Advice Please: Narrowing Colleges

marite
Sat, 10 Mar 2007 20:17:18 +0000

Even then, financial need can be calculated differently at different schools. A young man who was admitted to both Princeton and MIT found that there was a $7k difference in the annual package offered at the two schools. Over a period of four years, it came to $28k. He went to Princeton.

Curm: I have not made a study of how the finaid breaks down. But I would not be surprised if the folks who turn HYP down are in the $75-150k range depending on how many kids they have to put through college, how large a mortgage they have, and so forth.