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College and University Discussion
Reply to "Colby/Bates/Bowdoin/Middlebury"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ssingle mom by choice here - 120k income, but with a paid off apartment in nyc and about 800k outside retirement. (I used to make more and invested aggressively for 35 years). I am one of those people who is well off by most any definition, but out of luck for FA and really can't afford to spend 80k a year for 8 years. Colby was the one no-merit school that provided substantial FA. For people like me financially, Colby is worth a second look. [/quote] There are other options, too. Check out the net price calculators for specific schools. We make well more than you and final tuition would have been closer to $40K for many of the selective liberal arts college our kid got into.[/quote] Good to know. Obviously didn't apply to a million schools - did run what felt like a million NPCs. Kid had 14 acceptances, mostly top 40 privates and Colby was the only no-merit school that gave us FA. There were others with merit, publics, etc. Can you give me an example of another top private that gives FA to families with substantial assets outside retirement. I have a second kid about to start the process. I realize it's the assets not the income. FA-wise, I'd be better off with 200k income and no assets. But I prefer my situation 99% of the time (the 1% was when paying for college). FWIW, Kid 1 didn't go to Colby so I can't comment on the schools, except that they made me happy for a moment![/quote]
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