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College and University Discussion
Reply to "schools w/ no merit aid"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]See also [img]https://images.procon.org/wp-content/uploads/sites/19/college-cost-v-median-incomes5.png[/img] And no one is supposed to complain or be outraged? We are all just supposed to "plan" for this?[/quote] The reality is a family of four making $65k will get great aid. It’s the strivers, the job slaves with newish cars and houses within a decent commute to DC that will be expected to pay $80k a year out of a $170k salary. [/quote] OP managed to save $160K or so for one child. They clearly have a very high income. [/quote] THIS^^^ That is privilege. They are just upset that others have more than them. They can likely find a way to pay 80K/year with minimal loans with a HHI of 200K+. If they really wanted to. Cash flow 20-25K/year and take the rest in loans and pay it off once kid graduates. Personally, I wouldn't take loans or try to cash flow that much, I'd send my kid to a school I could afford, because there are literally hundreds of excellent schools that met their financial criteria. But if they really desire a "top" school, they could afford it. [/quote]
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