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

[Anonymous]

if you're HHI is 200k and you're getting nothing in aid, I'd call.

Obviously you have a ton of assets. But call and maybe they can tell you what's killing you. even if you're full pay this year, you can change and get more for the next 3 years.

[Anonymous]

Anonymous wrote:if you're HHI is 200k and you're getting nothing in aid, I'd call.

Obviously you have a ton of assets. But call and maybe they can tell you what's killing you. even if you're full pay this year, you can change and get more for the next 3 years.

You can also play with the net cost calculators and see what's killing you. If you're less than $200k HHI, it's your assets. In our case, we left DC but kept our condo there as an investment property. We've rented it out and paid it off, but we would have done much better to sell it 15 years ago and buy a bigger primary home. :/

[Anonymous]

Anonymous wrote:if you're HHI is 200k and you're getting nothing in aid, I'd call.

Obviously you have a ton of assets. But call and maybe they can tell you what's killing you. even if you're full pay this year, you can change and get more for the next 3 years.

Oh good lord.

OP, your kid got into HYP, and more than one. Either take out student loans , or sell a few stocks, or goto state U.

Not getting aid from HYP is no more worthy of empathy than not getting into HYP

[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 mean, this just is not true.

[Anonymous]

Anonymous wrote:

Anonymous wrote:if you're HHI is 200k and you're getting nothing in aid, I'd call.

Obviously you have a ton of assets. But call and maybe they can tell you what's killing you. even if you're full pay this year, you can change and get more for the next 3 years.

Oh good lord.

OP, your kid got into HYP, and more than one. Either take out student loans , or sell a few stocks, or goto state U.

Not getting aid from HYP is no more worthy of empathy than not getting into HYP

yeah, smart people with smart kids trying to consider things thoughtfully and basically being locked in their entire lives? how annoying.

roll over, OP. that's what these people are doing and they advise you to do the same.

(I advise making the call. why wouldn't you)

[Anonymous]

I played with the NPC. It looks like if you make $200,000 a year and have more than 2.5 million in assets outside of retirement and primary residence, you won’t get aid. But do you think you should?

[Anonymous]

Why would a person with 200k in retirement and 2mm outside get more or less with a person with 2mm in retirement and 200k outside.

[Anonymous]

Or a person who doesn’t own real estate. Like half the country.

[Anonymous]

This is all moot. Market bounced back. All of Trump's insider buddies surely cashed in. We're all rich! Yeah. USA!

[Anonymous]

Anonymous wrote:I played with the NPC. It looks like if you make $200,000 a year and have more than 2.5 million in assets outside of retirement and primary residence, you won’t get aid. But do you think you should?

By all means, call them up & tell the $25/hr person you are talking to that you have hit rock bottom & are down to your last $2.5 million (not counting retirement & residence). They will be in tears over your predicament, & they will likely put you on hold while they email a Somali orphan to tell him sorry, but there’s been a change of plans because they found someone in more dire circumstances.

[Anonymous]

Anonymous wrote:

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).

How are you going to handle people like my BIL who works at a low-paying ostensibly full time job that is really a sinecure, but absolutely could do a high paying job (he has multiple advanced degrees and did fin in corporate America). He just prefers to drink beer and sit around the house. He doesn't spend that much, really, so looks deserving. Then there is also the father of a friend who is disabled and looks the same as this on paper but has a chronic disease, so he really couldn't earn money.

I agree the system is broken but it's never going to be fair.

[Anonymous]

Anonymous wrote:If you haven't committed yet, you hold more cards. I agree these schools are thinking about money more than ever. And they accept a lot of kids with a lot of aid. If they lose you at 80K a year, they may be enrolling a kid who pays nothing. (unless they have a waitlist that is fully need aware, I dont know)

Nah. They have thousands who would take that spot in a second- even in this market. The WL are big and filled with kids that have everything that those admitted have—they limit WL to kids that had virtually the same stellar records

[Anonymous]

Anonymous wrote:

Anonymous wrote:I played with the NPC. It looks like if you make $200,000 a year and have more than 2.5 million in assets outside of retirement and primary residence, you won’t get aid. But do you think you should?

By all means, call them up & tell the $25/hr person you are talking to that you have hit rock bottom & are down to your last $2.5 million (not counting retirement & residence). They will be in tears over your predicament, & they will likely put you on hold while they email a Somali orphan to tell him sorry, but there’s been a change of plans because they found someone in more dire circumstances.

this isn't how it works at yale. you book a zoom, you're talking to professional who make 150-200k a year, those won't put you on hold, they'll take a look.

sorry that your experience at your university is so shitty.

[Anonymous]

Anonymous wrote:Or a person who doesn’t own real estate. Like half the country.

I hate this part. Why are we subsidizing people who own multi million dollar homes. tap the equity, pay the tuition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Or a person who doesn’t own real estate. Like half the country.

I hate this part. Why are we subsidizing people who own multi million dollar homes. tap the equity, pay the tuition.

sell a jag , hock the old lady's diamonds