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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][quote=Anonymous]we make about 275k and receive 40k in aid annually from princeton[/quote] Out of curiosity, how much do you have in retirement savings, and how much equity do you have in your house? [/quote] princeton does not consider primary home equity or retirement savings, which is why we can get so much in aid. 600k in home, about 1.6 million in combined retirement accounts for the two of us. [/quote] Princeton’s (and every school we checked for that matter) net price calculator gave us zero. 250k HHI, 475k in house (we purchased a home well within our comfort zone), one child, 2.3 retirement accounts, 70k in 529, cash 1.3 million…the cash disqualified us…for fun I put in a HHI of 30k…still nada. [/quote] Princeton (and the few other very generous schools) do include a disclaimer that pretty much says "with typical assets" (for your income) [/quote] That is why you don't quality even with a HHI of 30k[/quote]
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