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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most high stats kids from donuts hole families give up on elite schools and go to the in state flagship  [/quote]

This is us. Our HHI is $145K. We didn't qualify for much FA, despite the fact that $80K per year is more than half our HHI!! Crazy. 
State schools for our kids. 
Meaning, the best and the brightest are NOT going to the Ivies or the SLACs like Amherst, Williams, Swarthmore, etc. 
My kids should be at these schools, but we can't afford to send them there. [/quote]

Do you have a kid in college? Have you actually applied for financial aid? Our HHi is a bit higher than yours (in the 180ish range), and we have definitely qualified for significant financial aid at "expensive" schools. I could see that you don't qualify if you have other significant non-retirement assets, but, if you are making less than $150,000 and don't own multiple properties or have 6 figures in stocks/brokerage accounts/or shares of a private corp., you will get financial aid at a lot of schools. It may not be enough, but, that is a different argument. [/quote]

I'm the PP. Yes, my kid applied to very selective SLACS and got accepted, but received very little FA. These schools don't offer merit aid. The private colleges wanted us to take out a mortgage on our house to pay for DC's college! Nope. not us. The public colleges cost so much less, so that's where my child went.

My kid graduated a couple years ago, and she says now that she wished she'd gone to a more selective, better college. She's in a top grad program, where she's finally among her peers. I wish I'd been able to send her to Amherst, etc., but it was financially impossible. [/quote]

More people need to tell stories like this. Maybe we should all go testify on Capitol Hill. [/quote]

Testify to what?  That private colleges cost too much?  I actually think its state schools that cost WAY too much, those should be very inexpensive for in state residents.  That's the shame, and also that's what governments can actually do something about.[/quote]

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