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DC Public and Public Charter Schools
Reply to "Means Testing for DC TAG"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well, it's hard to cry about people who make >$450k failing to qualify. Obviously, they can afford whatever college their kid can get into. How many people does this really affect? BUT I oppose it. Do states means test their residents for in state tuition? No. It sounds like the beginning of the end of TAG. I just missed having that option for college & I'll be pissed if my kids don't have it, either. [/quote] You are sorely mistaken. 450 comes to about 250 after tax. That's great, don't get me wrong, but college kills that. A school with a sticker price of 60k (all-in) is a huge hit to that 250 number. One kid, still okay for four years. Multiple kids? Try again. Incomes around 300-500k are hit the hardest by college. Not enough income to pay without feeling a very serious constraint but too much for any financial aid. [/quote] :roll: We have had an income far below that and have had no trouble saving enough for our children's college. College isn't supposed to be paid out of current income. It is a known expense to be saved over decades. [/quote]
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