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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We live in the DMV, make 120k a year (and have never made more than that) and our high achieving kid is not raking in financial aid other than loans or merit aid at the highest ranked schools. Our two kids are separated by 5 years so they are never in college at the same time, but their costs will drain our assets just as much as if they were going at the same time--is that fair? No, there's all sorts of wonkiness in all systems.  But I don't feel an elite private school  "owes" me anything.  They decide part of their mission is to achieve socioeconomic diversity--fine, that's how they spend their resources.  No private school is required to meet or not meet anyone's financial needs.

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Well just stating your income never shows the whole story. Do you have a lot of assets, own a second home, did you run the NPC calculators before applying? If your strategy was to go for merit aid then that is your answer. I think most schools can't provide generous financial aid AND generous merit aid. It is usually either one or the other. The tippy top schools don't provide merit aid just financial aid.[/quote]

I'm not complaining--just stating that even at 120k HHI there's not magic financial aid--it really is for those even lower at that for most except the most resourced, most expensive schools. We saved 90k for our 2 kids just from our HHI and don't have many other assets beside retirement accounts and our primary house.   We ended up just fine with a range of options--some lower ranked schools that provided  lots merit aid, some higher ranked that expected a lot of loans or left need unmet.  One T20 private school did provide a lot more financial aid, but still required a loan burden and a gap that we weren't comfortable with.

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