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College and University Discussion
Reply to "Families making $200k - $400k"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]~300k agi, 90k in 529 and ~100k in savings with 1/2 of mortgage paid, no aid (0) from all 6 T20 schools DC got admitted to. Perfect stats and awards didn't matter. [/quote] Isn't this what you expected?[/quote] Well, if you take all the taxes out, mortgage payment, food and other spending, you'll not remain with 90k+/year that the top schools charge. Do you sell the house to pay for or use 401k miney? No. So, only option are loans that are at more than 9%now. Families making between 200 and 300k and not much in savings are in the worst position. Pay full without really affording.[/quote] The price of college in this country is outrageous. It needs to change. But I am just saying that I wouldn't have expected aid for someone in your situation from need-based schools.[/quote]
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