Reply to If college is so expensive ... why don't more families get need-based aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At Harvard: 55% of our undergraduates receive need-based Harvard scholarships.

Are people taking out massive loans or is everyone just actually RICH?[/quote]

Those at Harvard who don't get Need based scholarships are typically making more than $200-250K/year.  So yes, if you make more than $250K, it is not unreasonable to assume that you could/should have saved for college.

THe T50 schools/ones that cost $75-90K+/year typically are filled with kids whose parents make $200K+, at least 40-50% of the student families fall into that at most.  It's been that way for decades.

And yes, if you make $250K+, it is reasonable to assume you can save for college.  You may not choose to save for $90K costs, but certainly for in-state ($30K now).  [/quote]

250k a year pre tax with a family is not that easy to save $400k per kid. It’s just not. The end result is these families of mid level professionals or civil servants don’t get to go to private college. The poor kids do alongside the hedge fund kids. [/quote]

Did not say it's "easy to save $400K per kid". The end result is not "you don't get to go to private college".  Outside of the T25-30 schools, many of the $75-90K schools offer good merit to great students.  My kid (1500/3.98UW/8AP) had merit offers of $30-42K from 3 schools in the 40-65 range.  
Had they gone down another tier, they could have gotten much more merit.  There are plenty of private schools in the T30-100 that will only cost you $40-50K per year.  There are also plenty of states schools that will cost less.

So you can attend state schools, if you cannot find the way to save for $400K.

What makes you feel entitled to be able to attend a school you cannot afford?  Do you also walk into a BWM showroom and request they sell you a $75K SUV for only $30K?

And if having your kid attend a T25 school is that important to you, you make sacrifices along the way to save the $400K.  (IMO it's not worth it if you have to sacrifice too much---save for $30-40K/year at state school and be done with it, or save less and expect your kid to have a summer job and actually help pay some for college)
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