Reply to "Typical Assets" as considered by University Financial Aid departments

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I figured for most schools it was about 200-250k.  One school publishes that (maybe Princeton) and when I did a lot of NPCs, that number seemed to be the line.  Then it ramps up after that.

[b]It's all pretty classist, imo. A two income family making 200k gets a lot of aid per marketing materials at these schools.  And if you have a million dollar home? Fine! But if you have 400k in an account because grandma died? Not okay.  You could drive an uber, have zero retirement, zero assets, and win a 1million dollar lottery and have to pay Princeton full fare.  But if you had a million dollar house and 3 million in retirement, you'd get aid.[/b][/quote]

This might me the dumbest post I've ever read on this topic, and there's some pretty stiff competition.

In the first scenario, yes, if you inherit money it is considered an asset, and you will be expected to use it for college.  Why on earth wouldn't you be?

And in the second scenario, yes, you are expected to use your lottery winnings (!!) to pay for college.  Good lord.

[/quote]

I call bullshit. If I'm feeling irritated that my full freight tuition payments are essentially paying for not only my kid to attend college, but also paying for 2 - 3 of their cohort, I have a right to question why the overall cost of college has become sky high. And that's after reckoning with the fact that the income and assets being used against me in the tuition calculation process were already used against my kid in the admissions process.

If you took the total cost to run a top private school and distributed that over the entire student body, the average annual cost to each family would be no more than $20 - $30K (and not $90K+) ...

I know. Boo hoo. "Great problem" to have. Whatever.[/quote]

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