@intparent It is too early as I have no idea where she wants to apply.
She has visited RPI for State Math counts when she was in 8th grade. She has been to Cornell for summer math camps. She has been to Princeton for PUMaC math competition. Columbia, MIT and Stanford for computer science projects
@NEPatsGirl I think we do not want to take much loan as much as possible. Budget is may be if we stretch 22k.
You need to take a few of the schools mentioned and run the net price calculators. They are on the school website, usually on the “affording” or financial aid page. Each school has different rules for how they award need based aid. Your D won’t be able to attend most of the schools discussed in this thread if she does not get need based aid. It would be better to check a few now so you have an idea of your possible financial situation. The biggest barrier to admission for many students is affordability. Finding out now where you stand will help keep her from pursuing financially unrealistic schools.
Is your daughter a US citizen or green card holder? That also makes a difference.
@intparent thanks, she is a USA born Citizen. I will run net price calculator.
Okay, that is good. Then the net price calculators should be fairly helpful (international student aid is a whole different story).
@intparent , One question daughter is interviewing for summer jobs with few mega computer science companies. So far she is in final rounds for three companies and couple more are in preliminary stages. How do I account for earnings?
The net price calculators will typically ask for parent income/assets separately from student income/assets.
If the calculator asks for her income or assets, you might put in what you think it will be if she gets one of those paid internships (if it has a spot for students earnings and assets).
@ultapradesh worth a shot at applying to RSI for this summer https://www.cee.org/apply-rsi
CC community…I think this might be a fake post. If not, I apologize.
@naviance, does it matter? Lots of people will benefit from the information shared in this thread.
I just think that the student described has a near perfect resume with exceptional scores, challenging classes,math papers, computer science projects on the college level, history awards, a great singing voice, a published poet, a peer tutor, 400 hours of volunteer work, English awards, has attended Math Counts at RPI, computer science projects at Columbia, MIT and Stanford, and is interviewing for jobs at Mega-Computer Science companies!! Such a parent and student can choose from any school that they can afford. Run the Net Price Calculators and take your pick!!!
That said, if someone can benefit from this exercise then that is great!!
@Naviance I hope that school consider it a perfect resume, but it is far from perfect. Why I will waste your and my my time to ask these questions. The project I am describing are so that you can not google it. Unfortunately I have to change few things so no one can google it. But her name is there if one decides to google it. Google is very intrusive in that sense.
She is applying to RSI, but that is very hard to get in only 2% acceptance rate.
Income you daughter earns in summer 2018 won’t be used until she completes the 2020-2021 financial aid forms. If she is a HS junior now…I believe that would be her second year of college.
If you want a guesstimate for the 2019-2020 year…your daughters freshman year of college…you will need to use your 2017 income…and any income she earned in 2017 when completing the net price calculators.
Keep in mind also…the NPCs are currently set up for students starting college in fall 2018…and yes…polices do change…so you will need to run these again at the very start of your kid’s senior year in HS.
The ceiling on Excelsior is going up. For 2018, it is $110K and then $125K after that. So, your income may qualify you.
I second Stony Brook. It has an excellent CS department, as well as math. I think there is a program called WISE which is for female STEM students. My friend’s D is a freshman there. One thing my friend always said was that her D felt she didn’t have enough Indian friends at home. At SBU, she has plenty of Indian friends and suitemates, including at least one from India and others from outside NY. She is learning more about her culture than she knew before and her mom is very happy.
I will also disclose that my H is a grad of SBU, minoring in CS.
SBU means Stony Brook SUNY.
@naviance I think you have not met many high achieving Indian, Chinese, and Korean female students who are excelling in math/science and have even higher achievements than my own daughter.
Yes, SBU = Stony Brook.
The list below suggests the range of net prices you might expect from a variety of colleges.
Assumptions:
$104K annual income, $52K cash savings, $52K investments, $52K home equity; $0 assets in child’s name;
$22K budget (parents’ max annual contribution, before “self help”);
NY resident with 1 child (a daughter) who is a top student;
Sources: online net price calculators
(https://professionals.collegeboard.org/higher-ed/financial-aid/netprice/participating-schools)
--------- Category 1 (selective private schools with excellent n-b aid for these conditions) -----
$16,000* … Stanford (high reach)
$16,562* … MIT (high reach)
$19,118* … Haverford College (low reach)
$22,243* … Smith College (women only, target)
--------- Category 2 (in-state public schools with ~affordable net prices) —
$23,380 … SUNY Buffalo (in-state, safety)
--------- Category 3 (private/public schools with ~competitive net prices) —
$23,574** … University of Alabama (OOS, admission safety, with “Presidential” merit scholarship)
$24,343* … Bryn Mawr (women only, target)
$24,743* … Cornell (reach)
$26,876* … Pomona (reach)
$27,876* … Brown (reach)
---------- Category 4 (good colleges that may not be affordable) -----------
$31,132 … RPI (admission target)
$45,362 … UPittsburgh (OOS, admission safety/low target)
$47,454 … University of Michigan - Ann Arbor (OOS, admission high target)
Your Mileage May Vary
(Run your own online net price calculations on any schools that interest you)