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College and University Discussion
Reply to "No financial aid for middle class at public college???"
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[quote=Anonymous][quote=Anonymous]OP -- a colleague once told me....with regard to college tuition...you are screwed if you are Middle Class. I also have twins -- seniors this year. Here is the real kicker....I am with you in that our total gross HHI is also $200K...BUT it wasn't always..in fact for the majority of our careers it was closer to $100-150K COMBINED HHI. So while we currently make $200K we are still MC for the DCUM area. We might be creeping towards UMC...but I would say UMC are those that have HHI of $200K+ for the majority of their careers...not just the tail end when they are around 12-15 years away from retirement. [/quote] You are not middle class at $100-200K a year. I don't get it. We have $150 saved for our 10 year old and have paid private school, activities and therapies plus helped family members and still comfortably saved that. You are overspending if you are stretched at $200K. Most people don't have $200K for the majority of their careers. You didn't have to buy an $800K house.[/quote]
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