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[quote=Anonymous][quote=Anonymous]I am not PP, but it is obnoxious that I pay full tuition because I have assets over 2 Mill.  I have those assets because I spent less and saved while the Jones down the street had an interest only mortgage, leased new cars every 2 to 3 years, and took lavish vacations. I currently pay full tuition at a school where 77% of students receive financial aid.  I definitely feel like the idiot that was left holding the bag. [/quote]

Are you sure about the Jones's down the street?  I'm assuming you live in an area where people have similar incomes to be able to afford expensive houses.  If the Jones's income is more than say $200,000, they aren't going to get a lot of institutional grants, even if they failed to save anything for college.  They will qualify for loans.

If your college aged child is at a school where 77% of the students receive financial aid, what percentage of that aid is grants versus loans?   Qualifying for loans isn't that great a deal.  Your savings means your child doesn't have to take out loans.  The Jones's kids do, if they failed to save and spent all their money on leased cars instead of driving their car into the ground.[/quote]

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