Originally Posted by Misterbill
If $250,000 is 30% or less of the family's annual after tax income, how can we say it is not smart?
Now, if the money is being spent so the kid has "a lot better chance of getting into an Ivy", of course it is good to understand those odds.
Each Ivy sport has its number of "slots" with its admissions office. The candidates it proposes to the admissions office need to have academic stats close to or above the minimum Academic Index score. I would say for tennis there are two, maybe three slots per year.
Some Ivies require each sport to meet the Academic Index minimum. Others combine the scores across all sports, so that if the recruits in some sports are a little below the threshold, a high Index number in other sports can compensate.
In the former case, sports...not only tennis....can be a tiebreaker between two applicants with the same academic credentials, as long as those credentials exceed the Index standard. In the latter case, unfortunately for tennis families, Ivies usually look to tennis recruits to offset low Index scores from kids in other less civilized athletic pursuits. So at these schools the tennis recruits probably would have been admitted even without tennis.
Links about the academic index have been posted here before you joined, but if you google it, you will be directed to the key sites
That family wanted to make their son a professional tennis player. However, top tennis coaches in China did not want to train him. Based on this only, I just don't think spending $250,000 a year in US would make this kid a touring pro that can make a decent living. So, this is not smart money.
On the other hand, if the boy is smart and is willing to work hard, he may improve his tennis enough to become a 5 star. In addition, he may get 2,000 SAT to meet minimum AI for an Ivy. Again, if getting into a top college is the goal, then one only needs to spend far less than $100,000 a year with Evert or Bollettieri.
How about donating $1,000,000 to an Ivy? Would that help kids' admission?