Reply to Which private colleges have the best financial aid for donut hole families?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Somewhere on the college website they have “average cost of attendance “ most people pay $35k year for private college. [/quote]
I have not found any private colleges that cost so little. Most of the families on this forum are primarily interested in top 100 colleges and those typically cost closer to twice that amount which is why it can be hard for a family earning as much as $200k to afford without financial aid [/quote]

[b]Average cost of attendance. 
[/b]
Tuition and room and bird at hypothetical elite college — $75K

1 full pay student + 1 [b]first generation student[/b] who is paying $10,000 a year = average COA of $45K[/quote]

Exactly.  "Average" does not mean your average person.  What money a school has goes to low-income, Pell grant, first generation, URM, Athletes or other particular students the school wants.  The rest of us suckers pay $70-80K.  Our children received no merit offers and no financial aid via FAFSA except the minimum (then) $5500 loan.  Do not let your child look at schools that you cannot afford.  Every good college guidance counselor should tell you this up front.[/quote]

Paying that price is a personal choice.  We were clear with our kids, this is what we saved, this is what we can afford, we will pay for it all but you will not be taking loans and you can apply anywhere you want but you are not going if its over budget.  The choice is yours.  We have saved since a few months after birth.[/quote]

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