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College and University Discussion
Reply to "How do middle class families pay for private colleges?"
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[quote=Anonymous][quote=Anonymous]Do all of them? My friend's daughter got into [b]Columbia[/b] and she didn't get any money. [/quote] Top-ranked schools, including Ivy league schools, do not give merit aid. They don't have to - they attract plenty of qualified full-pay applicants. For those who qualify for need-based aid, they have huge endowments to cover that. Families who can neither pay full price nor qualify for need-based aid at such schools are out of luck. They can take out massive loans or remortgage their houses. Or choose another school.[/quote]
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