Reply to UVA vs Cornell, Georgetown, etc. for in-state

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[quote=Anonymous][quote=Anonymous]LOL. Maybe you believe Harvard knows what it’s talking about:
https://college.harvard.edu/financial-aid/how-aid-works/fact-sheet
[b]
Think about it this way - if you make $150k, your Harvard tuition is $15k. You’re left with $135k.  If you make 170k and they gave a pittance of aid - say 5k - then you’d have to pay $65k and be left with 105k. If that were true, families would take a pay cut to get their income under $150k and come out way ahead![/quote][/b]

Yes, it's "need based free" ONLY if you make less than the $65K (and that's gross by the way, not after taxes).  A family making $300 spends almost half in state, federal and property taxes.  That takes you to $150.  Let's say you spend 75 (70K to be realistic for airfare) for HYP for one year, you are now down to living on 75K.  You have another child in college or in private school, subtract that.  Then sibtract the mortgage, the life insurance, the utilities, the food, the cars, car insurance, care for elderly parents, retirement savings, etc.  You are now in the hole.  That's why some students who got in to HYP went to UVA.  It's much better to save what you can to put aside for grad school.[/quote]

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