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College and University Discussion
Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"
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[quote=Anonymous][quote=Anonymous]We live in NW DC and make $250K-400K as do all of our friends and neighbors. We're all 2 income families in well-paying but not elite-paying DC area jobs (no law partners or senior lobbyists--we're mostly two fed households). We own expensive, old, small houses and pay way too much for childcare, etc. Otherwise we live pretty simple day-to-day lives: public school, Old Navy, etc You know the story. Some of our neighborhood friends' kids are starting to graduate from Wilson and I'm noticing a trend. They get into very good colleges (top 50) but these schools are full freight. Most end up going to second or third tier schools (public or private) that offer aid. Is this pretty much how it goes for people like us? (i.e. high income earners regardless of our daily housing/etc expenses). I can think of about a dozen NW DC kids who got into schools like Smith or Swarthmore or Cornell and half ended up attending (full pay) and half ended up going elsewhere (public or private) because the second or third school offered significant money. Do the "top" schools offer merit aid to students like ours? Or is our only way to get a kid to Smith to be able to pay $65K/year? (disclaimer--i have no idea how my elementary aged kids will fair in the admissions game or if top-50 schools will even be on their radar). [/quote] It is the same story over here in Northern Virginia. We tend to hover around $200k HHI and have saved enough to pay full freight if we must. Our youngest is a senior in HS this year, so we will know more in the spring. Our oldest is at a state university out of state- he gets nothing for need. With two in college next year we may get "something", but friends say it is all loans at that level- so we are back to paying full freight since we would like for them to graduate without any loans. [/quote]
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