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College and University Discussion
Reply to "What money is fair game for financial aid?"
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[quote=Anonymous][quote=Anonymous]If your HHI is between $200,000 and $300,000 and you live in a major metropolitan area, plan to go in state. Otherwise you'll be transferring one-third of your net worth to some random college somewhere.[/quote] Our HHI is much lower, and we were told we need to transfer more than 50% of our savings/investments to a private college. We are not eligible for any form of FA, except loans. Our kid is going in-state. There's no other possibility. She's not likely to get a full ride from a place like Duke or U Chicago despite her excellent stats. And merit from second tier LACs won't be enough to lower the cost of attendance to in-state rates, which aren't cheap, BTW!! Our in-state costs hover near $30K per year, which is double what my parents paid for me to attend an Ivy years ago. It's insane what college costs these days. [/quote]
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