Reply to Does everyone on here with kids applying to top 50 schools really have the $80K per year to spend?

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[quote=Anonymous][quote=Anonymous]There are about 30 colleges that meet all financial need without loans. They tend to be the really good ones. The average family income in the US is about $70,000. If your kid from an average income household gets into Princeton or Rice or MIT or Amherst, it'll be affordable.

The people that are screwed are the donut hole families, which is much of the DMV. Private colleges are going to top $100,000 per year in the next couple of years. Two kids. $800,000.

That's ridiculous.

Would expect the competition for slots in the top schools that meet need to hyper-intensify in the years ahead. Suspect a lot of SLACs below the top 20 are going to have a hard time. Who is willing to pay that kind of money for Wabash College? State flagships are going to be much more competitive going forward as even the upper middle class are priced out of alternatives.

With the exception of the 1 percent, money is going to dictate a lot of college choices going forward. [/quote]

Only in education does GW cost more than Georgetown (or Harvard or Yale) and still have a surplus of demand [/quote]

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