Higher Education: Do You Have a Plan B for Your Child’s Higher Education?

Many parents expect their children to attend the same university they graduated from. It can come as a shock when parents learn that admissions standards are different than a generation ago, and many bright, capable students won’t make the cut. At many schools, “legacy” students—those whose parents are graduates—are no more likely to receive an acceptance letter than those who have no family connection to the institution. College news website Campus Grotto issued a report in April 2015 that stated, “Admission rates have hit an all-time low for many schools.” At most of the top-tier schools like Duke, MIT, and Yale, the acceptance rate is less than 10 percent. At Stanford and Harvard, only ab

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Website Updated: June 2020

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