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College and University Discussion
Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"
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[quote=Anonymous]Another way to look at the steep drop-off in financial aid as family income moves above $120K is as a very progressive tax rate. Top private colleges think it's fair to take up to 75% of your incremental income above $120K in the form of reduced grant aid. I can see how that stings and feels confiscatory. And there's usually no aid penalty for a spouse not working. It's similar to the situation where an income gets eaten up by childcare expenses.[/quote]
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