Reply to making $250-$400K in NW DC and paying for college out of Wilson High school or similar

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Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Another way to look at the steep drop-off in financial aid as family income moves above $120K is as a very progressive tax rate.  Top private colleges think it's fair to take up to 75% of your incremental income above $120K in the form of reduced grant aid.  I can see how that stings and feels confiscatory.  And there's usually no aid penalty for a spouse not working.  It's similar to the situation where an income gets eaten up by childcare expenses.[/quote]

It's not confiscatory at all. It's not MANDATORY that you attend a private college, folks! (If they raise the federal income tax rate again...that's another story. You can make an argument using words like confiscatory in that situation, lol). It's a private institution, they can charge what they like! [/quote]

Sure, it isn't mandatory, but who wouldn't give up the chance to use their hard-earned money to subsidize the education of someone else's kid?[/quote]

If that's how you really feel, there's a simple solution for you. Don't opt in. [/quote]

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