Reply to UMC How Do I get a Good Deal Tuition?

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[quote=Anonymous][quote=Anonymous]I think your only hope is state schools.   State schools are lower cost, and therefore less affluent people do not need as much aid to go there.  And that aid is partially spread out over the entire tax paying population, while at private schools, the cost for the less affluent is put all onto the small number of wealthier students, income from the endowment, and alumni donations.

I frankly do not understand [b]why schools with huge endowments like Princeton [/b]still insist on punishing the wealthy by charging high tuition.  They have plenty of money from endowment interest to subsidize the poorer students without this.  I think it just makes them feel righteous to be able to punish people who have saved their entire lives.[/quote]

I think we make a mistake by generalizing all of the schools like this. Princeton is actually one of the Ivies that has a very generous financial aid package. Our HHI is 195K and we would qualify for some financial aid.  Harvard is similar - Brown not as much and note their endowment is much smaller.

OP your best bet is to apply widely and apply to schools that give merit aid where your kids stats are at the top of the pile.  If you look at the common data sets for schools you can see the GPAs and test score ranges for students admitted last year. You would not just be limited to state schools. In fact OOS tuition is subsidizing a lot at many state schools and for some like the UC system you can't event get the classes you want and there is major overcrowding and kids don't get out in four years. Basically CA has been underfunding their college system and allowing OOS to fill the gap. So be careful about making generalizations about state schools.

Apply widely if you are chasing merit aid. Check out the blog and webinars at the www.collegesolution.com.  That woman (lynn shaugnessey) knows what she is talking about when it comes to figuring out how to afford college.[/quote]

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