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[quote=Anonymous]I'm just having random thoughts.  Let's say a child is admitted to Harvard or a similar caliber school.  Everyone always says, if they're admitted, they'll figure out how to pay.  But what exactly does that mean?  It's my understanding that the Ivy's don't grant merit aid.  So the only assistance you're going to get is need based.

Let's say you live in DC in your house that you bought 15 years prior to going to college.  You have some equity, but not oodles.  Let's say there is not $250K in equity.  You've been a diligent parent and you've put away some money for college.  Let's say over the course of 18 years, there is now $100K in the college fund.  You have your fantastic DC job that pays $150K/yr.  All this is to say that you probably don't qualify for need based assistance.

Where does the money come from?  Or do you have to say, I'm sorry, it's just not in the budget.  Yes, there are loans available, but I don't think even student loans would cover Ivy tuition, room and board.[/quote]

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