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[quote=Anonymous][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]

Do you mean assets besides non taxable retirement accounts which usually aren't taken into consideration for financial aid?  Because $2 million on top of nontaxable retirement is a LOT of savings.  You should be able to pay for college instead of having to take out loans.[/quote]

I'm the PP who originally asked the question about $2M assets.

Why do you think this PP has to pay?  Because they were thrifty enough to save and everyone else did not?  We have over $2M in savings.  Do not live in a fancy house (our house is below median price for FFX county), Do not take fancy trips, etc.  I could have easily lived in a house twice as large, spent money on fancy trips, cars, etc and have close to no savings.  With income at about $200K, I would get a 50% discount at a school like Rice.  That's about a $100K per kid.  With 3 kids, that's $300K.  I'm now penalized for being responsible.  Put another way, my thrift is sponsoring some spendthrift a-hole!.  How is that fair?

And $2M is NOT rich.  At all. Probably not even enough to cover retirement.[/quote]

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