Reply to New University of Pennsylvania financial aid thresholds

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[quote=Anonymous][quote=Anonymous]This threshold of typical assets is bogus.

It penalizes those middle income individuals who have been extremely frugal and saved and invested successfully.

It also penalizes those who have inherited money before their kids go to college (eg. those having kids later in life and having older grandparents) while ignoring the fact that many younger parents and their kids will inherit substantial amounts after they have graduated from college (while they still got financial aid)

[quote=Anonymous]Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.

Question is what are typical assets?  How many people make 200k and have limited liquid assets?  Or do they intentionally try to keep them out of liquid accounts?

[/quote][/quote]

+1. It also seems like a convenient way for them to get a PR win by talking about how many families will be able to qualify for free tuition while quietly making them pay when the time comes (“sorry, we know what the income thresholds are but your assets are too high or, as we like to say, ‘atypical’”).[/quote]

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