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College and University Discussion
Reply to "is Georgetown ever going to revise their FA situation?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I dont think they care about this. They have many outdated elements including a 1990s barbell demographic - very rich and very poor. They dont even acknowledge the issue[/quote] All the privates are getting like this. Free tuition (almost) for everyone under $125-150k and everyone over pays in full. Most T20s have rich and poor. Those that can afford it without aid and those who come from a low income to be able to get needs-based aid. Donut hole has gotten bigger and more MC/UMC being cut out of ability to send kids to private due to tuition becoming $85k-100k/year. Now even the in-state schools are expensive for many families--$40k, etc.[/quote] A few anomalies here. Very few colleges have free tuition for families close to 150k. Definitely a bunch if under 100k. But all these are middle class. I love how the wealthy are trying to reinvent themselves as the real middle class, and those of us under 150k are "poor." Good grief. Look to QB for guidelines on low income (under 70k).[/quote] A cop married to a teacher in DC is going to be pushing 200k in hhi. I guess you consider those wealth professions? [/quote] Yes, I am in a similar profession. We have told our kids no private colleges unless they get merit aid. We want to pay for college and grad school and this is what we have saved for. We don't vacation, we live way under our means and save for college. No big fancy expensive house in a good school district either. See how that works.[/quote]
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