Anonymous wrote:How fast does the price ramp up for people slightly avoid the "pay $0" threshold?

Anonymous wrote:

Anonymous wrote:Penn eliminating home equity is a much bigger change than the income threshold raised $50k.

I bet there were plenty of $150k applicants with $250k+ of home equity. That was why Princeton’s aid packages were always much more generous for two identical families.

This will open up aid to a large group…I gather existing students can now request aid based on these changes?

Actually income change is bigger, IMO. Savings/equity don't count nearly as much as income when it comes to calculating EFC. And they probably already had some factor to treat home equity less than savings. I think a lot of colleges that still consider home equity, even without a cap, somehow qualify it.

Anonymous wrote:What this shows is that essentially no middle class people attend these schools, so they can afford to give these full scholarships to a few students.

Anonymous wrote:What this shows is that essentially no middle class people attend these schools, so they can afford to give these full scholarships to a few students.

Anonymous wrote:Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.

Question is what are typical assets? How many people make 200k and have limited liquid assets? Or do they intentionally try to keep them out of liquid accounts?

Anonymous wrote:Where were all these policies when I went to college. Other than subsidized Stafford loans, I didn’t get crap, despite having two non college educated parents and HHI 60k. Loans for me. It sucked.

Anonymous wrote:Maybe colleges need to adopt the Finnish traffic fine system where tuition is based on your individual financial situation.

I recall one of the Nokia founders (back in the day) getting like a $275,000 speeding ticket because he was a billionaire...whereas the average guy next to him would have gotten a $50 ticket.

I mean...Bezos' kid is at MIT (or graduated)...we all agree he should pay more than any of us...maybe he should have to pay $5MM per year which is still much less to Jeff Bezos than $90K is to someone earning $500k.

Anonymous wrote:Where were all these policies when I went to college. Other than subsidized Stafford loans, I didn’t get crap, despite having two non college educated parents and HHI 60k. Loans for me. It sucked.

Anonymous wrote:MIT just announced free tuition for everyone under 200k.

Why do these universities try to do so much social engineering? How about just giving everyone the same flat rate? (that would obviously be a lot less than current list price)

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MIT just announced free tuition for everyone under 200k.

Why do these universities try to do so much social engineering? How about just giving everyone the same flat rate? (that would obviously be a lot less than current list price)

tell me you have always been uber rich without telling me. good grief.

DP. Totally.

Anonymous wrote:Where were all these policies when I went to college. Other than subsidized Stafford loans, I didn’t get crap, despite having two non college educated parents and HHI 60k. Loans for me. It sucked.