Re:The Ivy League Was Another Planet
by hkmurakami on Sunday March 31, 2013 @11:17AM
(#5468850)
I wonder if these need based aid package recipients tend to be from (1) lower income neighborhoods or (2) are from lower income families who strained financially in order to live in a higher income neighborhood so that their kids could go to the better schools.
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Re:The Ivy League Was Another Planet
by mjmahone17 on Sunday March 31, 2013 @12:37PM
(#5469154)
Truth be told, it's probably a mix. My family was a high-ish income family for my high school (which seemed to have a range of income levels), but I'm still on financial aid. It actually seems most students on financial aid at Ivy Leagues aren't from the bottom-fifth of the income bracket, but more the third-to-fourth fifths. And some in the bottom of the top fifth.
Financial aid at say Yale doesn't phase out totally until $200k+ household income. It's substantial even at the $100k mark.
Re:The Ivy League Was Another Planet
by andrewchoi on Sunday March 31, 2013 @12:52PM
(#5469217)
Technically, at least for my university, they're all need-based aid packages.
Anecdotally, I'm from the latter type of family. Despite my mother's efforts, we still couldn't relocate to a really good area in time for me to go to high school, but we eventually got my brother into a much better public school than I went to.