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As a parent who has paid full freight for two children, I’m happy to have saved and I’m happy to command a salary that makes me ineligible for most aid. That b
by JackFr 4y ago
As a parent who has paid full freight for two children, I’m happy to have saved and I’m happy to command a salary that makes me ineligible for most aid.
That being said, I do not own a house, I do not own a car and while my 401k is reasonably funded it’s my only asset.
I too believed that no one paid full freight until it was my time to step up, and the financial aid package provided was. . . loans.
When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. And 11% is not an insignificant number.
- ceejayoz 4y ago> When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. That doesn't appear to be the case. https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-Rates-at-Private-Colleges-and-Universities-Hit-All-Time-Highs https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-... "In the 2021 NACUBO Tuition Discounting Study, 359 private, nonprofit colleges and universities reported an estimated 54.5 percent average institutional tuition discount rate for first-time, full-time, first-year students in 2021-22 and 49 percent for all undergraduates—both record highs. By providing grants, fellowships, and scholarships, these institutions forgo about half the revenue they otherwise would collect if they charged all students the tuition and fee sticker price." (Note that this article specifically indicates 82.5% received grant aid.) > And 11% is not an insignificant number. It is, as much of that will be international students.