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][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 &lt; $150000.  If parents earn &gt; this, then they saved 0 for college.

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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. 
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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]

I agree 100% but the poster I was quoting is specifically judging this young person for applying to Ivies.  It's right there in her OP.  That is what I was replying to.

If she doesn't know enough about financial aid to know that Ivy's will offer financial aid, it's unlikely that she knows about merit aid and other things that impact tuition at other private schools. [/quote]

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