Some private colleges cost nearly $300,000 “all in”. Even in our affluent Shoreline CT communities, that is a significant sum of money.
Since we have offices in Old Saybrook and Madison, I have conversations with parents from each town socially as well as professionally. I have to remind them that financial aid is not likely for those from the Connecticut shoreline. Those in Branford, Guilford, Madison, Old Saybrook, Essex, Old Lyme, East Lyme, etc. make a lot of money compared to most Americans. Relatively speaking, we are in or at least far closer to the 1% than we generally realize. The median household income in the United States is $51,000. During college counseling sessions, parents will sometimes directly tell me their household incomes and note that they just meet their basic bills. Most make over $100,000.
The good news: SAT scores correlate heavily with merit awards and if your children get the right training and practice, they will be well positioned to earn a lot of money for college.
Register now for our next SAT-ACT Mastery Seminar.