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College and University Discussion
Reply to "any surprises in terms of financial aid for upper middle class kids?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]But the fact remains that you are making over $200,000 with only one kid in college, and were offered $20,000 per year in aid that doesn't need to be paid back! I find that amazingly generous, and I certainly would be happy to get $80,000 (over four years) handed to me!![/quote] The fact also remains that the student's family is responsible for $51K plus increases for four years. A family making $220K may not be able to handle that.[/quote] Exactly the situation we are in. HHI $220, 4 DCs, two of whom are in college right now and the 3rd a HS senior. DC#1 about to graduate from an out of state SLAC with enough merit aid to make the cost the same as in state. DC#2 in state and two more years to go. DC#3 awarded generous merit money at, among others, 3 colleges in top 30 USNWR private liberal arts colleges. He likely will not be attending any of those 3 because he was awarded merit only, not financial aid, and we simply cannot come up with the extra $50K+ for four years.[/quote]
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