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Reply to "The New America: Elite Privates forever out of reach for UMC?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is insane that costs have soared to such an extent that only the very wealthy and those who qualify for need-based financial aid can attend elite schools.[/quote] Did you see the links in this very thread showing that elites give generous financial aid to incomes of $200K? [/quote] Yes, I did. One of my children applied to one of those schools, was accepted, and received $5500 in federal loans. That's it. We can pay about $50K/year but the gap (total $80K+ over four years) was insurmountable for us. DC is at a lower-ranked school with a big merit scholarship. I have a friend whose daughter attends Dartmouth. The parents are working class and make under $100K together. The DD will graduate with about $30K in loans. Not everything plays out as those schools advertise.[/quote]
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