full pay at HYP in diving market - do I have any case?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No they do not budge an inch. My Dad lost his job and they said tough.

My experience at Harvard was this. My dad lost his job to a disabling injury and has never worked again, I was already on aid and they LOWERED IT. I am still bitter.

lol you were at Harvard though. I'm sure you could have transferred anywhere for full ride

Probably, but that wasn't helpful. I borrowed the rest and paid the loans off. You probably had parents who could pay for college....

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Those schools are losing hundreds of millions in cuts so I doubt they will give you anything.

And their endowments have taken the same market hit as op. Plus they are eyeballing possible taxes on their endowments.

You can always ask, but I wouldn’t expect anything more than empathy.

These schools need to stop forcing parents to subsidize other people and drops prices across the board

during an accepted students yale info session, they said it costs them 140k a year per student. so everyone is subsidized to one extent or another. and full pay aren't paying for any other student.

Then they should raise the prices to $140k/yr , no finaid. let the market decide.

Agreed. As a donut hole person I am very bitter about the whole thing. Made huge sacrifices my whole life to be fiscally responsible and save and I get nothing. People saved nothing to take fancy trips and drive ridiculous cars and have more kids than they can afford and they are getting money left and right. I don't think there should be allowances for multiple kids - shouldn't have had more kids than you could afford. I am more supportive of helping those who truly have need but that bar has crept up a lot. If you can't afford it, go to State U and let your the next generation prosper.

I would love to see a whole new calculator:

Send us 7 years of tax returns. You have to have those anyway. So it's not really what you saved or didn't, it's what you could have. We'll take x% of income per year in the could have saved. That's box A

Then we'll use most recent tax returns for income. What you can cash flow. That's box B.

Then I dont care if your net worth is in home, car, retirement, vanguard, 529. that's up to you. but just add it up, and colleges take 1%. That's Box C

Colleges will use A, B, C to figure out FA

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No they do not budge an inch. My Dad lost his job and they said tough.

My experience at Harvard was this. My dad lost his job to a disabling injury and has never worked again, I was already on aid and they LOWERED IT. I am still bitter.

lol you were at Harvard though. I'm sure you could have transferred anywhere for full ride

Probably, but that wasn't helpful. I borrowed the rest and paid the loans off. You probably had parents who could pay for college....

let's just reset to OP's question. FA a generation ago doesn't even resemble FA now

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No they do not budge an inch. My Dad lost his job and they said tough.

My experience at Harvard was this. My dad lost his job to a disabling injury and has never worked again, I was already on aid and they LOWERED IT. I am still bitter.

lol you were at Harvard though. I'm sure you could have transferred anywhere for full ride

Probably, but that wasn't helpful. I borrowed the rest and paid the loans off. You probably had parents who could pay for college....

Nope, I had the foresight to turn down expensive elite colleges and go somewhere cheaper on full ride. Invested the difference in rentals during the great recession and the rest is history.......

[Anonymous]

Everyone is in the same boat as you, OP. How many more discounts do you think they can afford to give?

[Anonymous]

Anonymous wrote:Everyone is in the same boat as you, OP. How many more discounts do you think they can afford to give?

At HYP? I bet the FA advisor has "person discretion" to give anyone 5-10k. Princeton will do it on the call, I bet. I dont know about H or Y.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Those schools are losing hundreds of millions in cuts so I doubt they will give you anything.

And their endowments have taken the same market hit as op. Plus they are eyeballing possible taxes on their endowments.

You can always ask, but I wouldn’t expect anything more than empathy.

These schools need to stop forcing parents to subsidize other people and drops prices across the board

during an accepted students yale info session, they said it costs them 140k a year per student. so everyone is subsidized to one extent or another. and full pay aren't paying for any other student.

Then they should raise the prices to $140k/yr , no finaid. let the market decide.

Agreed. As a donut hole person I am very bitter about the whole thing. Made huge sacrifices my whole life to be fiscally responsible and save and I get nothing. People saved nothing to take fancy trips and drive ridiculous cars and have more kids than they can afford and they are getting money left and right. I don't think there should be allowances for multiple kids - shouldn't have had more kids than you could afford. I am more supportive of helping those who truly have need but that bar has crept up a lot. If you can't afford it, go to State U and let your the next generation prosper.

I would love to see a whole new calculator:

Send us 7 years of tax returns. You have to have those anyway. So it's not really what you saved or didn't, it's what you could have. We'll take x% of income per year in the could have saved. That's box A

Then we'll use most recent tax returns for income. What you can cash flow. That's box B.

Then I dont care if your net worth is in home, car, retirement, vanguard, 529. that's up to you. but just add it up, and colleges take 1%. That's Box C

Colleges will use A, B, C to figure out FA

Love it. Makes a lot of sense. And no discount for multiple kids (perhaps twins).

[Anonymous]

Anonymous wrote:

Anonymous wrote:No they do not budge an inch. My Dad lost his job and they said tough.

My experience at Harvard was this. My dad lost his job to a disabling injury and has never worked again, I was already on aid and they LOWERED IT. I am still bitter.

Same thing happened to us (with multiple kids) and top schools offered nothing. So we went to schools that were generous, but we still had a ton of loans. One sibling went ROTC.

[Anonymous]

HYP are FAR more generous now. Why are you all "answering" this question with information from last century. (Oh wait, just so you can say you went to HYP a million years ago? Got it)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yale will say you’re out of luck. Princeton would very likely have a conversation. I have no experience with Harvard.

+1. Still salty at how Yale treated my parents many years ago. We scraped by and made it work, but barely.

OP, just know that people with more than you will get more and you have to let that go if Harvard matters to you.

ACtually bottom line in ensuring you are paying for their equity-based student quotas. Someone should find a way to hold them accountable, its price gouging.

[Anonymous]

Anonymous wrote:Everyone is in the same boat as you, OP. How many more discounts do you think they can afford to give?

They don't have to give any if they just let the market dictate the tuition

[Anonymous]

I would 100% call them and set up an appointment. DO it before you enroll. If you have competing offers, have them ready.

All colleges, even HYP, care about money now. Will they want a student paying 85 (instead of 90k), yes they will.

They won't take away your kid's acceptance. They might say no, but you will not be in a worse position than full pay. Not possible.

[Anonymous]

Anonymous wrote:HYP are FAR more generous now. Why are you all "answering" this question with information from last century. (Oh wait, just so you can say you went to HYP a million years ago? Got it)

I'm PP and not saying any of us were HYP. I'm saying it wasn't possible financially and that was OK.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HYP are FAR more generous now. Why are you all "answering" this question with information from last century. (Oh wait, just so you can say you went to HYP a million years ago? Got it)

I'm PP and not saying any of us were HYP. I'm saying it wasn't possible financially and that was OK.

so .. you have nothing at all relevant with this OP or thread? why post here?

[Anonymous]

Anonymous wrote:You can always try. But I imagine they’re getting quite a lot of these calls from parents who are unexpectedly fired, lost a lot in their 529/stock market portfolios while grappling with an uncertain environment of a govt that has been freezing research funds to universities with little logic and their own drops in their endowments.

+1 You can try. No harm done if they say no.