Reply to The New America: Elite Privates forever out of reach for UMC?

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[quote=Anonymous][quote=Anonymous]The generous policies that the top schools (the ones with no merit aid) brag about all assume “typical assets.”  I don’t know what that means exactly, but it can eliminate aid for people who save.  Yes, some schools ignore houses and most only take a small percent (each year, for each child) of the parents’ assets, but don’t those same schools expect the parent to magically divert about a third of their annual income to college, requiring loans or spending down other assets if one continues to live while the kid is at college?  It’s been a while since I read all the formulae.  
Anyway, maybe a typical school needs lots of full pay kids to offset the kids with need, but I don’t think Harvard, etc, really needs the money of the older parents in this conversation.  [/quote]

Of course they don’t need the money they have the biggest endowment in the world.

The question is what they think is fair to take, and best for the institution and for them to build the class they want..

That may not align with some families financial goals, and while unfortunate, certainly understandable.[/quote]

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