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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We did not save for kids college, prioritized our investments. We was not eligible for any financial aid with the gross income around $250,000. Both kids got full merit scholarships. There are a lot of free college options, I don't see any need to pay high $$$ for college when there are plenty free options. One kids was admitted to three Ivy league schools, chose to go to the school with full ride instead.[/quote]

Really gross that you took money from another student who needed it as you were too selfish to save.  [/quote]

I don’t think you understand the term “merit scholarship.”[/quote]

Yes, I do.  Greedy selfish parents who refuse to save a dime and can afford college.[/quote]

You’re crazy. If anything, current FA practices should take merit into account more rather than less. [/quote]

You think parents who make a large income, live in a million dollar house and live comfortably shouldn't have to contribute a dime?[/quote]

DP. If they have a kid that the colleges really want, yes. Colleges give scholarships for all kinds of merit — athletic, musical — why not academic?

There are about 20-30 “top ranked” schools that give very little or no merit aid. Above that, a smart kids with great stats don’t pay “sticker” price, no matter what their parents’ income.

We’re “rich” by any definition, and saved plenty of $$ to send DC to an expensive private university and every college he was accepted to offered him merit aid based on his academic record. He could have attended our in state flagship for the cost of room and board, but chose a private university that offered him merit aid of over 50% of their very high tuition. In exchange, they get to add his test scores and grades to their class averages. Win/win. He’ll probably use the money left over for graduate school (unless he gets scholarships for that). [/quote]

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