Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like a broken record on this thread. Before you assume you don't qualify for need-based aid, do a net price calculator. A non-school specific non-profit one is available here: https://myintuition.org/quick-college-cost-estimator/.

For most (all?) of the most selective schools, families with HHI of up to and even in some cases OVER $200k ARE receiving need-based financial aid. The families who are not are the families with significant non-retirement assets (savings or investments). If someone tells you they aren't receiving need-based aid with a $180k HHI income at one of these kinds of schools, they have big $$ in accounts somewhere (EXCLUDING retirement...financial aid does not consider retirement $).

There are persistent rumors out there that families making $100-200k are not receiving financial aid when it's not the case at the most-desired schools. I don't know why this misconception is so ubiquitous. [/quote]

I think people underestimate how much aid they'll get at those incomes at private schools because, unlike a single parent teacher who will obviously get aid, a lot of the professional parents with a dad making 180k and a SAHM are not going to admit they got aid because they're trying to act rich. So the dad's coworkers who have similar jobs assume they won't get aid.[/quote]

$180K a year IS rich.[/quote]

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