Reply to When the reality of college cost hits. Cannot do dream school.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't believe you[/quote]

This is an odd post.[/quote]

Under the circumstances OP has described, I don't believe an Ivy would require the parents to pay 75k.  I just don't.  [/quote]

That is exactly what Ivies (excluding Princeton) ask of families such as described. We were in the same position last year with slightly higher income and the schools asked for between $63k and $72k. It’s obscene how bad the financial aid is at the Ivy league level. [/quote]

Not to be a turd by why do the schools "owe" you aid? Going to an Ivy is a privilege, not a right. If you can't make it work, I'm sorry. Lots of other great schools out there that might be cheaper.

And sorry if people have multiple kids. Should have thought about that before having more kids (I feel a bit worse for those with twins). I knew what I wanted to be able to pay for for my kids and that having more than two kids would prohibit that, so we stopped at two. Three would have been nice but the sacrifices weren't worth it. Plus the fact that you get more aid if you have two kids in college at the same time but less if kids are further apart? That makes no sense.[/quote]

Seriously! My spouse and I work hard and saved from when kids are little for college. No one owes this family anything, they could've saved.[/quote]

The family realistically could not have saved *checks notes* $360,000 per kid (i.e. over $1,000,000). [/quote]

If they started when young, yes, with stick market increases, come now.[/quote]

They would need to have saved $1,450 a month for the last 18 years (where all money was invested in the S&P, which yielded an average annual return of 13%) to have that kind of money. They are two teachers with three kids. That almost certainly would not have been feasible (or wise), especially during the crucial early savings years when they're slammed with childcare expenses of at least $2,000 a month per kid. Be real. [/quote]

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