Reply to FA for 200k HHI

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This I don’t get. Why should schools subsidize at all for rich people with large assets just cause they are in certain pots?

I am not rich income wise. But I have a 1.8 million dollar house and 2.5 million in my 401ks. I am over 59.5 so can tap the 402k with no penalty and mortgage free so can tap home equity. I could cry poverty based on income but is that right?

Let’s say I had same assets and lived in apartment and had no 401k and had 4.4 million in bank how is that different? [/quote]

I've always thought this. I think FA is largely classist. I know dentists who make 600k for years and then, the year before the year before, lower their salary to 100k for 4 years.  They have millions in retirement, millions in home equity, million in their business .. and they get FA.  Net worth 8mm.

An über driver who makes 30k, has 100k in credit card debt, has 100k in student loans, rent is too damn high and no stocks.  But she wins 2mm  in lottery - she's full pay.  Net worth, under 2mm[/quote]

The dentists are lying or send their kids to public universities that don’t use the CSS profile. There is no way to hide home equity and business assets using the profile which is used by the majority of private universities and publics such as UVA.[/quote]

plenty of privates dont' factor in home equity or value of small business if under 100 employees.  dentists and other professionals, often buy down leased equipment or buy out partnerships to sink money into business.[/quote]

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