2019Dad posted:CTbballDad posted:I'm paying so much more for college than I ever imagined, and I've been planning for years, felt I was as well informed as anyone , and by no means a wealthy man. For years I said "no way, will they expect me to pay that." Boy was I wrong.
My kids don't go to Ivy but I'm sure that Princeton chart is crap. It doesn't take into account your assets or home equity, for example.
No, I'm not bitter
The way I read it, below $180,000 every single applicant qualified, but between $180,000 and $250,000 it varied, depending on things like assets or home equity, but still most people qualified. Above $250,000 most did not.
Just for comparison, though, the 90th percentile for household income in this country was $170,000 in 2017, and the 95th percentile was $225,000 (see https://dqydj.com/united-state...rackets-percentiles/). For the vast majority of American families, the grants from an Ivy like Princeton are a better deal than a partial baseball scholarship (for most players, of course -- there are some outstanding players getting 90%+ at some schools)
To add: Princeton's endowment of $22+ billion and undergraduate enrollment of 5,300 means it has the highest per student endowment in the country; they can afford it.