Reply to New University of Pennsylvania financial aid thresholds

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[quote=Anonymous][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]

I agree. We have literally never taken a vacation because we’re focussed on saving money. We know we’re not getting any family support or inheritance so we’ve been building retirement funds (both official and non official regular stock account) to make sure we aren’t a burden on our children later. We could put that money into our house and then qualify I suppose but it’s more financially sound to keep our low mortgage and leave the money in the growth accounts. I hate these types of policies that hurt people who are financially responsible and help those who aren’t.[/quote]

I could have written this. [/quote]

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