Hate to tell you after the fact, but it's incredibly simple to not pay taxes if you get money and want to use it for college. Make a 529 account. This is not a loophole. This is a feature of our economic system.
Hi Rishab, you mainly talked about merit-based scholarships as related to your situation because you're obviously extremely high-achieving. So though schools like Harvard offer complete aid for those who are need-based, all the students there still have simultaneously to undergo the grind of being admissible which is at a rate of ~1/20 students, with just about all who apply there being the best across the nation. But to show how crazy the admissions process is, Caltech, undoubtedly the hardest college in the US, stated that the SAT/ACT was useless for those who have to undergo its highly rigorous first year there, so they went test-blind first spurred by COVID. I don't know if they're trying to develop a new standardized test for its student body, but many of its students are at a genius-level, probably the highest % in the country. As much as I love UCLA (8.6% admit rate, 2022), the University of California -- as a current test-blind institution for _equity_ reasons -- boasts that a good 50% of its students attend its nine undergraduate (UG) campuses as UGs that don't pay a cent in tuition/fees, along with there being additional means to allay the costs of room&board and other costs. This can be good in many ways, but it can be bad if its campuses don't have at least a modicum (long "o" sound) of achievement for those who receive CA subsidies for their education. (Out-of-state students would have to go federal or private-based). The vast majority of those among the 50% are high-achieving at UCLA, UCB, and UCSD, but there are some others who come from poor backgrounds at some of its campuses who don't have the means to succeed in true academic perusals, and thereby pull themselves out of poverty. On the other hand, I don't agree with Boston University, per your example, of offering merit to those of wealthy background as a means to try to compete with Harvard, MIT, etc. I believe that Harvard, Yale, Princeton have it right by not offering scholarships to those of this background; in other words, these wealthy students should pay full cost at whatever college they choose.
Great points made! I agree with most everything you point out. The only comment I have- Regarding Boston University, I think their goal is to "grab students" who would otherwise be attending more prestigious universities. This is a practice I've seen at schools like Duke, Vanderbilt, Johns Hopkins, etc. -- where they have a very few number of almost full-ride/full-tuition scholarships that they offer to their very top applicants. Whether or not this is the best approach from an equity standpoint, I'm unsure. However, I do understand why they take that approach. Thank you for your analysis! I enjoyed reading your comment.
@@RishabJainK Sorry, I'm trying to multitask... You're quite welcome. I think one of the things they could look at, since there are means to subvert the income aspect is to look at wealth. I'm not for taxing one's (or a family's) accumulated assets -- as the IRS is a _revenue_ taxing service, and also because there would be double taxation -- but families can project a low income by various means also. [Edit add, re taxation of assets: Besides the fact that _wealth_ is too nebulous to be even remotely calculable. Let add too, that, the value of ownership in a home + appreciation, should not be considered because we wouldn't want parents to take a second on a home and thereby possibly lose it -- sorry for the tangential.] Additionally, these colleges you mentioned are absolutely trying to grab students. But to offer a kid from Beverly Hills or Bel Air a 1/2 -to-almost-full ride is not right whether merited or not. All the best at Harvard!
Watch my video guide on how to win scholarships: ua-cam.com/video/-TW-mUU2tRE/v-deo.html
I really liked your point about the UTD/UArizona and other NMSQT scholarship schools. Those are definitely worth keeping in mind tbh
really like the idea of a video talking about coming up with a college list. hope to see it on here soon!
NMSQT is a great tip. Didn't think of it!
Hate to tell you after the fact, but it's incredibly simple to not pay taxes if you get money and want to use it for college. Make a 529 account. This is not a loophole. This is a feature of our economic system.
Really useful...but why "hate"??
@@AnticsBuzzbc he already payed for college
Cause it too late @@AnticsBuzz
We need a video on how to make a college list.
PS: I would love to see a day in my life video.
W vid. I really needed this
Great video! Thank you ❤
❤❤❤thank you rishab
Great ! God bless you 😊
why he using discord noti sound effects
Thank you for this
Absolutely! Be sure to stay tuned for my actual full scholarship guide with tips & tricks.
I'm going back to my old slideshow format to teach :)
Great video
Hi Rishab, you mainly talked about merit-based scholarships as related to your situation because you're obviously extremely high-achieving. So though schools like Harvard offer complete aid for those who are need-based, all the students there still have simultaneously to undergo the grind of being admissible which is at a rate of ~1/20 students, with just about all who apply there being the best across the nation.
But to show how crazy the admissions process is, Caltech, undoubtedly the hardest college in the US, stated that the SAT/ACT was useless for those who have to undergo its highly rigorous first year there, so they went test-blind first spurred by COVID. I don't know if they're trying to develop a new standardized test for its student body, but many of its students are at a genius-level, probably the highest % in the country.
As much as I love UCLA (8.6% admit rate, 2022), the University of California -- as a current test-blind institution for _equity_ reasons -- boasts that a good 50% of its students attend its nine undergraduate (UG) campuses as UGs that don't pay a cent in tuition/fees, along with there being additional means to allay the costs of room&board and other costs. This can be good in many ways, but it can be bad if its campuses don't have at least a modicum (long "o" sound) of achievement for those who receive CA subsidies for their education. (Out-of-state students would have to go federal or private-based). The vast majority of those among the 50% are high-achieving at UCLA, UCB, and UCSD, but there are some others who come from poor backgrounds at some of its campuses who don't have the means to succeed in true academic perusals, and thereby pull themselves out of poverty.
On the other hand, I don't agree with Boston University, per your example, of offering merit to those of wealthy background as a means to try to compete with Harvard, MIT, etc. I believe that Harvard, Yale, Princeton have it right by not offering scholarships to those of this background; in other words, these wealthy students should pay full cost at whatever college they choose.
Great points made! I agree with most everything you point out.
The only comment I have-
Regarding Boston University, I think their goal is to "grab students" who would otherwise be attending more prestigious universities. This is a practice I've seen at schools like Duke, Vanderbilt, Johns Hopkins, etc. -- where they have a very few number of almost full-ride/full-tuition scholarships that they offer to their very top applicants. Whether or not this is the best approach from an equity standpoint, I'm unsure. However, I do understand why they take that approach.
Thank you for your analysis! I enjoyed reading your comment.
@@RishabJainK Sorry, I'm trying to multitask... You're quite welcome. I think one of the things they could look at, since there are means to subvert the income aspect is to look at wealth. I'm not for taxing one's (or a family's) accumulated assets -- as the IRS is a _revenue_ taxing service, and also because there would be double taxation -- but families can project a low income by various means also. [Edit add, re taxation of assets: Besides the fact that _wealth_ is too nebulous to be even remotely calculable. Let add too, that, the value of ownership in a home + appreciation, should not be considered because we wouldn't want parents to take a second on a home and thereby possibly lose it -- sorry for the tangential.]
Additionally, these colleges you mentioned are absolutely trying to grab students. But to offer a kid from Beverly Hills or Bel Air a 1/2 -to-almost-full ride is not right whether merited or not.
All the best at Harvard!
Should we wait for your essays to all universities you applied and common app essay?
Doesn't Harvard meet 100% of financial need without hurting the applicant's chances?
Need blind
Not free! still come from your savings.
wish i found this video when i wasnt a junior in high school wompwomp
❤
Bro does being proficient in many languages count as extracurricular
no
Yes
Of course you need to prove it, maybe with tests
First
Are U his brother
If u invested that $25000 on bitcoin, lol! Great job done!
it would actually be $100,000. enough to cover another year at harvard 😮
What was the salman style coke advertisement for 😭😂
he got a coke scholarship