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[quote=Anonymous][quote=Anonymous]^^ of course you were.... OMG. [/quote]

Let's see, HHI of $180K. Amherst costs $62,000. Family of four, takes home, what, maybe $130K? Do you think this family can pay almost half of their income to send one child to college, and pay mortgage, taxes, food, clothing, insurance, auto costs, vacations, school fees, etc. on $68,000? That's barely above the poverty level.

Now if the college cost $30,000, the family would be on a much better footing, and would probably be able to pay some of it, take out a student loan and possibly a family loan, and still pay their bills. But no way could they afford private school for their other child.

But if your HHI is $180K, and you have some assets, savings, etc., you will not qualify for FA anywhere but Harvard. Go to the FA calculators on every private college website, and plug in the numbers. You have to have very few assets and a very low income to qualify for FA. Princeton gives some aid for people with incomes up to $200K, but you can't have any assets.

Private schools are out of reach of the Upper Middle Class. That's insane. Just insane. [/quote]

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