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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous]If you are lucky to gain acceptance to the top 15 schools...then any truly middle class applicant can attend for 100% free. The Ivy schools now say you get 100% free tuition if you earn up to $200k and you get 100% totally free if you earn up to $150k. It is then a sliding scale after $200k until like $300k. This assumes modest savings that would be "typical" for someone earning $200k. Some used to look at primary home equity, but most now do not. So, one idea is if you have a $500k mortgage and $500k of savings, you pay down the mortgage by say $400k. They also exclude retirement accounts.[/quote]
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