Aid for families w income of $300k+

[Anonymous]

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Princeton or state school like UMBC if kid can get merit money.

Emory, John Hopkins. You will still get aid. For example if school is 94k you may get 20k off and still be left will 74k. You may be better off at state school with merit money. Safety can give merit money too. Otherwise love your state school and full pay.

This is the whole joke with the 94k price tag. They hike tuition up to this astronomical level almost no one can afford, so that they can appear generous when they offer "aid" to get the price down to... a still extremely high price that almost no one can afford. Then wealthy families can brag their kid got a scholarship at some big name school, but in reality it's a marketing ploy to make you feel less swindled by the astronomical prices of these schools that cannot possibly be justified.

+1 Colleges are risking their own credibility and reputation—they are making themselves like a luxury brand churned out on an assembly line.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

Why would those families send 2 kids to expensive schools if they don't have college savings?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.

[Anonymous]

Anonymous wrote:In response to another thread, a poster noted that Princeton will give aid to families with incomes above $300k.

Any other colleges do this? I know I can run net price calculators for each school but wondering if someone who has been through this before may know of others.

Thanks!

No. Not true for everyone. Full pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

Why would those families send 2 kids to expensive schools if they don't have college savings?

The point of financial aid is so that the best students, regardless of their parents financial circumstances, can afford to attend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.

Colleges have never been required to consider anything when awarding their own institutional funds. You’re getting this confused with federal aid. And I’m not aware of a single elite college that doesn’t account for having multiple kids in college when awarding aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

Why would those families send 2 kids to expensive schools if they don't have college savings?

The point of financial aid is so that the best students, regardless of their parents financial circumstances, can afford to attend.

Not the "best students." Rather, the students that meet the woke AOs' DEI goals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

Why would those families send 2 kids to expensive schools if they don't have college savings?

The point of financial aid is so that the best students, regardless of their parents financial circumstances, can afford to attend.

Not the "best students." Rather, the students that meet the woke AOs' DEI goals.

Riiiight, the middle class kids at Stuyvesant and TJ aren’t really qualified…

[Anonymous]

I can’t believe some of you heartless people oppose giving aid to people just barely scraping by on $300,000 per year. What are we supposed to do? Clean our own houses? Cut our own lawns? Drive AMERICAN-made cars???

[Anonymous]

Anonymous wrote:In response to another thread, a poster noted that Princeton will give aid to families with incomes above $300k.

Any other colleges do this? I know I can run net price calculators for each school but wondering if someone who has been through this before may know of others.

Thanks!

Similar Bracket here. Zero aid for two Ivies….Cornell and Penn…

[Anonymous]

DS went to an OOS public with 50% merit with HHI above 300,000.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.

Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.

But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.

+1.

[Anonymous]

Anonymous wrote:In response to another thread, a poster noted that Princeton will give aid to families with incomes above $300k.

Any other colleges do this? I know I can run net price calculators for each school but wondering if someone who has been through this before may know of others.

Thanks!

Last year and the year before a number of schools announced new thresholds for HHI where students would go for free or receive free tuition. MIT, Penn and Harvard made it tuition free for families making up to $200k. Princeton has long had the largest per student endowment and often the largest aid—their threshold is $250k. Note that these are tuition free amounts so partial aid is available at higher levels. But there is also always a caveat, and that is that these thresholds assume “average assets,” and people with above average assets (which isn’t that high of a level) can end up disqualified even with incomes that fall within the thresholds.

[Anonymous]

Anonymous wrote:I can’t believe some of you heartless people oppose giving aid to people just barely scraping by on $300,000 per year. What are we supposed to do? Clean our own houses? Cut our own lawns? Drive AMERICAN-made cars???

You’d be a lot happier if you weren’t so bitter towards people more financially successful than you.

Many colleges are losing upper middle class families to state schools and this is an attempt to win them back.