Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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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]

So, the wealthier deserve Ivy, but the poor should be happy with Towson?

So much is off base here. Firstly, someone making 250k should be able to save a good bit over the years. We made 110-140k and saved about 100k for each of 2 kids. Started in elementary school. Did not eat cat food.
Secondly,  these schools offer aid to most families at/under 250k with normal assets.
Finally, families in this income range have had so many enrichment resources for there kids. They can still help them even if at *gasp* state school. If they have spent willy nilly, not saving at all, that is just poor planning. [/quote]

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