Reply to Is there any correlation between income and merit aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“$400k in a high cost area with 3 kids in college (which gives you no discounts) is a big struggle to pay $80-90k/year for each kid”

Cry me a river 🙄[/quote]

Easy to say when someone else is paying your bills.[/quote]

Nobody else is paying my bills, what are you babbling about?[/quote]

If your kid is getting need-based aid, that’s exactly what’s happening. The classmates paying rack rate are subsidizing your kid’s education. They ARE paying your bills.

You sarcastically wrote “cry me a river”, right? That’s what was responded to. Who would say that other than someone dismissing the complaint of those paying full price? [/quote]

bitter much?[/quote]

Yeah, of course. Why are you unable to pay your own bills, or else send your kid to community college?

Why am I paying for your kid?[/quote]

Do you really think poor kids shouldn’t be able to go to college? That’s a fascinating take. You are a villain. [/quote]

No, of course not.

Do you really think they are too good for community college or public institutions? They can only go T20?[/quote]

Poor families can’t pay full freight at public universities, either. I know because I grew up poor, got financial aid at a UC, and took the rest out in loans that I paid off myself. There’s no way my parents could have paid even the $12k per year or whatever it was back then. I’m lucky enough to be a comfortable earner now and I would never object to low-income kids being subsidized at whatever school my kids end up attending.

And no, I don’t think that all low-income, high-achieving kids ought to miss out on the chance to go straight to a 4-year school. [/quote]

That sounds well and good, but tell me where your feelings would land under an alternative fact pattern:

Your three kids have higher tests scores, more rigor in their transcript, greater depth and breadth on their ECs, and the same GPA - but because of their apparent misfortune of attending a highly competitive public HS, their college applications are overlooked for kids with lower test scores, less rigor on their transcript, lesser depth and breadth on their ECs, and the same GPA at a much less competitive public HS where they are the “big fish in small pond”. So the low income kids are often starting out at better institutions than your kids.

Then, you’re looking at paying an average of $90K per year for each of your three kids to go through, let’s say Duke, Hopkins, Macalester. All three would have been viable at T10 schools but for the fact that the HS cohort they were compared against was exceptional. Class of 2027, Class of 2029 and Class of 2031. Over that 8 year period, you’ll be incurring a cost of $1M+.

The low income kid is paying nothing - again, often at better institutions leading to better career prospects, typically.

Are you really cool with the process as it stands now, under that kind of a fact pattern for you?[/quote]

DP: yes, I am with the process. I’m grateful that my child has all of the privileges you mentioned. I also realize that even if the top 10 schools didn’t accept low income kids, the majority of MC, UMC and wealthy kids will not be able to attend because the number of seats are not available. In fact, a small percentage will attend T20 schools. I’m not crying over the 10-20% of seats going to low income kids. [/quote]

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