3 ms·
I mean I'd like to believe I'm some sort of one-percenter, but I don't believe I am. I paid full sticker price for two children and with my third there was som
by JackFr 3y ago
I mean I'd like to believe I'm some sort of one-percenter, but I don't believe I am. I paid full sticker price for two children and with my third there was some nonsense with institutional aid, but the hit was still way over $25000.
The problem with his central thesis though, I find is the reason behind jacking the price up. The reason isn't to make the school more prestigious, but rather to be able to soak all buyers at the proper price point. You can't state a lower tuition and then jack it up for the children of lawyers and hedge fund managers. You need to start high and then offer assistance to the children of mechanics and plumbers. (I know -- many plumbers are rich)
The funny bit is while airlines and car dealers have to resort to judgment and tricks to figure out your price point, colleges get the FAFSA handed to them.
- lesuorac 3y agoWell, I don't know what state you live in but for most of the HCOL states you need to be over 700k/year so you might not be. That said, the top 5% is roughly 1/3 of what the state's 1% is so pretty much all of FANG is 5-% https://smartasset.com/data-studies/what-it-takes-to-be-in-the-1-by-state-2023 https://smartasset.com/data-studies/what-it-takes-to-be-in-t...