Reply to Washington Post article on colleges that reduced tuition costs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hardly anyone pays sticker price.[/quote]

People say that, but I'm solidly middle class - $150,000 in NOVA and I know many families at our income who did not receive a dime in financial aid at these private colleges.  Which colleges give financial aid (grant, not loans) to families making $150,000?[/quote]

[b]In general, colleges ranked below around the #30 level by USNWR give merit scholarship money to high performing students.[/b]

Name-brand, elite schools do not, with the exception of e.g. Ivy League schools with huge endowments, who do give need-based aid to families making $150,000.[/quote]

My niece received some scholarships from private schools ranked in the 60-70's, but even with the scholarships, the tuition would still have been higher that what she is paying to attend a similarly ranked public university in her state.  Something about this just doesn't compute with me.  Why would people pay more to attend a private school that has the same ranking as some of the public schools in their state?  It seems to me that many of these families must still be relatively well to do, that they can pay $10-$15,000 a year more in tuition for their kid to attend a similarly ranked school that just appeals to them more.  Those of us who have HHI less than $200,0000 can't spend the extra money just cause their kid likes the school more.  It would have to be significantly higher ranking for most truly middle class families to deem it worth paying for.  [/quote]

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