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Reply to "At what income are you unlikely to get any aid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a myth, from what I've seen... Not even close to true.> [quote]Some schools have a higher limit for financial aid, most families with $150k and under with average assets and liabilities get a full ride. [/quote] For those with high incomes ($200k and above) and say you got need-based aid, could you please name the schools and amount? Our experience is similar to the $145k income family who got nothing. In our case, we sacrificed to save $ for 3 kids in 529s, which hurt us with aid. And to the person who suggested just shifting non-retirement money to retirement accounts... could you please help me follow what you mean? There are limits to the amount you can save in retirement accounts each year. If you missed the chance to contribute 5 years ago, you can't just go back and move non-retirement $ into a 401k or IRA now, right, so how could anyone simply move $ into retirement accts? [/quote] 225k, Stanford, $23K financial aid [/quote] Didn't your assets play a role in the financial aid decision? Once we hit the $2M mark, all the NPCs showed zero need-based aid regardless of income.[/quote]
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