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College and University Discussion
Reply to "Are top private colleges mainly for poor people now?"
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[quote=Anonymous][quote=Anonymous]Often 2/3 of students at top ranked schools are getting need based aid that covers the vast majority of costs, on average. [b]200k is the typical cut off for need based aid (about the income level of a couple of school teachers at the peak of their careers aka “the wealthy”)[/b] It just seems these schools must be populated primarily with lower income kids and then 1/3 rich kids. I guess middle class kids end up at state school. [/quote] You seem to be forgetting that colleges get applicants from all out the U.S. Where I grew up and in many other parts of the U.S., $200K HHI is unheard of. The average HHI in the zip code I grew up in is in the $30,000s last time I checked. For many U.S. cities it’s under $80k.[/quote]
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