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College and University Discussion
Reply to "Is it common for kids to fund their private college education entirely on loans? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a niece who is attending an instate public and is taking out loans for the entire tuition. Her sister is now applying to colleges which include a few ivies. She is willing to to take out loans to fund the entire $280,000. This seems crazy to me. Do kids really do this?[/quote] An Ivy would provide essentially free tuition if parents earn < $150000. If parents earn > this, then they saved 0 for college. [/quote] I'm guessing they make around $175,000. On that income it's hard to save for college for 3 kids and provide them with a middle class lifestyle. [/quote] On that income, it's pretty certain that she'd get financial aid at an Ivy, especially if she's got a sister in college at the same time. [/quote] Newsflash- Ivies are not an option for the vast majority of students.[/quote]
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