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College and University Discussion
Reply to "Are top private colleges mainly for poor people now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I didn’t know poor people make $150k or $100k. [/quote] Yeah, that's us, and I consider us middle class. Do the $200k+ people really think they are middle class? Maybe UMC at closest.[/quote] You must be one of those people posting from rural Kansas. 200K is middle class when the average house sells for 618K and 30 year mortgage rates are 7.2% and progressive federal and local taxes eat the first 40%+ of that income.[/quote] In the DC area, the upper band of MC is about $220K. https://www.cnbc.com/2023/01/02/middle-class-income-in-major-us-cities.html And $220K is not all that different from $250K after taxes, certainly not enough to pay for $80K/year tuition.[/quote] So you’re talking about families who have save nothing toward college tuition until their kid enrolls freshman year? I certainly agree that family cannot cash flow $80k COA. [/quote]
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