Interesting that this is JUST for NC students

They used to have a lot of scholarships that were only for NC students. Hence why they had so many MC students (I think it was 30-40% of the student body)

My assumption is the donors want it restricted. It would help them more, though, if they took it national.

Anonymous wrote:Is it income only and doesn’t include assets? We always figured that we wouldn’t get aid because we have significant assets, but will likely be retired or semiretired when the kids go to college. Would we still qualify for these programs if we lived instate and had a low enough income? Or, does it still use the FAFSA and exclude people based on assets.

Great question. I'm not sure. But they don't want to get into details like that - ruins the wonderful headline that makes them look so generous and kind.

Is it income only and doesn’t include assets? We always figured that we wouldn’t get aid because we have significant assets, but will likely be retired or semiretired when the kids go to college. Would we still qualify for these programs if we lived instate and had a low enough income? Or, does it still use the FAFSA and exclude people based on assets.

Anonymous wrote:

Anonymous wrote:Wow! I wish this existed when I went there!
My sweet blue collar parents took on debt for me, I had a small loan, and I did have a partial scholarship that was allocated to NC students.
But this is awesome!

It really isn't. Would it kill these kids to take out a small loan like you did? And/or get a job?

students on need based financial aid will have work-study as part of the package, at Wake and almost every school. This new "deal" is need based aid, with a generous cutoff. Heck my full pay kids have campus jobs as do most of their friends, on aid or not.

Anonymous wrote:North Carolina doesn't tax pensions, either. Early retirement with a pension in NC shortly before kids are college age sounds good.

That's what our neighbors did about 15 years ago, moved to NC before the kids junior year because they knew she wanted to go to a NC school.

Who is paying for these then?

North Carolina doesn't tax pensions, either. Early retirement with a pension in NC shortly before kids are college age sounds good.

Anonymous wrote:Emory has the same problem as Wake. It had a hard time competing with UGA and GA Tech for top Georgia students.

Yes, and that is amplified by the fact that strong students can get the HOPE/Zell Miller scholarship and go to UGA/GA Tech (or whatever other GA state school they fancy) for free or a very reduced amount. Not logical to choose Emory unless you have a TON of money to burn

Emory has the same problem as Wake. It had a hard time competing with UGA and GA Tech for top Georgia students.

Anonymous wrote:

Anonymous wrote:You can live like a king for $190k in NC. This is ridiculous.

So in the past few days Wake, Tufts, and Emory have all announced similar programs (I'm sure I'm missing others). There is probably a decent amount of overlap in applicants.

Meanwhile the donut holers get more and more depressed as they continue to get squeezed. No one is taking up a collection for them but they have historically been the backbone of so many of these schools. Now no one cares.

No you can not.
That is absurd.


North Carolina is not cheap.

I just looked up homes on Zillow for Charlotte NC. There are a plethora of homes in the $300-500k range!!

Anonymous wrote:You can live like a king for $190k in NC. This is ridiculous.

So in the past few days Wake, Tufts, and Emory have all announced similar programs (I'm sure I'm missing others). There is probably a decent amount of overlap in applicants.

Meanwhile the donut holers get more and more depressed as they continue to get squeezed. No one is taking up a collection for them but they have historically been the backbone of so many of these schools. Now no one cares.

I am thinking the same. $200k is a high salary for most of the United States. I am surprised they would offer free tuition to these families. Well those families certainly hit gold!

Anonymous wrote:

Anonymous wrote:You can live like a king for $190k in NC. This is ridiculous.

So in the past few days Wake, Tufts, and Emory have all announced similar programs (I'm sure I'm missing others). There is probably a decent amount of overlap in applicants.

Meanwhile the donut holers get more and more depressed as they continue to get squeezed. No one is taking up a collection for them but they have historically been the backbone of so many of these schools. Now no one cares.

No you can not.
That is absurd.


North Carolina is not cheap.

Fine. If you are making $190k in NC (or most other places) you can afford to contribute something for your child's college education or you are doing something really wrong. If you can't it means there is either a very unique situation or you took out way too much of your own loans (not my fault) or you spent too much on your car and vacation and golf club membership and everything else that should have been saved for college.

When doing the math on this they should also be calculating an implied salary for a non-working spouse. I know that private K-12 schools often do this when calculating aid.

But again, they are welcome to do what they want to achieve the goals they want, so I guess it stinks to be me.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You can live like a king for $190k in NC. This is ridiculous.

So in the past few days Wake, Tufts, and Emory have all announced similar programs (I'm sure I'm missing others). There is probably a decent amount of overlap in applicants.

Meanwhile the donut holers get more and more depressed as they continue to get squeezed. No one is taking up a collection for them but they have historically been the backbone of so many of these schools. Now no one cares.

No you can not.
That is absurd.


North Carolina is not cheap.

+1 DCUM doesn’t get out much.

Outside of the triangle, it is.