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College and University Discussion
Reply to "Colleges That Award Grants"
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[quote=Anonymous]to the PPs posting about Princeton's great FA. #1, $120-$160K is pretty low wages for the DC area. No way can a family of four (on average) pay $60K+ for college on a $160K income. #2, Princeton's FA is not offered if you have assets, a paid-off mortgage on a cheap for DC house and retirements savings not in a retirement account. We're a family of 6 living on a very low income for the DC area, but we're savers and live frugally, so have paid off our mortgage and have some retirement savings. Too much to qualify us for FA, according to the schools. It's very frustrating to us because we can't gut our retirement fund or take out a mortgage on our house to pay for DD's tuition at a private school. If DD doesn't get a lot of merit aid from a "lesser" school, she has to go to our Big State U, which would not suit her. It's crazy that private schools cost $60K!!! They ought to cost $30K, then they'd be within reach of the middle class. [/quote]
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