Reply to Colleges That Award Grants

Forum Index » College and University Discussion

Reply to "Colleges That Award Grants"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]to the PPs posting about Princeton's great FA.

#1, $120-$160K is pretty low wages for the DC area. No way can a family of four (on average) pay $60K+ for college on a $160K income.

#2, [b]Princeton's FA is not offered if you have assets, a paid-off mortgage on a cheap for DC house and retirements savings not in a retirement account[/b].

We're a family of 6 living on a very low income for the DC area, but we're savers and live frugally, so have paid off our mortgage and have some retirement savings. Too much to qualify us for FA, according to the schools. It's very frustrating to us because we can't gut our retirement fund or take out a mortgage on our house to pay for DD's tuition at a private school. If DD doesn't get a lot of merit aid from a "lesser" school, she has to go to our Big State U, which would not suit her.

It's crazy that private schools cost $60K!!! They ought to cost $30K, then they'd be within reach of the middle class.

[/quote]My neighbor's daughter will start Princeton this fall (only child) and though I don't know their income per se, I know what they do for a living and know what their home is worth (not being nosy but we live on the same street).  According to her parents who I queried last night, DD got over 60% of the tuition paid.  This was a tremendous help and since the parents were already paying private school tuition, their contribution is actually lower than the full pay private school tuition.  They did admit they own no other assets other than their home and cars and retirement funds.

Schools like Princeton with this type of financial aid are a minority overall.  Couple that with the low admission rate, if you can get in, it's a great deal.[/quote]

Okay, would you mind telling us what they do for a living,  or extrapolate and provide an approximate HHI. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics