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]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. Why does everyone think private universities are meant for the middle class? They are not. [/quote]

But, look at this thread carefully: The MIT, Cal Tech and Harvard type kids of parents earning $250,000, who are truly unusual kids and need an unusual environment, can usually go to those schools or near equivalents without the parents eating catfood.

It’s the normal bright kids who are usually well-served by going to a school like Towson who are going to Towson. [/quote]

If we earned $250K we could easily do it as we never changed our lifestyle as our income slightly increased, we aren't traveling and our only high cost expenses are activities.  It's all about life choices.  If you want a million dollar house, don't complain you cannot afford college.  We bought a $400K shack, DIY'ed, put an effort into paying it off before college, etc.  And going out to eat often is the $4 Wendy's meal not starbucks.[/quote]

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