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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Long story short: we will not get any financial aid. We make too much for help but don't make enough to go full pay at a private in a way that leaves any wiggle room.

We are just starting this process, and child is an athlete that is in the midst of recruiting (only D3 at this point b/c of NCAA limits- and FTR I don't care if DC plays a sport or not but she does). I'm looking at the finances of the various schools and was shocked to learn that some of the schools she's been talking to give NO MERIT aid. DC has excellent grades, community service, ECs, and athletics.

I get she's one of many like man others . . . and I know at DC there are no athletic scholarships. But, how are people affording places like Wellesley? Their website and what I'm finding says they give ZERO aid on the basis that, essentially, "everyone there is special."

Yes, she can look elsewhere. And she is. But it is so sad to have to shut down a possibility that would, honestly, be such a perfect fit for her in every way. With room and board, etc. the cost per year is nearly $80K!!!! Two years would eat up more than our 529 has in it. Super bummed to have to limit her.
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This whole thread is weird, and I gave up in the middle after people just kept yelling at this person for being rightly upset that college costs have gotten so insane. I went to NYU in 1993, which I think was literally the most expensive college in the country. It was about 25,000 a year. My dad was a doctor. Not a specialist. We were upper middle class, and my parents had saved money. I later transferred and that savings had enough money to support me through a graduate degree.

I did the math, and the cost of NYU has gone wayyyyy up proportionally from what it used to be--- and that's all colleges. Yes. If you were paying attention you knew it. We have a 529 plan and my parents did the in state tuition plan for our kid (which now I sort of regret), but it's still a big difference when you're theoretically considering this stuff to being like--wow---we could end up spending 360,000 for one kid's undergraduate education? We are probably top 2% of household wealth, and WE don't want to pay that. Not unless our kid is getting into an Ivy, which she isn't.

That is why merit aid exists. It's not a "subsidy." It's because colleges realize that even wealthy families understand that the price is NOT worth it--not when you consider that your kid might go on to some kind of graduate program.

Thank you for the merit aid website. I was actually looking for a list JUST like that after reading his book.

OP, I get it. I think most of my friends get it. They either stick to the top publics if their kids can get in, go for lower ranking schools with merit, and few bite the bullet and pay full price.

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You make 400K+?[/quote]

So you transferred and did well enough without an NYU education to have a top 2 % household income. OP was talking about being a donut hole family when you can clearly pay if you wanted to (it's fine if you don't), so I don't know how much you can relate to that situation. It's fine to personally not believe that paying that much is worth it, but there are individuals in this country who can and will. It's totally fine to send your kid in-state or to a merit-granting school but I don't know how sympathetic people can be when you are able to pay and still complain. [/quote]

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