Reply to TJHSST Class of 2015 College Acceptance Data

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]It's the families in the middle who cannot afford e.g. Harvard or MIT. Our HHI is $230K and with two college-bound kids, we cannot pay $65k/year/kid x 8 years. Not possible. Our kid will wind up at a state school or someplace that gives him merit aid bc Harvard and MIT et al do not give merit or [i]financial aid to families like us.[/i][/quote]

Harvard actually does, assuming your FAFSA shows that with $150K after-tax HHI, you can't afford to take out $120K tuition/board out of that $150K.[/quote]

FAFSA will often if not most of the time show a higher EFC than what a family can actually pay.

PP here with the $230K gross HHI.  FAFSA says we can pay $60k.  Impossible.[/quote]

Interesting. Even if you paid $60K per year for college, you'd still have a household income greater than 98% of the country. Really makes you wonder how the "others" live, eh?. [/quote]

Yes.  But bear in mind that FAFSA does not take COL into account.  Most people in the country are not paying $$$ for housing as we do her eyes.

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