"The published cost of attendance is a fiction almost no one pays."
"Net effect: a $175k household with a house and a 401(k) is judged "full pay," pays near-sticker from already-taxed income, and receives essentially nothing."
I never know how to resolve these two statements. In our case, my daughter happened to choose a good public university. Maybe that is what they mean.
I gave up with a dreams of returning to school when I realized in my early 20s, despite paying my own rent, bills, taxes, etc, the financial aid system considered me a dependent of my father still and lumped his income in with the calculations done to determine what I get/don’t get.
"Net effect: a $175k household with a house and a 401(k) is judged "full pay," pays near-sticker from already-taxed income, and receives essentially nothing."
I never know how to resolve these two statements. In our case, my daughter happened to choose a good public university. Maybe that is what they mean.