fantastic. Being that it is its own department, it has its resources that very few other colleges have, considering most schools don’t have applied math departments of their own.

What kind of resources does it take to run an APPLIED math program?

School A was a very large public OOS flagship university. While it had the major she wanted, she was unable to do the significant EC she enjoyed (orchestral music). School A would,have cost us about $10,000 a year. Many lower division classes were taught by TAs and all labs were run by TAs.

School B was a 5000 student private university. It had her prospective major, plus guaranteed her a seat in the orchestra, and free instrument lessons for four years. It cost us
out of pocket
about $40,000 a year. There were NO classes taught or run by TAs
only teaching professors.

Medical school was NOT on her radar.

It doesn’t seem like you are stressing about this. It sounds like you want to go to Brown and not Vanderbilt. If you think it fits you better, you can afford it and your parents agree, go for it.

If you were my S wanting to study math, chemistry, neuro, bio and Econ, I’d say those subjects at the undergrad level are pretty standard everywhere and I would not pay the difference. But if your parents are okay with it, then lucky you!

But suppose you do? Then what? It is called maximizing your options. Sure, you could make med school work even if you went to Brown, but I agree with the others that $135,000 is placing a hell of a lot of value on the better fit you perceive for Brown over Vandy. Also, I suspect from the information you have given you are low with this number. By the time you are through 4 years it will probably be closer to $150,000. Remember, your CVS covers any tuition increase. Brown doesn’t, and the $10K is not guaranteed after freshman year.

Like most parents, yours want you to be happy, so they say they will make Brown work if that is what you want. But I said this to another CC member, and I won’t pull punches here. It sounds to me like you know this will really stretch them financially, as it would most families, and therefore you are being selfish. Vanderbilt is such an excellent school. As someone said, it is a lot like saying you might think the Mercedes is just the perfect car for you, but oh darn I will just have to settle for that Audi that is 2/3 the price, because for me that is what my finances dictate. Not that it matters in your case, but just for perspective there are tons of students that cannot even think about that Audi and have to “settle” for a used Chevy.

This also isn’t about thumper and the situation of that family. You brought this to CC, so it is fair to ask those questions of you. No other family situation matters.

Look, I get falling for one school really hard, especially when there are unique factors like their open curriculum involved. And of course if the costs were the same or within a few tens of thousands of dollars, like $20-30K over 4 years, everyone would be saying go with your gut. But money is a reality in life, and that fact will hit you much harder a decade from now than it does most 17-18 year old students. And $135-150K is a gigantic reality for most families. My D had the exact same situation, with essentially no aid from several top 12 schools and full tuition to Tulane. Fortunately she loved Tulane when she visited and that made it much easier, but she might have made another choice absent the financial lever.

Tulane was spectacular for her and she had experiences and achievements she didn’t dream of before going, and that is continuing for her now at Stanford grad. I say that because I strongly suspect it could and would be the same for you at Vandy, if you go in with the right attitude. And I would be remiss if I didn’t add how incredible it is for her to be debt free when she starts her post-academic life. These days that puts her in a pretty small minority I suspect.

If you do end up in med school you won’t be debt free, but it will be less and at least you will be in med school. If you don’t, think about how much nicer it is for your family that they can be much more comfortable having saved all that money, and you will still be debt free. Presumably they would be in a position to help with all those annoying initial costs of getting going out of school, like security deposits and all sorts of costs you start to incur. Lots of parents help out with that stuff for the first year, but they couldn’t if they spent all that marginal money on Brown.

I strongly urge you to realistically balance that amount of money versus the fact that Vanderbilt is a top school. Especially since your parents are not in the top 1% everyone talks about, but are like most of us, making a good living but not set up to just spend an extra $35K per year without feeling it heavily. Think beyond yourself in making this decision.

If Brown provides 30,000 opportunities, Vandy provides about 29,500. This is pretty darn close to six of one, half a dozen of the other. The difference in cost can’t be beat.

OP, there are a lot of heavy-hitting parent posters who are trying to impress upon you the bigger picture of how much Brown will impact your parents if you choose it over Vandy. I looked back at some of your previous threads and noticed this one from 2014, which makes me worry that the cost of Brown is more than your parents can comfortably manage if a few thousand dollars was a no-go two years ago. I’m a parent as well and I can tell you that when the discussion is about hundreds of thousands of dollars, it’s hard to have any conception of how much that is until you’ve been in the workforce for a few years.

Vandy is a wonderful school presenting you with a fabulous opportunity. Have you visited? I’m wondering if Brown seems more real to you since you got to go to the admitted student day.

This is an important decision for you and for your family.

ETA: I just looked up the Vanderbilt honors college and what I saw said it’s limited to 30 students in the freshman class. That’s an amazing opportunity. I echo what the previous poster said about the prestige that goes with being a CV scholar - Vanderbilt will be investing in your success and you will be receiving a lot of perks if you attend.

Will all these friends pay for the $135K extra it will cost your parents if you choose Brown? If not, I would cross that off your list of reasons to go to Brown.

Have you talked to some of the current CV/Honors college students? I’m sure they all also had other great opportunities so talking to them about why Vandy and how the fit feels after being there for a year or more. You can always use electives to take some of the core classes that interested you at Brown too. My only hesitation with Vandy over Brown is the southern location. You don’t mention where you are from but I know being from the NE my kids are hesitant about southern schools. They both just felt a little different when visiting a few of them.

@acdchai Vandy draws students from all over the place
and many come mid Atlantic, northeast and Midwest
not all are from the south.

What is the difference between the applied math program at Brown and the math program at Vanderbilt? Vanderbilt appears to have the courses that I would expect to find in an applied math track. Does it matter if it’s in its own department or part of a larger math department? I wouldn’t worry about the med school acceptance rates - that will have much more to do with you than the school name on your diploma.

For $135,000, I’d be headed to Vanderbilt. If the cost differential was smaller, I might be willing to pay it to get more flexibility in gen ed requirements and a better “fit,” but $135,000 is a LOT of money. However, only you know how badly you want to go to Brown and how difficult (or not) that choice will be on your family financially. But if med school is a possibility, I’d certainly want to save myself that extra $135,000 of med school debt.