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College and University Discussion
Reply to "How do middle class families pay for private colleges?"
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[quote=Anonymous][quote=Anonymous]Less prestigious private colleges give more merit aid. Most middle class parents I know have their children going where ever they receive merit aid plus financial aid. [/quote] This. If you are looking at private colleges, aim for ones where your student would be in the top 25% of admits so you are in a better position to get merit aid. We make about $250k (which is only in the past 5 yrs or so, prior to that I was a SAHM and we lived on DH's salary that ranged from $85K up to $140K) and are saving to cover a VA in-state college. But, I know a number of people if a similar position whose kids are now at privates or OOS publics that gave enough aid to match in-state costs. So, we'll look at a variety of places and see where we end up with the finances. But, there will be no loans for undergrad.[/quote]
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