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College and University Discussion
Reply to "Question about financial aid at Ivies"
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[quote=Anonymous][quote=Anonymous] But an $80k loan is not crippling for parents who make $250k or more-- they probably will spend that much on their kitchen reno. [b]If they don't want to pay it,[/b] that's obviously their choice, but it's not clear that an extra $80k is suddenly unaffordable after paying for private school k-12 with a $250k+ HHI is suddenly unaffordable.[/quote] What planet do you live on? And why do you assume that everybody could drop $80k just as easily on a kitchen reno as on a college? As if dropping $80k is a matter of choice, not budget constraints? Your assumption that people just "don't want to pay" $80 is ridonkulous. It's like the people who say that the only reason families don't do private is because they bought a Mercedes. I guess I'm here to inform you that many DMV families struggle to get by in this really expensive area, where a mortgage on a colonial takes up much of that $250k income.[/quote]
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