Reply to Making $300K and getting financial aid for a first grader

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Reply to "Making $300K and getting financial aid for a first grader"

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[quote=Anonymous]I don't think 300K is truly middle class, but it's all relative, right?

If you have 100K-200K in grad school debt and multiple children that 300K doesn't go as far as if you have 0 educational debt and 1 child.  Also, what if you have other family members that need support, like single senior parent in-law, etc.  Plus, perhaps you took out the educational debt and selected a job before the economic downturn, believing the line between the private and public/public interest sectors would be more porous than it is now.  It doesn't take a ridiculous financial decision--read 700K mortgage or luxury car--to make things very tight.  Add to the mix that you realize that your public school is not really equipped or willing to provide your bright child a free and appropriate education.

Just to be clear, I do not have a HHI of 300K, but I also think that people on these boards just make assumptions that if someone applies and receives financial aid at a higher income (say above 100K), that he/she is gaming the system.  It is also possible that family just did not have the same foresight and fortune that you do.[/quote]

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