Well, I couched it saying it was an overestimate. Besides, having $1,000,001 technically makes you a millionaire but I don’t think that’s what people are referr

Well, I couched it saying it was an overestimate. Besides, having $1,000,001 technically makes you a millionaire but I don’t think that’s what people are referring to when they’re talking about “millionaires and billionaires”. 4 years of $80,000 tuition is $320,000 - are we trying to say that 32% of a “millionaire’s” total assets is a cost of college we’re ok with as it only affects millionaires and billionaires? In addition, given an Expected Family Contribution (EFC) of $91k a year for assets == 1 million (plus other variables of course), there seems to be a decent amount of room to reduce the total assets <1 million and still pay the full price of $80k a year. Then even by strict definition, not only millionaires and billionaires are going to be paying full price.