Reply to any surprises in terms of financial aid for upper middle class kids?

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[quote=Anonymous]So yes, kids can attend less-expensive schools or less-prestigious schools, and it's not the end of the world. But it is disappointing, because for a very long time those tradeoffs didn't have to be made by people who worked and planned and behaved responsibly with respect to financing college. And the effect is that the only students at prestigious schools are those whose parents can pay $70K X 4 years X # of children, and those who qualify for need-based aid.

+1  As a parent with 2 in college and 1 to go, this is my observation. I feel like only the schools with huge endowments can give $ out for people earning over $200K. We earn good $- close to $300K but can't afford $70K a year for 3 kids. And it's not like we earned that for years- we had our own loans to pay back. So they go to state schools, we get DC Tag and they get some merit $.  We would like them to get out of undergrad without loans. For grad school, that won't be an option. The price of tuition for an undergraduate degree is not sustainable. [/quote]

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