Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Four kids with an income maybe 20K higher than OP here. We started saving before they were born when we earned significantly less and had our own student loans, live in a small house that needs work, husband and I share one old car, no fancy vacations or extravagant lifestyle and have made saving for our retirement a priority too. Youngest of the 4 is now 2 years from finishing college.  Three have gone to instate to UVA and the 4th was awarded a scholarship at a SLAC that made the cost of attending same as if she was in-state Virginia.

It’s called lots of sacrifice OP. [/quote]

[b]and that's something wrong in the US for the hard working middle class[/b][/quote]

Right here is the real point OP isn’t saying. You make $250k and you want a nice house, multiple nice cars, 2 vacations a year, AND be able to afford to send your kids to private university on someone else’s dime. You can afford public universities, OP. That is fine. Your kids will be fine. They aren’t “owed” an education at a $90k a year school. They aren’t “owed” financial aid. You could pay for it if you made a lot of sacrifices for many, many years. You didn’t and now you are annoyed. [b]Why does everyone think private universities are meant for the middle class?[/b] They are not. [/quote]

because those schools have a lot of money and a lot of place for students. if they can give aid to the "poor" they can give it to middle class as well.[/quote]

But they DO give aid to people who are actually middle class. Between 200&250 k is the top income where need based aid starts to end, depending on assets (and depending on school—ivies/elites are the most generous). [b]200k is not middleclass, it is well into the upper middle class, more than 3x average. [/b]Many examples on here about parents with 250k who have made it work for full pay , with no loans. Just because you cannot make it work because you wanted private k-12 or huge vacations or spend 2k a month on Starbucks (someone posted that), does not mean you deserve financial aid.
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please stop with the nonsense, with the huge vacations and 2k Starbucks (what???). in the DMV, 200k is middle class. any decent home is million dollars now.[/quote]

Colleges, generally speaking, do not take into consideration for financial aid how much it costs to buy a house or the cost of living where an applicant lives. And they often do take into account the equity parents have in a home.  [/quote]

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