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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous]Most don’t go to elite schools. A good portion of those who do get aid or can pay (have saved/pay out of income). There are families who take out too much in loans but I think many people have become wary of loans (other than the federal ones). A friend who has a HHI of around 250k said that they got aid at all the private schools their kid has been accepted to. She said that the package sometimes calls it merit and sometimes calls it a grant but the bottom line was the same across the schools. I assume that they have saved the remainder. [/quote]
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