Reply to Will Georgetown still be a T30 in 10 years?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bad basketball, dorm rats, city is mismanaged & deteriorating, fed gov can’t get anything done, cramped ugly campus….yup, it’s the whole package[/quote]

The fact is, you need to be intellectual, hard-working, grounded, and gritty to enjoy Georgetown. If you need cushy, fancy dorms and a great basketball team, it's true, it may not be the place for you.[/quote]

+1. Amen.[/quote]

Georgetown is the one school that offered us zero aid. I’m a single mom (no dad), make 110k, but the problem is I own a 2 bedroom, 1 bath apartment in Brooklyn.  I called bcs it was weird - they suggested I sell the apartment. LOL[/quote]

I have worked for several colleges , and most would tell you the same. [/quote]

Well most t30 schools exclude primary home and retirement in assets. Georgetown is the outlier [/quote]
Shouldn't colleges consider primary homes and retirement assets above floors they set? One of the issues with financial aid is that it has been too targeted just on income rather than wealth. Too many people intentionally put more $$ into their homes and retirement to game the system as it stands. They should be giving the need-based money to families who really need it. 
Someone with equity in a $2.5 million house probably shouldn't be receiving need-based aid. Same with someone who has $2 million in a retirement account.[/quote]

But Georgetown has no floor.  I don’t live in a nice part of Brooklyn. It would sell today for maybe 450k. They counted 450k of it in my assets.  It’s capped at 4x income so if it was a 4mm house, I’d still be dinged only 110k times 4.

There’s a ceiling for rich people.  But no floor. [/quote]

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