Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry. Forgot to add their basic premise:

Middle-class families pay a higher price, but nothing like the list price. [b]Only affluent families pay something close to the list price. It’s true that many of these families don’t think of themselves as affluent. But they are – part of roughly the country’s richest 10 percent, with an annual income of at least $175,000 and a net worth of a half-million dollars or more. For them, a college bill approaching $70,000 can be decidedly unpleasant, yet it doesn’t reorder their lives.[/b][/quote]

I have zero complaints about our $200K HHI (although will note that it doesn't buy what it would e.g. in Omaha, notwithstanding FAFSA's indifference to such distinction), but it is not sufficient to pay full price at a school that costs $70K or more per year.

It is not a matter of "decidedly unpleasant"; it is a matter of "inaccessible."

To attend such a school, one needs to be low-income, middle-income, or in the top 1-2%.

[/quote]

We have that income too and have been saving since birth.  But even so, not a chance we could pay $70K.  Maybe two years, but not four.  We live really modestly in a small house to be able to save.  These schools are for the very rich and very poor now.

Out of current year's income, yes, probably... but saving for 15 years from similar income?  Should not be.[/quote][/quote]

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