Reply to The New America: Elite Privates forever out of reach for UMC?

Forum Index » College and University Discussion

Reply to "The New America: Elite Privates forever out of reach for UMC?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$69K**[/quote]

If it is Yale:

https://admissions.yale.edu/affordability-details

[i]Families earning between $75,000 and $200,000 (with typical assets) contribute a percentage of their yearly income towards their child’s Yale education, on a sliding scale that begins at 1% and moves toward 20%.

There is no income cutoff for financial aid awards. Some families with over $200,000 in annual income receive need-based aid from Yale.[/i]

So your income is well above $200k?  Or do you have assets that you cannot liquidate?[/quote]
No, income is $210K. I’m not liquidating my retirement account or selling my house to pay for something that research shows makes little difference in one’s life trajectory.[/quote]

OK then, I just ran the Yale quick NPC https://admissions.yale.edu/estimate-your-cost with these stats:

$210 K income
$500K house with $250K remaining on mortgage
$25K in non-retirement savings 
$250K in retirement savings

and it came up $54,900.  So you have even more assets than I entered.  And your post itself indicates that you don't think it makes a difference in a person's life - so if your kid had the stats to be admitted to Yale you'd probably get a free ride lots of places, and a big discount at many more.  You've got lots of assets and myriad choices 99% of families wish they had - including totally free college.

And you wonder why people find it a bit offensive that you don't keep your dissatisfaction to yourself?

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics