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Will my triplet siblings prevent me from getting into Harvard?

Wednesday, April 28, 2010

I found an interesting article in the NY Times from a couple of years ago on the admission prospects for twins and triplets when they apply for the same college.

The basic question the article seeks to resolve is "does the candidacy of one sibling of the same class negatively impact the candidacy of another"?

It has always been my perception that selective schools seek geographic and demographic diversity.  For obvious reasons twins and triplets will be the least diverse prospects imaginable, at least on paper.  In fact, my kids have very different personalities, and that is consistent with other multiples that I know.  Nonetheless, environment plays a significant role in shaping one's views, and I think to some degree the college admissions process is a statistical crap shoot, so assuming a lack of diversity seems pretty rational.  If the siblings go to a small high school in a small town, and all apply to an Ivy League School, it seems logical that the likelihood of all being selected is low, even if their applications are very similar.  I'm not sure the article dispels that theory, although Harvard's Dean of Admissions suggests the diversity quota is a myth.  Interestingly, Duke University considers twins individually and as a unit.  I'm not sure how the average twin or triplet would view being evaluated for college admission as a package with a sister or brother, but at least nobody would be ruled out strictly by virtue of one being admitted.

Tags: twins, triplets, college, multiples

College Savings | Twins and Triplets

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A silver lining when triplets go to college

Sunday, April 25, 2010

Speaking from experience, one of the daunting things facing parents of multiples is paying multiple college bills simultaneously.

In an earlier post, I listed some of the college scholarship options available to twins, triplets and other multiples.  Another consideration is the impact on the Expected Family Contribution (or EFC) of having several children in college.  As the name suggests, the EFC describes the amount of money a family is able and expected to chip in to pay for the cost of college, as calculated in the federal student aid application process.  It is used to determine "financial need" in this process. After taking the EFC into account, a loan and/or grant package can be developed to bridge the gap and help pay for schooling.  Of course, the lower the EFC, the higher the financial need.  Families that can show high financial need are eligible to receive more financial assistance.

The "silver lining" in the case of multiple siblings attending college at the same time is that the EFC is a family-level calcuation.  In other words, if it is determined that a family can contribute $21,000 per year to college and there is one child in school, it will be expected that all $21,000 of that EFC will be available for that child.  If three kids are in school, it will be assumed that roughly $7,000 is availabe for each student.  If those kids are triplets that all complete their schooling in four years, and they all have a $21,000 total bill for school each year, each student will be eligible for $14,000 per year of aid.  On the other hand, if three children were each born two years apart but otherwise followed the same path and paid $21,000 each (ignoring inflation), the family would a) have eight years of college ahead of them, and b) in four of those years they would not be eligible for traditional federal aid at all.  In the middle four years they would only be eligible for $10,500 per student of such aid.

It should be noted that the calculation of the EFC and financial need is a somewhat complex process.  In reality, the numbers will not work out this precisely.  Although this is a simplistic example, the message is valid regardless of the numbers used.

This all may seem like cold comfort to my fellow triplet parents, but why not look on the bright side when there is one?

Tags: triplets, twins, multiples, college planning, student aid

College Savings | Twins and Triplets

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