Reply to What did you pay last year (tuition+living) for DC college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh, now we're talking about HYPS?  [b]Lots of people[/b] would find a way to come up with $60k to pay for those schools. [/quote]
Define "lots of people."  Assume such people have two or more children.[/quote]
What's your point?  HYPS have acceptance rates well below 10% (last year Yale's was 6% and Stanford 5%). These schools also report about 60-65% of students receive financial aid (they don't award merit scholarships). [b]If you get 2 kids accepted to one of these schools, you'll pay the tuition or get aid. [/b]If nothing else, play the lottery because you're really beating crazy odds as it is. [/quote]

Let's assume that the student in question is admitted.

My point is this:  If your HHI is say, between $180K and $250K, you will [u]neither get aid nor be able to pay the full tuition[/u].  There are some families who manage to save $600K post-tax for college for two children over the course of 18 years, but I'm willing to bet that such families are in a minority.  Most can pay a good amount of money for college, but not that much.

What part of that is so hard to understand?

Lots of people cannot find a way to come up with $600K for two college educations at the end of two decades raising children, particularly in a high COL area.

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