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College and University Discussion
Reply to "How does most of America pay for these elite schools?"
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[quote=Anonymous]I'm a millennial. My parents saved nothing for my college. Zip. We had a HHI of around $200k so I qualified for no need based aid. My dad was legitimately confused when I told him I couldn't make enough at a summer job to pay my own tuition and room and board, like he had. He thought I was just being lazy. It worked out that our state university didn't offer merit aid and my father refused to take out parent loans, so that wasn't an option. We were in a state without a reasonable community college option. I ended up getting into a T20, but attending a very low ranked school on a significant merit scholarship, plus a large external scholarship, plus student loans, plus three part time jobs. My kids had fully funded college savings accounts before they turned 5.[/quote]
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