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College and University Discussion
Reply to "Can someone explain the lure of selective colleges?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Running the Net Price Calculators, the selective schools are among the best resourced and give the best financial aid! [/quote] Yes, for the poor the lure is obvious. It’s a free ride. For the middle class it’s much less clear, as anyone who can get into Harvard can likely also get a full ride at a less selective school. So even with a substantial need-based discount that brings the COA down to $25k per year, you’re looking at $100,000 of unnecessary debt over four years.[/quote] Poster you're replying to. Our HHI is around $200k and the difference between grants and loans between schools can still be quite significant. It's much more advantageous for my DC to get into a decent private university than an OOS public for example. [/quote]
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