You are upper class if you live in Potomac except for the low income housing. If you can afford a 1-5 million dollar house you can afford college. |
That's a very unusual situation because many elite schools give steep discounts even to families earning $200k/yr. |
Many, many people did not have access to Naviance stats for Blair at the moment. |
Engineering magnet or home school program? |
MIT does not admit. and has no interest in admitting, students incapable of graduating MIT. |
I’m not the PP you are responding to but we are in the same situation. Our income is just below $200k but what you are missing here is assets. They only give you aid if you have “typical assets”. What they define as typical is not much. We don’t qualify for anything and yet our assets are largely for retirement though for various reasons not all in retirement accounts. Similar situation if you have a rental property - you are expected to sell it to pay for college even if it’s your entire retirement plan! |
The parent who claimed this said she has a senior in the program. She can certainly see the data on Naviance |
The. You do have a lot of resources……yes it’s fair to expect you to sell a rental or use savings. |
Judging everything through racism perspective. The same moronic arguments that ended us with the current president. The kid applied to MIT and later backed up. It was his choice to apply there and his choice to pick another great school. And FYI the so called "racist" comment is the reality as told at school. Be proud, you caught and resolved another "racist" problem today. |
But this is more a government own process since how much you afford to pay is decided by FAFSA score. Schools get the FAFSA and if that number is higher than annual education cost then parents pay everything. Schools don't own or decide the formula but government does. Am I missing something? Please correct if wrong. |
Yes, I know, and no, it's not an unusual situation. |
I don’t have a rental and fully expected to use savings. I can’t use ALL my savings though and I don’t earn enough in this high cost of living area to pay out of my pay check. The amount that is considered “typical” savings when calculating that the free tuition promise is not transparent and seems to discount anyone with moderate savings. 95 percent of DCUM posters wouldn’t be eligible even with income under $200K. |
Attending top schools is a privilege and comes with a high price tag. Unfortunately the middle class families are in the worst situation since they look like having enough to pay but the reality contradicting that. No solution other then sharing the cost (maybe 1/2 - 1/2) with the child through loans. If it worth it depends on multiple factors (most of the time the answer is no). I understand the frustration since we are in the same boat. |
How is this an issue? You choose to spend your money on houses and other things vs college. Or, retirement. You can pull from retirement. |
$200k income, two or more homes and large retirement savings is not middle class. |