Reply to s/o Sending your child to a small liberal arts college for $50k a year is a rip-off

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Reply to "s/o Sending your child to a small liberal arts college for $50k a year is a rip-off"

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[quote=Anonymous][quote=Anonymous]Speaking as a college administrator, it seems that several posters are misinformed about financial aid, especially at the most prestigious liberal arts colleges (Amherst, Swarthmore, Williams, Wellesley, Pomona, etc.). These schools have tremendous endowments that enable students who qualify for financial aid (using fairly standard financial aid formulas via FAFSA) to attend with minimal, and sometimes, no loans. In other words, if your children are able to get into these highly competitive schools and you qualify for financial aid, you may actually spend less money than sending your child to a state school under severe budget restrictions. It really pains me to see excellent students from poor families who don't even bother to apply to these schools because their parents believe that the price tag is too high. That is simply not the case.[/quote]

I wish we could get a median income for the DCUM board, but I'm confident to say most people on this board won't qualify for any financial aid. My parents made $60,000 per year and I paid $40,000 of $50,000 in tuition. Makes no sense. I'm not sure who they were offering aid to, but it didn't seem to be many people.[/quote]

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