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College and University Discussion
Reply to "University of Chicago To End Loans"
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[quote=Anonymous][quote=Anonymous]I'll never forget getting accepted at U Chicago (my dream school) in 1994 and being offered ... a measly $5k in grant aid. I chose a lesser ranked SLAC and emerged with 1/10 the debt I would have at Chicago. [/quote] I was going to say, I know a brilliant kid who got in. His parents have three kids, and he is the oldest. The other two are in high school and they make about $140k/year. UChicago expected his family's contribution (no loans or aid offered), to be $52k/year. He's going to a state school. I'm not scapegoating UChicago, many schools are just as bad or worse, but unless their offer means that kids can afford to go in the first place, it's kind of meaningless for a big chunk of the population. [/quote]
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