DP but nothing the previous poster said was incorrect. Public universities no longer take into account multiple children paying tuition. This is a MAJOR change and a considerable hit to most families.Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.
Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.
But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.
This is incorrect.
There was a change that only applied to FAFSA and affected Pell Grant. The financial aid for middle class families and up comes from college’s known funds and had nothing to do with FAFSA rules.
Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!
Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!
Help us, we’re poor!
Anonymous wrote:Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!
Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!
Help us, we’re poor!
And another family makes $50k because they've bounced around in dead-end jobs instead of applying themselves. Another family makes $100k instead of working harder to get more promotions. Boohoo! They can't afford fancy colleges. But they scream, help us, we're poor! (See how that judgement works?)
Anonymous wrote:Instead of saving for expensive private college we bought a McMansion and leased luxury vehicles and vacationed to Europe!
Instead of sending our kids to schools we could easily afford, we feel entitled to financial aid!
Help us, we’re poor!
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.
Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.
Why would those families send 2 kids to expensive schools if they don't have college savings?
The point of financial aid is so that the best students, regardless of their parents financial circumstances, can afford to attend.
Not the "best students." Rather, the students that meet the woke AOs' DEI goals.
Anonymous wrote:Anonymous wrote:Princeton or state school like UMBC if kid can get merit money.
Emory, John Hopkins. You will still get aid. For example if school is 94k you may get 20k off and still be left will 74k. You may be better off at state school with merit money. Safety can give merit money too. Otherwise love your state school and full pay.
This is the whole joke with the 94k price tag. They hike tuition up to this astronomical level almost no one can afford, so that they can appear generous when they offer "aid" to get the price down to... a still extremely high price that almost no one can afford. Then wealthy families can brag their kid got a scholarship at some big name school, but in reality it's a marketing ploy to make you feel less swindled by the astronomical prices of these schools that cannot possibly be justified.
Anonymous wrote:I can’t believe some of you heartless people oppose giving aid to people just barely scraping by on $300,000 per year. What are we supposed to do? Clean our own houses? Cut our own lawns? Drive AMERICAN-made cars???
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.
Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.
But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.
This is incorrect.
There was a change that only applied to FAFSA and affected Pell Grant. The financial aid for middle class families and up comes from college’s known funds and had nothing to do with FAFSA rules.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Aid, like financial aid? Or merit. Hopefully $0 if the former. The latter, it all depends on your student's standing among the others.
Most families with HHIs of 300k with 2 kids in 90-100k/yr schools need financial aid to attend. Almost all of their take home pay would go to tuition.
But colleges are no longer required to consider whether a family has more than one student in college at the same time when determining financial aid. (Change was made in early 2020s, which screwed families with older kids close in age who had done college planning according to the old rules.). Some college will take siblings into consideration when determining aid, but not all, and even schools that do take siblings into consideration will treat this situation differently.