Reply to S/o: The shrinking middle class at top schools

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This study is dividing incomes into quartiles.  The upper quartile starts at 98K annual income (2018-2019 school year, not certain if that's the last year the study covers).  So this has nothing to do with the donut hole gripes that circulate here.
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Except at the very top schools (and the study looked at 200 schools), the financial gap known as the doughnut hole goes down well into financial aid territory. Generally speaking, under FAFSA, a family making $100k is expected to pay $47k toward the cost of attendance. That can represent a big discount off the sticker price and still be too expensive for a family to bear, especially for high-performing students who might get a merit-based full ride from a less selective college. Practically the entire honors dorm at GMU, for example, is in this situation. They could be admitted to the more selective schools included in this study, but even with FA, they can’t rationalize the more expensive choice. And this affects admissions, too, because if you feel you can’t turn down a potential full ride at a school like GMU, you can’t afford to ED anywhere. That’s why the true middle class is disappearing from the 200 selective schools looked at in this study. [/quote]

DP. I don't think that figure is quite accurate.  Our income is around 130k and efc around 40k.

Our kid's top college (T20) expanded aid for families in the mid income range (true middle class) over the past 3 years. % of students in mid income went up.[/quote]

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