Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

? what does this mean, fewer than 5% of the colleges are affected?[/quote]

That less than 5% of colleges use home equity (the primary regional cost of living factor) in their financial aid calculations.[/quote]

Were you the one above who said these included many or most of the best privates?[/quote]

I didn't say it, I quoted the link that does.

[b]The very best privates are by far the most generous with financial aid, [/b]BTW.[/quote]

for poor and maybe middle-income people maybe. -[/quote]

No, false.  Princeton gives an average grant of $19,000 for people making $250K and up, and full tuition and discounted room and board for those making $120-140K, well above the 80th percentile:

https://admission.princeton.edu/who-qualifies-aid

[/quote]

Wow - that's really good financial aid. Is that typical for privates of this caliber?[/quote]

Yes, at the top privates with big endowments.  From Harvard's website:

[quote]Families with incomes between $65,000 and $150,000 will contribute from 0-10% of their income, and those with incomes above $150,000 will be asked to pay proportionately more than 10%, based on their individual circumstances.[/quote]

https://college.harvard.edu/financial-aid/how-aid-works/fact-sheet

From yale's:

$200-250K  median scholarship $27,542

https://admissions.yale.edu/financial-aid-prospective-students#whoqualifies[/quote]

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