2019Dad posted:It depends on the definition of "upper middle class." I think Princeton is very generous on incomes up to $250,000.
And all Princeton aid is in the form of grants, not loans. From Princeton's website:
Gross Family Income Percent Qualified Average Grant What It Covers $0–65,000 100% $67,350 Full tuition, college fee, room + board
$65,000–85,000 100% $62,865 Full tuition, college fee, 76% room + board
$85,000–100,000 100% $59,140 Full tuition, college fee, 54% room + board
$100,000–120,000 100% $55,540 Full tuition, college fee, 32% room + board
$120,000–140,000 100% $53,180 Full tuition, college fee, 17% room + board
$140,000–160,000
100% $50,000 Full tuition $160,000–180,000
100% $43,900 89% tuition $180,000–200,000
91% $38,810 78% tuition $200,000–250,000
83% $29,900 60% tuition $250,000 and above
(most who qualify have
2 children in college)33% $22,880 46% tuition
This isn't accurate if you have significant assets. For example, if you have money in a 529, significant investment accounts, rental property, etc you may likely get $0 even if you have low income.