Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

Forum Index » College and University Discussion

Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have 1 kid that will go 4 yrs in state.  The other is doing HS DE and will finish his last 2 yrs in state.  I think where they go for grad school is more important than where they go for undergrad.[/quote]

Why waste $$$s on grad school?  It’s usually a terrible investment.

Never understand this thinking.[/quote]
Med school pays itself off easily. All our close friends did full loans and paid off within 15 yrs. Law school pays off for most. PhD’s worth getting are fully funded (ie tuition plus stipend to live on, yes even in humanities): they are Free!
Only terminal masters can be a $ suck, but some of them, depending on field, pay off well. [/quote]
"Pay off easily" and "15 years" are not anywhere close to synonymous in my head. That's a debilitating wait to have freedom from just school debt.[/quote]

When you marry another doc or marry a lawyer, your household income is up above 250k once residency is done and up above 400k combined within 8-10 yrs. This was graduating med and law 20 yrs ago, hitting 400k combined 10 yrs ago. It has gone up and they make more starting now. Med loans spread out over 10-15 yrs PLUS private k-8 for 2-3 kids was not a problem . All of our friend from prof school have done similar. It is not at all a problem. Most of us have homes valued over 1.5million, that we bought ourselves . The single-earner families have it harder and have chosen public or catholic school but their spouses have the same uva or georgetown or similar undergrad—they could have a lucrative job they didnt choose that. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics