Reply to Affording College with HHI $100-$200k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A[b] lot depends on assets. Our income is low but assets are high and we got nothing.  [/b]

In every marketing line that said, “95% of families making under 150k pay 0 in tuition”, we’d say .. we’re the 5%!

[/quote]

This. And in markets like DC where housing value has risen rapidly, families who have owned their home for a while will be seen as having a lot of home equity they are expected to tap for college. At higher ranked schools we got some aid but still the cost was generally $60k+. Not what we considered in budget. What did fit for us (<$40k) was in-state publics and privates below the USNWR T50 that were generous with merit aid.[/quote]

Your student needs to be a superstar in order to get generous merit at T50-100. We found merit so COA ends up at $20-$23k at much lower ranked schools.

Some colleges have said they'll announce merit in December. Makes me think they're waiting for the FAFSA before making an offer.[/quote]

We called several EA schools about this. Some schools told us they would wait for FAFSA to make admission decisions, and any acceptance would include the full package, ie need-based + merit — which might mean later notification relative to previous years. Other schools said they would send decision + merit separately, and first, followed by a separate FA decision once FAFSA was in. [/quote]

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