Counter argument to someone above. Do not assume that just because the kid is clever, the most important thing for him / her is academic stretching. Relationships might be just as important, or more so. I was put up a grade because of academic precocity, and was at a school where academic achievement wasn't valued and I had almost nothing in common with my classmates. I made very few friends but did brilliantly from an academic point of view; the problem was that I minded about the first but didn't really care about the second and still don't. If someone had bothered to look at me instead of my grades, a better story might have been written.
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