Reply to When the reality of college cost hits. Cannot do dream school.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't believe you[/quote]

This is an odd post.[/quote]

Under the circumstances OP has described, I don't believe an Ivy would require the parents to pay 75k.  I just don't.  [/quote]

I’m actually with this person. All of the Ivies either exclude home equity or cap it at a low multiple of income when considering how much the parents have in assets. Most (all?) also take into account medical expenses not covered by insurance.

I ran the Columbia (who I think uses the highest multiple of income for home equity) NPC calculator quickly with the limited info OP provided and some generous assumptions and it only had a family contribution of $19k, with Columbia picking up $78k. There are some major assets missing from this story.[/quote]

I ran it again with even more generous (and probably unrealistic) assumptions and it spit out a family contribution of $29k with Columbia covering $68k. Something is missing here.[/quote]

Did op kid get into ivy or columbia? Why are you mentioning Columbia?[/quote]

Because, as stated before, Columbia is the harshest Ivy with regard to home equity. So if home equity is truly the problem, Columbia should spit out the least favorable number. Everywhere else would be better for a high home equity case. And yet the expected contribution from Columbia is still quite low.

Hence, there are missing assets from this story.[/quote]

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