Reply to Do most people pay for college out of pocket?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, DCUM skews wealthy. You know this.

I know people who are not as wealthy, and they got aid and cashflow the rest to public universities.

These days I know no one who is middle class with kids in expensive schools.  The ones I know who do go to expensive schools have deep pockets, or they are so low income, they get a ton of FA.

Our HHI is about $300K. We have enough for in state public and a bit more for 2 kids. We could swing $200K total without it impacting our retirement too much.  I will not do loans.[/quote]

Has financial aid dried up dramatically since people my age (40s) were going to college? We were a middle class family when I went to college (an income equivalent to $140K in 2024 dollars), and we paid less than half the sticker price for my expensive private college.

This is a genuine question I don't have college age kids yet.[/quote]
There are more kids going to college today than even 20 years ago, and college costs have gone up faster than wages or inflation.  There is only so much aid to go around.

When I went to college, tuition was like $600.  I lived at home.  I worked a $4/hour job and got pell grants.  By the time I graduated, tuition had doubled.  This was 30 years ago.

My sister's HHI is $140K.  They got some aid at an expensive private, but not enough to float all four years out of pocket without loans, so their child went in state.   They graduated a few years ago, and said that this was the smartest decision they ever made because they are seeing their friends who went to an expensive oos/private with loans, and they are struggling to pay off the loans while my niece/nephew is able to save so much that they are looking to buy their first place.  They all make about the same.[/quote]

My college tuition was the same, 600 (a semester I think?? It’s been awhile) at an SUNY an I remember hearing that the tuition increased dramatically a few years after I graduated. And I received TAP too. [/quote]

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