Reply to Your Experience With Early Decision vs Early Action

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You did the right thing.  Ivy's aren't worth the debt.  [/quote]

For more than 90% of families, if you can get into an Ivy, it will be cheaper than other colleges. The Ivies have essentially eliminated loans from their financial aid packages. Among the few that still include loans, they only include subsidized federal loans that are capped at a total of $23,000 over 4 years. That's just not a terribly large debt load considering the annual total cost of attendance of $65,000+. For most families earning around $150,000, family contributions are generally in the $15,000 ballpark or less.  If you earn $150-[b]250,000 and didn't save or can't afford to pay $15-30,000[/b], you're right that private loans and parent loans could add up quickly.  But, it's hard to make the case that higher earners should get aid ahead of those who make much less.    [/quote]

I hear this all the time (10% of your HHI) but is this true though? My friend (DH and DW, GS-13/14, so making 250 k or slightly more combined) has a daughter at Princeton. As far as I know they get no FA - 60k/year with no help. No other kids. What am I missing?[/quote]

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