Families making $200k - $400k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

That is really greedy to live in a million or more house and expect aid like you are low income. We paid 400k so we could easily save and pay for college. Others should not have to support your lifestyle spchoucces and selling the house is an option.

Do you live in DC area? Do you know that a 20 years old 3br apartment in a good school area is over 600k? This is not a greedy life! You don't get anything more than a small, old townhouse in a good school area for 1 million house these days. This is the reality. Far from greedy, luxury life you are invoking. Plus earning 300k now doesn't mean you earned the same 3-4 years back.

What's luxury is to send kids to private colleges nowadays not live in a 1500sq ft townhouse that cost 1 million and you pay back in 30 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

The price of college in this country is outrageous. It needs to change. But I am just saying that I wouldn't have expected aid for someone in your situation from need-based schools.

Outrageous is spending a million on a house and feeling entitled to a free college education because you did not manage your money well.

Too be fair, someone could have spent $500k on a house not that long ago and find themselves in a million dollar house now.

We spent $675K on our house and it is now worth 1million. But we also have a lot saved for our kids

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

The price of college in this country is outrageous. It needs to change. But I am just saying that I wouldn't have expected aid for someone in your situation from need-based schools.

Outrageous is spending a million on a house and feeling entitled to a free college education because you did not manage your money well.

Too be fair, someone could have spent $500k on a house not that long ago and find themselves in a million dollar house now.

where can you get that type of ROI? Not too long ago is less than 10 years and double your money?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

That is really greedy to live in a million or more house and expect aid like you are low income. We paid 400k so we could easily save and pay for college. Others should not have to support your lifestyle spchoucces and selling the house is an option.

Do you live in DC area? Do you know that a 20 years old 3br apartment in a good school area is over 600k? This is not a greedy life! You don't get anything more than a small, old townhouse in a good school area for 1 million house these days. This is the reality. Far from greedy, luxury life you are invoking. Plus earning 300k now doesn't mean you earned the same 3-4 years back.

What's luxury is to send kids to private colleges nowadays not live in a 1500sq ft townhouse that cost 1 million and you pay back in 30 years.

We have a very small house that you'd never live in and that's the point and yes we live in the area. If you just started making 300K, you don't change your lifestyle and save. That's what we choose to do. Yes, its greedy saying you "need" to live in a million-dollar house, etc. Nothing wrong with a small, old house, so you can meet your savings goals. While you are worried about paying for college with your big mortgage, we focused on paying off our house and putting ourselves in a good position for college. Try some financial literacy classes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

That is really greedy to live in a million or more house and expect aid like you are low income. We paid 400k so we could easily save and pay for college. Others should not have to support your lifestyle spchoucces and selling the house is an option.

Do you live in DC area? Do you know that a 20 years old 3br apartment in a good school area is over 600k? This is not a greedy life! You don't get anything more than a small, old townhouse in a good school area for 1 million house these days. This is the reality. Far from greedy, luxury life you are invoking. Plus earning 300k now doesn't mean you earned the same 3-4 years back.

What's luxury is to send kids to private colleges nowadays not live in a 1500sq ft townhouse that cost 1 million and you pay back in 30 years.

Your can send your kids to state schools. Privates are a luxury. Your entitlement is showing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

That is really greedy to live in a million or more house and expect aid like you are low income. We paid 400k so we could easily save and pay for college. Others should not have to support your lifestyle spchoucces and selling the house is an option.

Do you live in DC area? Do you know that a 20 years old 3br apartment in a good school area is over 600k? This is not a greedy life! You don't get anything more than a small, old townhouse in a good school area for 1 million house these days. This is the reality. Far from greedy, luxury life you are invoking. Plus earning 300k now doesn't mean you earned the same 3-4 years back.

What's luxury is to send kids to private colleges nowadays not live in a 1500sq ft townhouse that cost 1 million and you pay back in 30 years.

Your can send your kids to state schools. Privates are a luxury. Your entitlement is showing.

You little idiotic socialist

[Anonymous]

We pay $17k to a top LAC and $27k to a ivy+. HHI is $160k. 1.4M home with 400k mortgage. No investment except retirement savings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter.

Isn't this what you expected?

Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No.
So, only option are loans that are at more than 9%now.
Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.

The price of college in this country is outrageous. It needs to change. But I am just saying that I wouldn't have expected aid for someone in your situation from need-based schools.

Outrageous is spending a million on a house and feeling entitled to a free college education because you did not manage your money well.

Too be fair, someone could have spent $500k on a house not that long ago and find themselves in a million dollar house now.

where can you get that type of ROI? Not too long ago is less than 10 years and double your money?

Burke. And it was 15 years ago and $675k but you get the point

[Anonymous]

This get zero aid from T10 . More or less

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Merit aid looks at merit, not HHI/assets

There’s a lot of need-aware merit aid out there.

Only for URM and first generation

Poor white kids from places like Appalachia also would qualify. It generally is based on need these days.

Most poor white kids from Appalachia are first gen.

[Anonymous]

Anonymous wrote:We pay $17k to a top LAC and $27k to a ivy+. HHI is $160k. 1.4M home with 400k mortgage. No investment except retirement savings.

This is insane to have no investments and how do you afford that home and lifestyle or you get family help?