Reply to UMC How Do I get a Good Deal Tuition?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think your only hope is state schools.   State schools are lower cost, and therefore less affluent people do not need as much aid to go there.  And that aid is partially spread out over the entire tax paying population, while at private schools, the cost for the less affluent is put all onto the small number of wealthier students, income from the endowment, and alumni donations.

I frankly do not understand why schools with h[b]uge endowments like Princeton still insist on punishing the wealthy by charging high tuition.  They have plenty of money from endowment interest to subsidize the poorer students without this.  I think it just makes them feel righteous to be able to punish people who have saved their entire lives.[/b][/quote]

Actually at my SLAC, the endowment subsidizes even wealthy people.  When I was still in school, the true cost of educating per student was 2x the sticker price.

OP thinks that her family is subsidizing poor students, but I think she's wrong if she's looking at top schools.  [/quote]

With her DD's stats, she is not looking at top schools.  Sure, if your kid has a 4.0 unweighted and 1600 SATs, it doesn't matter what your income is.  But what if your kid is solidly in the 80th percentile and you are upper middle class?  I guess you just bankrupt yourself and put your kid into a ton of debt.  there is no choice.[/quote]

3.8 and 1250 stats can still get you in a highly rated college with a large endowment.  Sure, the kid is likely not to get into the most prestigious college, but you do not have to bankrupt yourself to get your kid a good education.[/quote]

Can you name a school that would accept such a kid and cost less than $50k/year full pay?  That totals 200k over 4 years, which is a typical home (and most even upper middle class people would need a 30 year mortgage plus the tax breaks that come with that mortgage)[/quote]

Ohio Wesleyan 
Allegheny
Ursinus
Juniata
Ohio University [/quote]

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