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]

So, the wealthier deserve Ivy, but the poor should be happy with Towson?[/quote]

Anyone who gets into an Ivy, other, maybe, than Brown and Cornell, and really needs aid gets plenty of aid.

The question is Oberlin vs. Towson.

And the answer is: Oberlin is for the rich, the poor and middle-income kids who are brilliant or who have parents who take out Plus loans.

Maybe Kenyon or Denison is for some middle-income kids who aren’t quite brilliant but who are very serious students and are burning with desire for a liberal arts education.

Towson and JMU are for most poor and middle-income kids because, really, how many even want a rigorous liberal college arts education? Even plenty who want a liberal arts education might strongly prefer a laid-back approach with ordinary good students at the local Jesuit college or second-tier public university.

Those students were in the top half in high school, but they weren’t in the top 1 percent, they weren’t all that excited about the life of the mind, and they have no need whatsoever to be in a class full of valedictorians and National Merit scholars.

[quore]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.[/quote]

Agreed.

But my impression is that most people I know who have been on that income path and have high-performing kids have at least been able to send their kids to a state flagship or the equivalent, even if they weren’t fantastic savers and don’t have rich relatives.

[quote]Finally, families in this income range have had so many enrichment resources for their 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]

One important point is that schools like UMBC and George Mason can be great schools that are on the make. They can provide the same preparation for career success for a great kid as Cornell or Michigan.

Going to Towson may mean the kid doesn’t have quite as many mind-blowing encounters with celebrities and big ideas as a kid at Johns Hopkins gets. But a school like Towson knows its main job is to prepare students for the kinds of jobs that regular people normally have, and it might really do a better job of preparing typical students for a career than a school with a higher list price would.

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