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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]we make about 275k and receive 40k in aid annually from princeton[/quote] People need to understand it’s about liquid assets. $$ in savings, 529s, CDs, brokerage accounts (other than 401k) will disqualify you from financial aid even from generous schools like Princeton no matter how low your HHI. [/quote] sounds like they punish excessive savers. :thumbup: [/quote] Yep. It’s effed up.[/quote] Not at all. Those able to save that much don't need the aid. They don't punish reasonable savers. We had 200k saved and still got great aid. Income weighs far more heavily than savings. You'd have to have a lot of assets (vacay home)/savings to lose out on FA, and then there'd be no need for FA![/quote]
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