Less Finaid in Years 2 to 4???

[sybbie719]

@thumper1

It might very well be correct. If your colleges have special guidelines for need based aid UNDER a certain income, and you then exceed that…you could see a bigger jump in your tuition costs.

^^this

for example Stanford states that families making under 125K pay nothing. for the family making $125, 001, it is a whole different animal

For example, Dartmouth(which is one of OP’s choices ) provides free tuition and no loans for families making less than $100,000 with typical assets.

If the $33,000 of increased income pushed the family over the $100k mark, then all bets are off and it is a totally different outcome

@Dartmouth College

FAMILIES WITH INCOME BELOW $100,000

**At Dartmouth, free tuition is provided for students from families with total incomes of $100,000 or less—and possessing typical assets. Loans are not required in their financial aid offer. **

Students and parents may decide to take additional loan to help with the calculated family contribution or additional expenses such as health insurance or a computer.

FAMILIES WITH INCOME ABOVE $100,000

There is no income cut off for scholarship consideration at Dartmouth. **We take an individual look at all applications, and families earning over $100,000 per year do receive scholarship assistance. Low interest loans are offered to students in this income category. **Dartmouth is committed to reducing student debt; however, the total debt our students have at graduation is among the lowest in the country.

https://financialaid.dartmouth.edu/financial-aid/how-aid-works/how-much-help-will-i-get

Op’s other school is Cornell

@Cornell University

Low Debt Burden

Cornell guarantees that any family with a total income of less than $60,000, and total assets of less than $100,000 (including primary home equity), will have no parent contribution and no loans.

Loans may be necessary for some families. Cornell caps the amount of loans a student can have based on their family’s income. The mean debt at graduation among Cornell students who borrow is less than $24,000 – substantially lower than the mean debt of $32,600 for all private college graduates.

https://finaid.cornell.edu/cost-attend/cornell’s-commitment-access-and-affordability

Again, an increase of 33k in income will be a game changer for the family’s financial aid award.

Possibly moving both schools from affordable to unaffordable because neither school is going to change their policy if Op’s family goes over the income threshold.

In answer to your question, of course schools (including ivies) lose students over aid. If you cannot pay the bill you cannot attend classes.

Don’t go into this thinking that if I attend, they will not take away my aid. They will and your package will go up or down depending on the income. If the 2019 income means that you are no longer eligible for the financial aid programs, then you will have to look at a school that is affordable over the course of 4 years