Reply to dont be in the 60th to 99th percentile in income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So what. This isn’t news.

[b]Where have you been hiding if you are surprised by this[/b]?[/quote]

At work (too busy working to earn enough to pay for private high school tuition).[/quote]

But, come on 60/99% you don’t get aid and can’t demonstrate “need”..

At $150k HHI in the DMV, $85k/year is a major sting!!!  If you were in lower bracket, the kid would go for free.  There is your answer—that percentile will go broke paying for it and not get $$ from the large endowments at these schools.[/quote]

At 150K HHI you will get decent aid at private schools. That is my HHI and my kid received over 50% off 80K tuition. Some merit but mostly "grants". ~40K is still a lot of money for us but the net price is no more expensive than the state flagship.[/quote]

DIng, ding, ding!!!  And if you step down another tier (based on your kid's stats) you could likely find even more merit bringing costs down to $25K or less.  When people say "college is not affordable" they are often only looking at the elite schools who don't give merit.  Step down and your smart kid can attend for reasonable costs.   You just have to decide if it's worth $200-300K in debt or not to attend an elite school.  Personally, If you are that smart, it seems obvious you would choose the affordable choice[/quote]

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