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Reply to "2024 US News rankings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yep. Reality for many UMC-MC families in the DMV. Over $150-175 HHI (which is pretty normal here), you will get ZERO aid. If you made less, you could go to Princeton or Hopkins or one of the many 'need blind" schools absolutely free. Otherwise, you can expect to pay ~$730,000 to put 2 kids through a private like Duke or an Ivy or BC or Georgetown, etc. And lest we forget that price is for today. It will be even higher in 5-10 years. A year of tuition will be crossing $100k in the near future.[/quote] Stop lying. https://paw.princeton.edu/article/princeton-will-be-free-families-earning-under-100000 "The expanded financial aid program will also add support for families making more than $100,000 per year, and in particular, families earning $150,000 or less and those with multiple children in college. The average contribution of a Class of 2026 family making between $140,000 and $160,000 is currently $23,675; under the revised methodology, families with an income of $150,000 would pay $12,500 next fall. Even families making $300,000 annually would see a decrease in expected contributions — from $65,500 this year to $50,000 next year."[/quote] Families with more than “typical assets” do not qualify for any of this. What are “typical assets”? At Princeton it’s 200k in non-retirement assets. A lot of people like me with 100k never got a chance to shift a small inheritance into retirement (bcs my income limits that). So I’m was a 50yo solo mom who didn’t own a home, made 100k, had 250k in retirement, 400k in assets, no pension, and two kids. No FA from Princeton. I would have been a burden to my kids in retirement [/quote] Pay down your mortgage or buy a bigger house if you don't have one. Sell after graduation to cash out [/quote]
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