Reply to Are top private colleges mainly for poor people now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Top LACs with big endowments have generous aid too though.

I guess low income is the new privileged. If your family makes 80k a year, full ride. If they make 200k, you’re screwed. [/quote]

Lol. I make $80k as a teacher and the least amount of money I’d have to pay for my kid to go to college is $22k. Nice discount but not a full ride or even close to it. [/quote]

https://www.npr.org/2022/09/09/1121953668/princeton-university-free-tuition-financial-aid[/quote]

Very few schools would offer a free ride and they have 5% acceptance rates. Not realistic fir the vast majority of students. [/quote]

Hence the reference to "top" private colleges.[/quote]

There are plenty of top colleges that don’t have the money to give all low income kids free rides. [/quote]

Basically all the top 20+ universities and even LACs have very large endowments and meet full need.  40-65% are receiving financial aid with average awards $50-55k.  Even the handful of need aware schools on this list meet full need.  Endowments are huge, there are only so many libraries you can build, and this is how they are spending their money--increasing the percentage of low income students at the school (while at the same time jacking up the full retail price every year for families who don't make less than $100k).[/quote]

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