Reply to At what HHI level do you not receive financial aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]My guess is if your Harvard qualified child looked at your budget, they could find the money.[/b]

However, it is your money and you should spend it however you see fit and there are lots of reasons to not break the bank on undergraduate costs.

"The NPC makes Harvard unaffordable for us (HHI $225K). Too bad, because our DC is qualified."[/quote]

+1
225K is more than 5x the average HH income in the United States.  I hear upper middle class families complaining about how they can't afford college for their kids, and meanwhile they have a $1 million dollar home where they just spent $100K on renovations, 2 new SUVs and expensive Disney vacations. People need to get better about separating wants vs. needs.

[/quote]

You don't know the specifics of my situation and you don't know what you are talking about.  We have a mortgage on one home, drive 10yo cars, and have never taken our kids abroad on vacation.  There are a lot of people like us in this area.  $225K in DC is not the same as $225K in Tulsa, but the EFC calculator does not take that into account.

Tuition increases make affording school a huge problem for the vast majority of people, even the upper middle class.

http://www.huffingtonpost.com/jonathan-r-cole/misconceptions-about-the_b_779444.html

http://www.huffingtonpost.com/2014/06/18/college-tuition-unaffordable-growth-median-income_n_5505653.html

Scroll down this piece to college tuition:

http://www.mybudget360.com/cost-of-living-2014-inflation-1950-vs-2014-data-housing-cars-college/

[/quote]

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