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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]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] We don't have an $800K house. Mortgage is $3K on a much older home....but with older home comes older problems over the years....A/C repairs every year until this year needed to replace entire thing...new gutters needed due to water coming into home...roof repairs, etc. And then there is family overseas and making visiting in-laws a priority...so we don't take fancy vacations but kinda screwed when visiting grandparents isn't just a weekend drive or domestic flight. Then one parent ill for many years...so multiple visits a year for 8 years. We buy average price (not luxury) new cars but drive them to the ground or until costs of repairs is unreasonable. And...by the way....yes $100-150K/year is MC in the NOVA region....check out this calculator: https://www.pewresearch.org/fact-tank/2018/09/06/are-you-in-the-american-middle-class/ Also - this article: https://www.businessinsider.com/middle-class-income-us-city-san-francisco-2018-2#washington-dc-up-to-199338-24 - -in the Washington DC region MC is considered up to $199,338 [/quote]
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