Reply to any surprises in terms of financial aid for upper middle class kids?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on so much more than just income. When touring some of the super-elite schools (Princeton comes to mind), they gave percentages of how many families making over $200k received aid (something like 20%) and what their average financial aid packages were (something like $20k, and none of it was loans).  So clearly there are some families making over $200k that are getting significant aid from the schools with huge endowments. Princeton wasn't the only one. [/quote]

This is my impression too. There was a study done recently that showed that [b]the majority of students at these elite schools come fro upper income families.[/b] There are very, very few poor students attending these elite schools for all their socioeconomic diversity talk.  So someone is getting need based financial aid.....

https://www.nytimes.com/interactive/2017/01/18/upshot/some-colleges-have-more-students-from-the-top-1-percent-than-the-bottom-60.html?_r=0

We are trying to build a [b]very diverse list of schools [/b]and [b]including schools that offer merit aid and the list will include a couple of Ivy and little Ivy schools too[/b]. I'm really curious about how financial aid [b]and merit aid[/b] will shake out (if DC even gets accepted).[/quote]

Ivy and "little Ivy" (whatever that means) schools do not award merit aid.

Nor are they diverse, according to the link you provided.

In any case, the headline reads, "Some Colleges Have More Students From the Top 1 Percent Than the Bottom 60."  The top [b]1 Percent.[/b]  The 1 Percent can easily pay full price at Ivy and "little Ivy" schools.

[i]According to statistical data from the Internal Revenue Service (IRS), the top 1% had an adjusted gross income of $465,626 or higher for the 2014 tax year. The Washington Center for Equitable Growth put the average household income for this group at $1,260,508 for 2014.[/i]

http://www.investopedia.com/news/how-much-income-puts-you-top-1-5-10/#ixzz4dHkYZDLX

These people are not getting financial aid.

On the other hand, the top e.g. 5 Percent cannot easily pay full price (currently close to $70K/year) and are unlikely to get much if any need-based aid.

http://www.nytimes.com/interactive/2012/01/15/business/one-percent-map.html

I can tell you from personal experience that Harvard will give a family of four earning $220K/year zero dollars in need-based aid.  We are in the Five Percent.  For us, the only choices are in-state or schools that award merit aid.[/quote]

Yes understand that Ivies and Little Ivies don't give merit aid but those will only be 3-4 options of my DC's list, the remainder will be ones that give merit aid based on the Kiplinger list. And yes understood that the top 1% will pay full freight. [/quote]

The top 5% will also pay full freight.[/quote]

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