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

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[quote=Anonymous][quote=Anonymous][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]

And you still don't understand people find it offensive you seem to know everything wrong the other person is doing and what they should be doing and that somehow they're still lying to you when they say they got a terrible aid package from Yale?  :roll:

If your kid got an amazing package offer from a top college, great! But don't assume it always works for other people. [/quote]

I am presenting facts.  If people find the facts offensive, that is their prerogative. I entered data into the college's cost calculator.  I do not believe the colleges -- especially a high profile elite -- could get away with lying. If anyone has evidence the Yale NPC is wrong/false/lying, please present it.

I understand many UMC families make different choices than I did, and I respect their right to make that choice. But I find their complaining offensive when the luckiest among society complain and compare people who make different choices to French aristocracy.

99% of families would give anything to be able to make that choice.

[/quote]

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