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College and University Discussion
Reply to "Please be honest- How much, if at all, does full pay help?"
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[quote=Anonymous][quote=Anonymous]OP, your friends who can pay but still applied for financial aid,[b] that only makes sense if they are borderline for being eligible for need-based aid.[/b] You can use a college's Net Price Calculator to see whether they'd give you aid or not. No need to wonder. And if you're nowhere near the ballpark, no point in checking the box that you're applying for financial aid. As for whether need-blind schools are truly need-blind, I suspect that yes, they are, though often not for the waitlist.[/quote] Not true. If you file, then your children can take out the $5500 loan (it increases every year). It's a great value and your children have to sign off on the paperwork - in other words it gives them a reality check and "skin in the game". Important life lesson.[/quote]
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