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College and University Discussion
Reply to "Which private colleges have the best financial aid for donut hole families?"
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[quote=Anonymous]"I just ran Harvard's NPC with our HHI of 200k. I was pretty hopeful given this post above. But because we've scrimped and saved significantly for our 3 kids' college, we'd get no financial aid, according to the calculator. (Without the savings, it wasn't $23k, but the cost did jump significantly when I added the 529 funding in the assets)." One "tip" is that just because you don't get FA from Harvard the first year doesn't mean you won't get some when you have 2 or even 3 in college. That is where we stand our HHI is almost 50% higher than yours and we could easily pay for Harvard out of our savings but they believe that our family contribution is $75k per year. Harvard's NPC says the years we have one in school, we pay it all. The years we have a second in school, Harvard gives us aid that is pretty much equal to the 2nd college's COA. Now DC only needs to get into a school with a huge endowment. Another "tip" is that while Harvard's endowment is the largest, other HYPSMC schools are similar. [/quote]
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