Reply to need-based aid vs. merit aid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's not outrageous. Schools can engineer their costs and financial aid  and the demographics of their student body any way they see fit.  They clearly see some advantage in drawing students from a wider variety of SES backgrounds.

Your kid doesn't have a right to go there. It's a privilege. If you don't want to pay the asking price and you don't see an advantage, then go somewhere else. Kids in high SES have a ton of advantages. The absence of financial aid from a handful of schools doesn't even begin to level the playing field. [/quote]

I agree with this, and I say this as someone who has a fairly high HHI (although perhaps not by DCUM standards). We will have an estimated family contribution of about $45k, which means DC will qualify for some financial aid at schools that guarantee to meet need.

But DH and I don't think we can really afford to pay $45k. We view $30k/year as more realistic for us. So we have set our sights on in-state publics for DC. DC is welcome to apply to other schools, but those schools will be not be considered unless they pony up merit aid to bring the cost very near $30k/year. If they don't, no problem--plenty of in-state options available. Our DC has had many advantages, and [b]attending a state school will not do him any noticeable disservice[/b].[/quote]

But what would you do if your DC insists on attending 60k/year school (i.e., "dream school")? [/quote]

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