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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][quote=Anonymous][quote=Anonymous][quote=Anonymous]People’s perspectives, particularly on the DMV, are pretty skewed because on the whole, this is a wealthy pet of the country. . Colleges recruit nationally. A HHI of $180,000 is in the top 10% nationally. https://dqydj.com/household-income-percentile-calculator/ [/quote] There are also a lot of students in this area with high stats who would naturally be more interested in a top 100 school. [/quote] And since only about the top 25-30 offer no merit aid at all, most families make it work somehow. However, if you are fixated on only the top 30 schools, full pay or not, you are setting yourself up for disappointment. [/quote] Absolutely true. The Ivies and top schools don't offer merit aid because they don't need to. Of the 8 top schools that DC applied to, none offered anything in merit aid. The only offers came unsolicited from struggling LACs you've never heard of because they purchase the SAT and ACT top scoring lists. If you are willing to drop down a tier or two you may find some merit aid but don't count on it for the elite schools.[/quote] For “elite” schools without merit aid, their FA is often better than non-elite schools. They even adjust FA based on GPA and test scores. [b]Their merit aid is just rolled into FA. [/b][/quote] While it's true that need-based financial aid at elite schools is often better than at non-elite schools, full-pay students aren't getting hidden merit "financial aid" due to GPA/test scores. Full pay is full sticker price, period.[/quote] Only 12% of students pay full tuition, meaning 88% are subsidized. You can call that FA, merit, scholarship, fellowship, tuition reduction, or whatever. [/quote]. Mostly they call it ‘loans’[/quote]
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