Reply to What money is fair game for financial aid?

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[quote=Anonymous][quote=Anonymous]"i guess who would do that is the inhumane people who had plenty of money and chose not to save for their kids' college ande forum is insane. also expect them go to an expensive private U.

the entitlement of many people on this forum is incredible!"

These parents of really brilliant kids aren't arguing that the kids should go to schools just because they are expensive. They want the schools that are the best place to nurture those kids' talents, which is what anybody who wants for the USA to remain a strong world leader should want. If they were beyond amazing piano players, they should go to Julliard or wherever the absolute best piano players go to study and max out their abilities. They aren't picking the school because it's expensive.

More importantly, what used to be expensive not very long ago, like when the parents of today's senior class brought our infants home, is now almost twice as expensive. Today's price ($80K X 4 years) is beyond what anybody who isn't a super high earner could save unless it's just for one kid. (Fewer than 5% of households make over $250K, so that is a super high earner.) And even then, it's hard to do it for more than one child.

The price of college has outstripped the incomes of the parents who send their kids to those colleges. This is true even for the public schools. The admin assistant in your office can't save enough for 4 years of GMU for two kids.

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Clearly enough are willing to pay or they would not charge that much. [/quote]

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