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That's exactly right: https://collegescorecard.ed.gov/school/?243744-Stanford-University https://collegescorecard.ed.gov/school/?243744-Stanford-Univ... Expand
by jcheng 11y ago
That's exactly right: https://collegescorecard.ed.gov/school/?243744-Stanford-University https://collegescorecard.ed.gov/school/?243744-Stanford-Univ...
Expand the "Costs" section and you can see that if your family income is less than $100K, you're probably going to pay a small fraction of $50K.
- brianwawok 11y agoIf your parents make a lot of money but won't pay for college, you get stuck with the full bill. One of the many big wholes in the financial aid game.
- sokoloff 11y agoAnytime a pervasive worldwide, nationwide, or statewide problem has been reduced to a fairly rare intra-family problem, that's still a great thing.
- brianwawok 11y agoIs it fairly rare? I know a lot of upper middle class friends who's parents had 0 savings and could not help at all with college, but by income guidelines they were expected to contribute a lot.
- sokoloff 11y agoI have no data on how rare it is. My anecdotes suggest that it's more a matter of how the family prioritizes and allocates the income they have. There is a very tight spot in the curve where you make a "good income" but your associated lifestyle expenses are such that all of that income is allocated before any is earmarked for college. I still view that as a choice, though.
- brianwawok 11y agoOh it's a choice.. but it is a choice of the parent screwing the kid. College is one of the first real things you do as an adult. i.e. you may sign up for giant loans you owe the rest of your life. Silly that the kid is responsible for the loan side, but if he has irresponsible parents he gets no financial aid.
- sokoloff 11y agoIf the alternative was every kid got money just based on the parents saying they wouldn't pay, it would take me less than one clock cycle to conclude I wouldn't pay for my kids either...