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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Those expensive schools need to prove their worth. Many middle- and upper-middle-class families don’t qualify for financial aid — yet they also happen to have the most competitive kids applying to selective schools. It makes no sense for them to keep funding institutions that give them nothing in return.[/quote]

Top schools give need based aid of some amount all the way up to 300k household income and occasionally higher. That is well beyond upper middle class it’s top 2%! If you cannot afford full pay for one kid above that then you have serious saving and budgeting issues. There is NO middle class donut hole, only an upper class one, a first world problem no one should complain about. [/quote]

They really don’t provide much if any aid to donut hole families. And if you live in a high COL area, a salary of 250k or so doesn’t go far. You also assume the parent was earning 250k+ for years and could save. The fact is that 90k a year for schools is RIDICULOUS and the schools need to fix this. [/quote]

DP:  So if they were not earning 250K for 18+ years (which is most likely true), then as they went from $125K to 250K, they could have chosen to direct a good portion of that to retirement AND college savings.  $20K/year saved for 10+ years and invested in stock funds would allow your kid to attend almost any school. [/quote]

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