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College and University Discussion
Reply to "UVA vs Cornell, Georgetown, etc. for in-state"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Am I alone in thinking that it's ok if people who make $300K a year and/or have $1M in non-retirement assets not to qualify for financial aid? Financial aid is meant for people who don't have the means to pay for college, not for people who do have the means but choose to spend the money on expensive houses or other non-essential luxury items.[/quote] Did you read the thread? The poster with $300K income has spent their savings on private school and tutoring and has other commitments (parent care, two other children, retirement, etc). I get your point but don't talk like Ivys and other top schools are giving out a lot of aid. [b] If you aren't poor (yes, 65K/yr is poor), you don't get aid. Period[/b].[/quote] [b]THIS IS COMPLETELY UNTRUE[/b]. My family made $165,000 last year. My kid is a freshman at a non-HYP Ivy. We are paying $24,936 this year with no loans. I know this because my 8th and final $3117 payment of the year is due next week. We are receiving more than $45,000 in financial aid - and yet we make $100,000 more per year than your farcical $65,000 financial aid cutoff point. [/quote]
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