Reply to Is there any correlation between income and merit aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It would be nice if it was mainly need based.  It's absurd for a family who makes $400-900K or more who can afford it to get aid while other kids have to struggle and take out loans or cannot attend due to cost.  Or reduce the cost for everyone and make things more affordable.  [/quote]

$400k in a high cost area with 3 kids in college (which gives you no discounts) is a big struggle to pay $80-90k/year for each kid which is the cost of private universities/ivies. It would be well over $1 million.

But, hey, if HHI were $150k (which is a lot of $ in low cost areas where SFHs aren’t 750k-1 million +) like the DMV, those 3 kids coins go for free and come out with zero loans.

You have to remember most people weren’t making that $400k when their college kids were babies/young. The salary rose slowly over time.[/quote]

Are you in lala land.  Three kids is a choice and on $200k you pay for state school like the rest of us and live in a $400k house not million in dollar house.   You sound entitled.  We live in a crappy little house, don’t take vacations and are very careful to save for college. [/quote]

I’m a NP and following since I have a 10th grader.  There aren’t any 400k houses in many areas.  That can’t even get you a condo here.  Our 1M house is a fixer upper that we didn’t fix up.  We could move way out to a less expensive area but then we either need different jobs where we wouldn’t make our salaries or have a huge commute of 1.5 hours each way with traffic.  Our HHI is about 400k and it’s good to know we might skip the fafsa.  [/quote]

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