Reply to FAFSA says we can pay $90K; should we have applied for FA?

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[quote=Anonymous][quote=Anonymous]Merit aid is about yield management, not academic talent. That's why the most selective schools offer generous financial aid, but not merit aid.[b] Nearly a fifth of students receiving so-called merit scholarships have less than a B average and mediocre SAT scores, according to the National Center for Education Statistics. [/b]As a result, the net price paid by low-income students is often as high as, or higher than, that paid by more affluent students at the same institution.

If you earn/have enough to come up with an EFC of $90K on FAFSA, you can afford to let your child go anywhere. You certainly don't need other people to subsidize your child's education through financial aid or even merit aid. [/quote]

Bzuh? Then on what basis is merit aid awarded? Just needing more butts in seats? And why are the low-income students getting less merit aid than the higher-income students?

Sorry if these are dumb questions, but I really don't understand![/quote]

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