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Reply to "What did you pay last year (tuition+living) for DC college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][ Most likely your friends' students received very generous merit aid packages, espeically if they're attending lower-ranked/regional private schools. We've found that the cutoff for actual financial aid (not merit aid) is about $180,000 at the top schools. (Our HHI is $180K and we pay $18K/year at Princeton. Duke and Northwestern both came in at about $50K, so Princeton is a great deal.)[/quote] When people say the cutoff is about $180000 HHI is that gross income or is it AGI? [/quote] Bump[/quote] Every school has it's own need based financial aid formula, but generally I'd say $180k gross HHI is most accurate as the ceiling. We were getting 30k/yr FA from Duke when our HHI was under 150k. When our HHI rose to 175k gross we got only 8k/yr.[/quote]
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