Aid for families w income of $300k+

[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.

This is incorrect.

There was a change that only applied to FAFSA and affected Pell Grant. The financial aid for middle class families and up comes from college’s known funds and had nothing to do with FAFSA rules.

[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.

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.

This is incorrect.

There was a change that only applied to FAFSA and affected Pell Grant. The financial aid for middle class families and up comes from college’s known funds and had nothing to do with FAFSA rules.

* college’s own funds

[Anonymous]

Emory University is now NEED AWARE, not need blind. Financial need is now a factor that can affect one's chances of admission to Emory.

My understanding is that any need offered by Emory University is limited to families earning under $200,000.

[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???

Hmm, many don’t realize that elite private colleges in the U.S. are not charities.

[Anonymous]

Being able to afford tuition is one thing; being able to participate in wealthy kids activities is another. Careful what you wish for.

[Anonymous]

Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!

Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!

Help us, we’re poor!

[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.

+100 "aid" or "merit scholarships" are just the 10% off sale in the over inflated sticker price to make parents feel like they got some kind of discount.

[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.

What are the woke dei goals? Top SAT scores? Exceptional grades? Great ec's and/or volunteer activities? This is what AO's assess

[Anonymous]

Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!

Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!

Help us, we’re poor!

And another family makes $50k because they've bounced around in dead-end jobs instead of applying themselves. Another family makes $100k instead of working harder to get more promotions. Boohoo! They can't afford fancy colleges. But they scream, help us, we're poor! (See how that judgement works?)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!

Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!

Help us, we’re poor!

And another family makes $50k because they've bounced around in dead-end jobs instead of applying themselves. Another family makes $100k instead of working harder to get more promotions. Boohoo! They can't afford fancy colleges. But they scream, help us, we're poor! (See how that judgement works?)

Or, those lower income people are your teachers, social workers, nurses, police, fire, ….

[Anonymous]

but it doesn’t matter how noble you think their job is. That $100k teacher family gets the same aid as the $100k slacker family. Self righteous people on DCUM don’t get to decide.

[Anonymous]

Williams Haverford Swarthmore also take into account whether you have other kids in college. Wash U gives some aid.

[Anonymous]

Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!

Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!

Help us, we’re poor!

Imagine being mad at other people instead of the schools that let tuition run faster than inflation for decades.

[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.

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.

This is incorrect.

There was a change that only applied to FAFSA and affected Pell Grant. The financial aid for middle class families and up comes from college’s known funds and had nothing to do with FAFSA rules.

DP but nothing the previous poster said was incorrect. Public universities no longer take into account multiple children paying tuition. This is a MAJOR change and a considerable hit to most families.

[Anonymous]

According to its website, Notre Dame gives an average of $23k a year in financial aid to 57 percent of families earning more than $250k a year. It makes clear, though, that most of those who get the aid have two kids in college.

Below $250k, it says, 95 percent of students qualify for financial aid and the average amount is $50k.

https://financialaid.nd.edu/costs-and-affordability/