
Options Johnny
16.6K posts

Options Johnny
@OptionsJohnny
Finally, kick-ass charts to build confidence in your trades. SPY / QQQ / BTC nightly. Charts requests in discord. |West Point '98| https://t.co/qGxEJnOiUQ





Two of my three kids went to school on merit scholarships and we saved six figures easily. And their 10yr salary ROI projection is better than had they gone to an Ivy league school. The focus was: 1) GPA: Get a strong footing early to build a foundation before the classes get extremely difficult. 2) SAT/ACT - Start taking these tests early. Start before your high school recommends when to take them. Take them numerous times! 3) Do the research to find the schools that want 'you'. We used a comprehensive spreadsheet from DIY College Rankings to find the school that will pay merit based on GPA/SAT scores. You can estimate this answer before even applying. diycollegerankings.com 4) Do calculations on year 10 ROI. For each school you are reviewing, what is the current mean salary for an alum 10 years post graduation? Schools A - Harvard University: Current 10 year mean salary projection: $182K Current 4yr Expense w/o merit: $360K ROI: ~50% School B - Purdue University: Current 10 year mean salary projection: $110K 4yr Expense w/merit: $0 ROI: Infinite 5) School rankings is a 'game'. Schools want to do everything they can to pull in money for their brand. And a lot of that has to with them being able to pay sports scholarships to athletes with low GPAs. They will gladly pay merit for your child with a high GPA to come to their school to level out the GPA of an athlete. Schools do this so that they can improve their standing both from a athletic program, and a 'avg GPA" perspective. This helps them improve their score/rank with US News & World Report Rankings. 6) APPLY EARLY. All my kids had their applications completed August/September. While everyone else was starting to think about SATs and what schools they might want to go to. My kids were already in line for the money. Schools like certainty. If a kid with a good GPA and SAT/ACT applies when the applications open...do you think the school is going to wait months to accept them and give them merit? No they'll give merit right away. I know kids who had better GPA/SAT than my kids but waited until the end of the semester to apply and they received NOTHING. My assumption is that this is because the merit money had already been handed out. Play the system.

Upper-middle-class families are in a weird dead zone with college. They make too much to qualify for meaningful financial aid, but not enough to casually write $100,000 checks every year without it completely changing their life. So the kid looks rich on paper, gets little help, and the parents are expected to absorb the cost of a house down payment every single year. College pricing has also obviously become absurd.


























