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College and University Discussion
Reply to "Financial aid is a scam"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you’re middle of the road, you don’t get much. [/quote] We are middle of the road income. Paid approximately $100,000 for an ivy degree. Of that amount, I subtract room and board. Less than half went to tuition. [/quote] What do you consider middle of the road income?[/quote] $150,000[/quote] Wow, what year did you pay $25K / year at an Ivy? My EFC was a lot higher, yet income wasn't much more. Suspect I may be dinged for having modest house paid off and driving old cars that are paid off and worth nothing. Not sure they care that I am paying tuition for younger kids' private school, either, though they do ask if I will be paying college tuition for anyone else. [/quote] You must have had assets - investment, house equity, etc. [/quote] House paid off. Honest question: Do they expect people to mortgage their house and dip into IRAs and 401Ks to pay for college? Am I better off upgrading my house, getting a mortgage, and having a car payment? While I live modestly and refrain from purchases and upgrades, I'm being charged more for college tuition, I guess. I pay for younger kids' private school tuition, but they don't seem to take that into consideration, just whether I am paying for other college tuition. [/quote]
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