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College and University Discussion
Reply to "Harvard Will Make Tuition Free for Students of Families Making Less Than 200K"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do they look at your NW?[/quote] Of course they look at assets via the CSS Profile. Use their Net Price Calculator.[/quote] Never use it yet. Would NW 5 million, Income < 200K qualify? Ballpark.[/quote] Look, we can't help you if you're too lazy to fill out a form.[/quote] Net Price Calculator has you include all savings, retirement, dividends, homes, other real estate… if have 5MM net worth, think you’d be responsible to pay in full. Otherwise, all richy richy would just forego or defer salary for 4 years to not have to pay for the 4 years of college and then start salary back up after kid graduates.[/quote] So between now and when first DC would go to college I have reason to buy a LOT of stuff then to get my net worth down! Challenge accepted!![/quote] You need to consume it, not just buy it. And the overhead cost of doing so is more than just paying the tuition. [/quote] Easier to do than think to buy bunch of worthless stuff! Question- what happens when divorced and if court order says parents will split college cost? Do schools say “student family can pay in full” if 1 parent has lots of $ or do they look at each parent separately so 1 amount for parent who is crazy rich and other amount for parent who has no savings and makes say <$50?[/quote] Most generous private universities consider the income and assets of both parents in determining financial need. How the parents figure out who is paying what will be up to the parents.[/quote]
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