Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are there seriously people here making 200k+ and bitching about not getting need based aid? Do you even listen to yourselves?[/quote]

I have been trying to say this, but in a kinder way.  It's a sensitive issue.  I agree with your point but your method is questionable and won't convince anyone.  It's hard when you realize you haven't planned properly to give your kid something they really want.  It's painful.  A little sympathy and understanding is called for.[/quote]

Are you reading what people are writing?

People are planning and saving.  And it is still inaccessible.[/quote]
Tell you what, let's trade paychecks. I'll still live on $40k and have $160k to send my kid to school. You can get a Pell grant. Win/Win

[/quote]

You are missing the point.

I acknowledge that I am affluent with a HHI of $200K.  That is not in dispute.

What is in dispute is the proposition that I can access education at an elite school for my kid, so long as I can handle that it will be &quot;decidedly unpleasant&quot; for my family.  Which is simply not the case.  It is not a matter of &quot;decidedly unpleasant&quot;; it is a matter of impossible.

I would be very happy to pay say, $40K for that education and for you to pay nothing.[/quote]

So I should either donate more to my alma mater so it can give $30k/year to students from families earning $200k who are already over represented on campus or pay tens of thousands more in full pay tuition (that would also have the effect of scaring away students from families earning &lt;$100k)?

There is no magic money that does not require trade offs or enough &quot;waste&quot; to eliminate that will cut tuition by more than half.  Should colleges just give less financial aid to those who aren't in the top 10% of incomes. In the old days (before 1970) there might have been a couple dozen students in an Ivy class that were truly middle income or lower. Now, they get financial aid and are the majority of students. [/quote]

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