Reply to Do most people pay for college out of pocket?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, DCUM skews wealthy. You know this.

I know people who are not as wealthy, and they got aid and cashflow the rest to public universities.

These days I know no one who is middle class with kids in expensive schools.  The ones I know who do go to expensive schools have deep pockets, or they are so low income, they get a ton of FA.

Our HHI is about $300K. We have enough for in state public and a bit more for 2 kids. We could swing $200K total without it impacting our retirement too much.  I will not do loans.[/quote]

Has financial aid dried up dramatically since people my age (40s) were going to college? We were a middle class family when I went to college (an income equivalent to $140K in 2024 dollars), and we paid less than half the sticker price for my expensive private college.

This is a genuine question I don't have college age kids yet.[/quote]

There are a lot of "expensive" private colleges that give a lot of merit aid so you would pay less than half the sticker prices. Highly selective private colleges, however, have generally shifted to a need-aid-only model.

But even back in the late 80s when I went to school, private colleges with aid were not affordable to everyone -- I was accepted to several private schools and an OOS public I'd have liked to go to but my parents said no because they were so much more expensive than my in-state options. It was fine, I had a good experience and ultimately moved out of state to where I wanted to be. And it was a smart decision by my parents. My dad go laid off during my college years and never found a job at that level again. It would have been really stressful if they'd stretched to pay for my school.[/quote]

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