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College and University Discussion
Reply to "Are top private colleges mainly for poor people now?"
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[quote=Anonymous][quote=Anonymous]Often 2/3 of students at top ranked schools are getting need based aid that covers the vast majority of costs, on average. 200k is the typical cut off for need based aid (about the income level of a couple of school teachers at the peak of their careers aka “the wealthy”) It just seems these schools must be populated primarily with lower income kids and then 1/3 rich kids. I guess middle class kids end up at state school. [/quote] Look, I made about 45k last year and my spouse right at 55k. Our son was lucky enough to get into a dual degree program at our local commuter college which facilitates transfer to a state flagship for the field of study that he has wanted literally since he was four years old.. He will not get a penny of aid beyond $5500 unsubsidized loan. He will live at home to save money and waive insurance, but I'm still not sure we can pay. [/quote]
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