Are top private colleges mainly for poor people now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

[Anonymous]

Anonymous wrote:For the society and nation to be healthy, hard working middle class should not be penalized

They're not. They qualify for FA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For the society and nation to be healthy, hard working middle class should not be penalized

They're not. They qualify for FA.

Do you consider teachers to be middle class? Police officers? A DCPS teacher married to an MPD officer will barely qualify for aid if they qualify at all

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I was actually thinking about CS at CMU as I wrote that. Beg borrow and steal to get that degree! Top tier CS and Econ degrees def worth the money w a motivated kid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I would never borrow against a 401K, take out a HELOC, co-sign for a private student loan or take out Parent Plus loans. Not even for a CS degree from CMU.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How many low-income kids are from families that can afford to live in a “good” school zone or attend private k-12, even if some FA is offered? How many poor kids do you think went to Kumon or Mathnasium? Or got to participate in club sports? I could go on.

And that is why the elite unversities have holistic admissions and will take students who might not have 15 APs, a 4.9+ gpa and 1580+ SAT. Poor kids are disadvantaged for the first 18 years of their life and majority do not have access to same education to achieve the high level. So those that do and/or come close do it thru hard work and dedication only. These kids are smart and will go far given the right situation (ie. college that they can afford)

No one has a problem with SES based holistic admissions. It's the race based one that some people do not agree with. There are low income kids from all races, btw.

The current lowest income group on average is Black families (look it up), with hispanic families being slightly above that. So those that "have issues with race based holistic admissions" really seem to have a problem with black and hispanic kids getting accepted. However, those are the groups with the lowest average SES in the USA currently, so logically those are the groups who will benefit the most from SES based holistic admissions. Yes I know there are white kids who are also poor and plenty of them get accepted as well.

[Anonymous]

Anonymous wrote:Top LACs with big endowments have generous aid too though.

I guess low income is the new privileged. If your family makes 80k a year, full ride. If they make 200k, you’re screwed.

Would you rather be in a family making 80K and your kid, if all the stars align, gets a full ride, or in a family making 200K?

[Anonymous]

Anonymous wrote:I didn’t know poor people make $150k or $100k.

Basically. Two adults making $50k a year = 100k. Those are lower paying jobs. In modern America that’s the new working poor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I would never borrow against a 401K, take out a HELOC, co-sign for a private student loan or take out Parent Plus loans. Not even for a CS degree from CMU.

I would co-sign some other family's private loan for a CMU CS degree!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I was actually thinking about CS at CMU as I wrote that. Beg borrow and steal to get that degree! Top tier CS and Econ degrees def worth the money w a motivated kid.

I turned down CMU because my family couldn't afford it. I went to a small college you've never heard of, then I went to a top law school and have done very well in life without having destroyed my family's financial future at age 17.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I was actually thinking about CS at CMU as I wrote that. Beg borrow and steal to get that degree! Top tier CS and Econ degrees def worth the money w a motivated kid.

I turned down CMU because my family couldn't afford it. I went to a small college you've never heard of, then I went to a top law school and have done very well in life without having destroyed my family's financial future at age 17.

law school? We are talking about CS.
Pull pay is not worth for most of other majors beside CS at CMU.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I didn’t know poor people make $150k or $100k.

Basically. Two adults making $50k a year = 100k. Those are lower paying jobs. In modern America that’s the new working poor.

Not every household is a 2-parent household.

Half of DC households make under $100k.

[Anonymous]

Anonymous wrote:Poor or Rich

Middle class are fukced

100% !!!!!!!!!!!!!!!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I would never borrow against a 401K, take out a HELOC, co-sign for a private student loan or take out Parent Plus loans. Not even for a CS degree from CMU.

I would co-sign some other family's private loan for a CMU CS degree!

Have fun with that. Your credit score will too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. OP, they are for rich people, with a smattering of merit-based poor and middle-class famliies so the rich can feel like they also made it on merit.

Yet 2/3 of students are receiving need based aid. So “primarily” doesn’t seem to work. And as I mentioned international students (typically full pay) are 10 pct. Doesn’t leave a lot of full pay domestic students. And half of them may not qualify for aid but parents are struggling to pay for it, borrowing against 401ks etc

Idiots in bolded.

Lol, you think it's a bad idea to wipe out your retirement assets to buy your daughter a $320k Bachelors degree in Anthropology from Bryn Mawr?

What if the 320k anthro degree from Bryn Mawr is a 320k artificial intelligence degree from Carnegie Melon or a 320k quantitative economics degree from MIT? It's not just majors that you consider to be lightweight at SLACs that have become unaffordable

I was actually thinking about CS at CMU as I wrote that. Beg borrow and steal to get that degree! Top tier CS and Econ degrees def worth the money w a motivated kid.

That's my point. People love the example of art history at Colby, but there are degrees that will pay off if the family can find a way to fund them. I used AI instead of CS because you can find comparable CS options for cheap, the same isn't true for AI. Likewise, you can find econ degrees anywhere, but MIT educated quants are going to get the jobs they want