Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

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[quote=Anonymous][quote=Anonymous]Question says it all. I have been hearing all of my friends who are federal government workers saying their kids are not eligible for financial aid. But I don't think this is enough $ in income to afford $70K in college costs per kid per year. And it's not as though these families had extra income before their kids went to college - in this area, a mortgage, saving for retirement, and cost of raising kids will eat up all of that income. Where does the extra $ come from if they don't get financial aid?[/quote]

If the parents failed to save, the smart kids go to where they can afford.  That can be in-state schools, OOS with merit, private schools with merit, start at CC and move to 4 year school, etc.  But they are likely not attending a T25 as merit does not really exist for those.

Some naively/stupidly go into massive debt (the parents do).  But most simply pick what they can afford.  
If you have a good student, all they need to do is step down "1 to 2 tiers" and they can easily find excellent merit.  College can be affordable.

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