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[quote=Anonymous]Reposting because I messed up the formatting and added a point or two. Not sure this will work either, but if not, I'm sure you can all deal!

[quote=Anonymous][quote=Anonymous]At $30k/year tuition, that alone could have afforded a condo or th in burke, no other income involved. [/quote]

And just how do you know where PP lives?  This is exactly why I recommend OP let it go instead of dealing with know it alls with cracked crystal balls. Not everybody wants your lifestyle in a condo in Burke.[/quote]

Not that PP, but you missed the point. FA doesn't exist to finance lifestyle choices. FA is for families that really, really, don't have the money, and that's why they have no college savings, nor can they finance it out of income. FA isn't for families who decided that condos in Burke were bourgie, so they bought in a cool neighborhood with lousy public schools, sent DC to private at $40K/year, and that's the reason they don't have any college savings. It's sort of like the people on the Private School forum who keep asking, "Our HHI is $300K but the mortgage on our $1M house is huge, so is there any chance we would get FA?"

The FA people in the private schools and private colleges understand these scenarios very well; this is what their jobs are all about. The FA folks want to dole out their limited FA to kids who are really low-SES. (Unless there's some reason a kid is so fantastic that they're willing to overlook the fact that low college savings were because of obvious lifestyle choices, but that's pretty rare.) At many colleges, FA stops at a family household income of about $50K, which is the federal threshold (barring various exclusions, but that's too complicated to go into).  With the caveat that there's a PP who will come on any minute now to shriek that Harvard offers FA to families with household income up to $150K, but, need I point out, first your kid has to get into Harvard.

OP needs to be realistic about all of this. On the other hand, as I mentioned above, OP's kid might have a great shot at merit aid from top schools that aren't Ivies.[/quote]

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