Justifying the cost of MIT(or any other elite school)

<p>I just ran some figures for what passes to be an average middle class family in my part of the Hudson River Valley through the MIT net price calculator. The calculator spewed out an estimated grant-in-aid that was frankly pretty generous. I realize , however, that what passes for solidly middle class in Catskill might mean you are just above the poverty level in Chappaqua so I’m not doubting that you are feeling a pinch AnotherMITMom. I’ve just never heard anyone up this way complain about MIT’s financial aid before.</p>

<p>I am curious as to what you mean by “reviewing our retirement money?” I’ve had other schools ask questions about my wife’s IRA before but to the best of my knowledge none of them ever took retirement savings into account when they determined our financial need.</p>