If my family makes 160k a year, what t20 colleges give the best aid?
There is no blanket answer because there is more than just income involved. Input you data into the NPC for those 20 colleges to find out what your cost of attendance will be.
Run the net price calculator for the schools on your list. There is more to it than just income, i.e assets, family size, etc…
Let’s start with…you have to get accepted to one of these colleges to benefit from generous need based aid. The schools that give aid to families with $160,000 a year in income are highly competitive for admissions…think Harvard, Yale, Stanford, Princeton and the like.
Some of these colleges reject 90% of their applicants.
So…none are slam dunks for admissions. And without an admission, you aren’t going to see a dime of need based aid.
Start looking for guaranteed merit aid at less selective schools. Your “medium” course rigor is not going to be a plus…and neither is your GPA for the highly selective top 20schools…
And…how much aid do you need? And how much WILL your parents contribute annually?
And this…you posted…
When did you take the SAT and get 1550? You are currently a rising HS junior.
On one thread you say your GPA is 3.85 and another 3.77. Which is it?
Princeton came out lowest for every calculation I ran. For a family earning 200k with 300k home equity and 100k in cash, the EFC came out at $38,792. But others are correct, you’ll need to run the NPC for each school. Best of luck!
Princeton is a reach for this student…with a less than rigorous courseload, and his 3.77 or 3.85 (depending on which thread you want to believe).
Heck…Princeton is a reach for everyone. 90% of applicants get rejected.
If he got accepted, sure, he would get decent need based aid…but really…that is NOT a slam dunk.
Also, he will start college the 2020-2021 academic year…so the 2018 tax year income is what will be used for financial aid purposes. It is July…that year hasn’t ended yet. So…he needs to see what that 2018 income is…oh…and assets DO count as well.