Your statement has nothing to do with reality though. |
+1 The only people who say these things are those who got rejected from non-HYP ivies or were not even qualified enough to apply. They are bitter and try to make themselves feel better. No one in their right minds would choose UVA over a non-HYP ivy if they could afford the ivy. And if they genuinely could not afford it, then most likely they would qualify for need-based aid at the ivies. |
HAHAHA! Have you never heard of donut hole families? We make so much that FAFSA gives us only the minimum loan amount per child ($5500 first year), period. And, no we cannot afford HYP in after-tax dollars. AT 66,000+ a year (including travel expenses), we have to make $120,000 or so to afford the "per year" just for one child. We have three in the Virginia system. That would mean we have to make $360K a year if they were to go to harvard in pre-tax dollars. For four years that would be $1,340,000 on top of regular living costs to afford Ivy. As most kids are doing, one of our children is taking five years to graduate. So throw in another $120K for good measure, meaning it would cost us 1 1/2 million to send three kids through private. So when it came down to an ivy, NYU or any private where child would have to be flown versus UVA, UVA wins at $26K a year (the price when we entered). Thank the Lord for Virginia colleges. Yes, we're saving but that's for grad school. The HHI to qualify for NYU or Harvard's free tuition plan is so low we would never qualify ($112 - 125K). |
I turned down Columbia and Cornell for UVA. My parents could have afforded all three (and offered to pay for all three at zero cost to me). The difference paid for most of my law school education so it was worth it, especially not that I work on the government next to Harvard law fradscthst are still paying off their law school debts. The snobbery on this board is perplexing. |
One of those, huh? Another reason to avoid VA state schools. |
LOL I think the concept of need-based aid, which is generously available at all ivies, has really gone over your head. Based on what you describe you would have qualified for substantial financial aid at all the ivies. |
+1 beyond stupid. thank god for people like this though, they make the elite college admissions process easier for the rest of us haha. |
No, I addressed need-based substantial aid. If you make over $117,000 or 125,000 at say NYU, you simply don't qualify. The Ivies say a lot about "we provide a free educate" but the small print has a HHI cut-off. You file the FAFSA. They say "No, you make too much money to get FA". FAFSA results go to the Ivy. Your child gets the minimum $5500 student loan. That's it. Where does the rest come from? The parents. OR bank loans with a much higher rate of interest if you can find them. |
| See? Harvard's need-based offer stops at a family income of $65,000. https://college.harvard.edu/financial-aid/how-aid-works/harvard-financial-aid-initiative |
| Princeton's need-based HHI stops also at $65,000. Financial aid of any kind stops at $120K. |
| Same at Yale. Families with less than $65K gross qualify for the need-based plans. https://admissions.yale.edu/financial-aid |
Again: You do NOT turn UVA down except in the circumstances I mentioned. UChicago does not provide a well rounded experience. |
| Definitely pick Cornell over UVA unless you will go into major debt to pay for it. |
| The recent HYP financial aid posts are so ill-informed as to seem intentionally wrong. They are FREE for people with HHI of under $65k and capped at 10% of HHI up to $150k. Then there’s a sliding scale of aid all the way up to about $250k b |
No, it stops for all intents at purposes for SOME Aid (a pittance, like $3K) once you go over $150K. Trust me. File with FAFSA and say you make 300K and they will mail you back a laugh track. Full ride for those under 65K as stated above - peanuts above until $150K. Even with the peanuts UVA is a MUCH better financial and sound decision. Strange how all of those universities have the same cut=off numbers. Might be time for another antitrust suit aimed at the Ivies. What frustrates me is that the recruiters won't tell the students the cut offs so they get all wound up thinking mommy and daddy can afford 80K to go to NYU, "But the counselor said they meet ALL NEEDS". Well, that's "NEEDS" as determined by the federal government in the form of FAFSA. |