Reply to If college is so expensive ... why don't more families get need-based aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At Harvard: 55% of our undergraduates receive need-based Harvard scholarships.

Are people taking out massive loans or is everyone just actually RICH?[/quote]

Many of the ivies give full aid to families who make up to 175k per year and some need based aid up to around 250k Household income. Full pay is for everyone 250k and above. We only started making 300k a few years ago and made less than 100k when our second kid born. Yet we are fullpay for one at an ivy and about to have a second in college, probably will also be elite and 87k. All with a 4300 per month mortgage in the DMV, and we did parochial school then magnet public for free. We do consider ourselves quite rich! We just dont spend it, we save it and live off less.
It is not that hard for over 250k to find a way, without loans, as long as they planned early and saved even 3-5k a year early on. That’s a small vacation or a less expensive car or no $16 lunch&tip 5 days a week at work when you can pack leftovers or a sandwich for $1 a day[/quote]
I brown bag my lunch every day. $1 will get you 2 slices of bread and half an apple or a cup of yogurt. You are really eating light.[/quote]

You are missing the point!  Lunch out with people from work is $18-20+/day.  Most can Bring something from home for $2-3 (the exact amount isn't the point).  Add in the coffee many go grab in morning with people at work (so another $5-7 per day) and it adds up.  For things that you do not need to do all the time---those two things alone can save $20/day or $100/week or $400/month (maybe $300/350 so you allow yourself to go to lunch with colleagues or grab a coffee once in a while).  But fact is most people dont' realize where they are "wasting" money
[/quote]

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