(Not to belabor the point, but my post probably does
)
Education is the great equalizer... if people will embrace it. Education is the one thing that can't be taken away from you (money, power, etc can all be removed/lost). In some other countries (I'm looking at you UK & India & China, and all over Africa), education is many times reserved for the "privileged".
Little known fact: if your family income is <$100K and your kid gets accepted to an Ivy League or MIT-level school, they're probably going to get a full ride - no loans, nothing to pay back - a totally free elite education. The "average" elite school actual cost of attendance is actually less than going to a public and paying out of pocket. Of course, that free ride assumes you get in and your family income is <100K
and is one of the 3% accepted
But, if you look at the granular details, that's 3% of
everybody who applied. If you have high GPA, requisite test scores,
and leadership / sports / academic activities beyond just going to school and doing well, it's more like 30%. So, being "book smart" is great but did you also take advantage of opportunities that were available
in your community/area?
As I've mentioned previously, Bama offers probably the absolute best scholarship for National Merit with high ACT/SAT scores ... 5 years tuition, 4 years housing + bunch of other stuff. USCw offers 1/2 tuition, Oklahoma State and a handful of others are pretty good, too. Ivys don't do merit because they assume everybody who gets accepted is worthy. Most schools are now just needs-based financial assistance. But then there are departmental or corporate or individual scholarships that are available.
Of course, a kid has to do the actual work but encouraging them to do the best work they can (and not demanding high scores, etc.) is the best method in our experience. Tons of programs all over that are there to help families to get kids involved but you have to start preparing before 12th grade
Our daughter wrote down a plan in 7th grade on what classes she would be taking 9-12 to have the best opportunity to get into the best schools and have the best GPA possible. But then we made sure she also took advantage of sports, community service things, after school activities, etc. She wanted to do these but it also took some sacrifice on our part. She also advocated for herself at school to get into harder/better classes (without us even knowing) when she didn't feel like the one she was placed in was correct. but then there were things that she procrastinated on that we had to stay on top of her to get done. So, it takes both foresight and persistence, as well. It also takes a school that prioritizes things that matter over things that don't.