Friends,
I'm putting this in the form of a question, but it should be apparent I'm a parent - and a bit too proud to keep this to myself.
I've been worried about college costs for my oldest son. He's just started his senior year in high school and he got invited to an MIT recruitment meeting in a couple weeks. This has me both happy and worried at the same time since MIT can cost $40,000+ a year. Now just last night he gets an offer for a full scholarship to a Catholic Jesuit college (St. Joseph's in Philly). We sent his SAT's to MIT and a couple other colleges but never contacted St Joseph. The scholarship is nearly $10,000 a year, every year, for St. Joseph. Up to this point I have been thinking about financial aid, loans, re-financing my mortgage, robbing our 401K's, etc. It never occurred to me that full scholarships really can happen.
Of course, we'll skip the scholarship and bite the bullet and send him to MIT if he's accepted. (AlanF, if you happen upon this post, I have a question for you.) My father was an engineer, and my major was Computer Sci, my wife's major was linguistics, but his interests are not as aligned with science or engineering as they once were. So here are my questions:
1) Has anyone here been to a Catholic college?
2) Does MIT have the enough "bang for the buck" to a graduate who may end up majoring in a "liberal arts" subject. Not saying he won't go technical, but he truly excels at history, literature, music and social sciences. (I've heard that Noam Chomsky has done OK with a linguistics degree from MIT.)
3) He will probably begin receiving more scholarships. Does anyone have good experiences with other colleges that offer full scholarships?
4) Has anyone had good success with scholarships not based on any particular school? Which scholarships are most worth trying for?
As long as I'm bragging: my daughter's time comes up next year, and I believe she will easily get into medical school or pursue a music career. (She's already sung "professionally" at a few places, including a Jazz club in NYC.) Her best subjects have been biology, chemistry and music. The biggest problem for me is that she's a junior this year; my oldest are only one year apart. My youngest son is only 10, so sooner or later we'll be looking to our children to replace our depleted retirement accounts.
If you don't hear from me for a while, it's because I had to take on a second (or third?) job. I guess trying to give your kids a good "launch" is what raising them was all about in the first place.
Gamaliel