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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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. 
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No, the middle class of the country goes from 65-160k.  So most of the kids are middle class or lower class.  That reflects the population as a whole, although in fact upper income kids should be less (20% vs 33%).  It’s amazing how many people here actually secretly want a Russian style plutocracy.  No wonder trump won.

https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/[/quote]

You are missing the point, I think.  The approach to pricing that we have now (kids under 150k get a full ride, otherwise you pay full price, more or less) reinforces plutocracy, as only the very affluent can really afford full price. [/quote]

You are not middle class!!  It’s very offensive to claim a lower SES!  You are upper class and your peer group is OVER represented at these elite schools. Also, families with income under 150 do not get a ‘full ride.’  They get sliding scale aid, and believe me it is not enough that’s why they max out on student loans.  Pell grants only go to very poor families.  If you make 200k you are in the top 20% of earners in the country and, good news, your kid is more likely to get into a top college than Susie from Scranton (pretty unfair actually). And your kid will need less loans than Susie from Scranton because you can afford to help them!  You are incredibly blind to your privilege.  
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This. At 150k, we "poors" get a portion, not full ride. If we made 250k/yr, we could totally afford 80k/yr for college. What y'all spending your money on? [/quote]

An extra 100k income doesn't translate into 100k disposable income. In theory you could scrimp and save but every spare penny would go to 80k a year in tuition. The opportunity cost is too high as there's plenty of competition for your dollars. Mortgage, other children, retirement. See the UVA thread. It's rarely worth it for a VA family with 250k income to spend 80k year tuition for out of state private over instate UVA. [/quote]

Duh. Of course I know that. That's a given. I'm frugal and am saving 40k/yr on our under 150K income. But even with a partial bump, we'd be able to afford 80K. It wouldn't take scrimping and saving every penny because I already do that! I also already pay mortgage, other children and retirement. The assumptions about us "poors" is really something. Guess what, 250k+ crows? You're not "middle class." You have money. Save it if you want to go to these colleges. But, I do agree that cost has grown exponentially, and it is more of a burden for everyone. Just stop dismissing those of us who are actually middle class as poor people who dominate the landscape. We save and pay. We don't get the fancy hotels or the name brand mattress toppers. And, the actual poor people have real struggles beyond scrimping and saving. No one is as well off as the 250k+ set.[/quote]

Does the MyPillow mattress topper count as brand name?[/quote]

PP here. Now, that would be a waste of money![/quote]

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