Colgate Will Cover Tuition For Families Making Under $175,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As usual, these announcements are just advertising for the college.

The truth is in the Net Price Calculator. Use it if you really want to know. As PPs noted, tuition does not include room, board, fees. And assets are considered.

I’m the OP. I am not affiliated with the school. My kids don’t go there, and sadly, we can’t afford it so my kids won’t apply. I shared this because I thought it was great news for some families. Because it said “income” I didn’t realize it included your assets too. Bummer.

They have to consider assets. I have a high school junior and technically my DH and I could retire to get our income under this threshold to qualify for this benefit. But we have plenty of assets.

Also, merit-based full rides have always been just for tuition and not room and board. Not sure why this would be different.

I never said in my original post that it covered room and board. Not sure why other people assumed it did. Personally, I would still be thrilled if I could get just that covered.

I have two other kids in college and have filled out the CSS profiles so I understand colleges want to know everything before giving aid. Again, I think I was thrown off by the use of the word “income” in the headline and got excited. Dumb of me.