Financial Aid at Top School with Middle Class Parents Forum
- mrsharveyspecter
- Posts: 51
- Joined: Wed Oct 18, 2017 4:34 pm
Financial Aid at Top School with Middle Class Parents
Hey yall. I'm looking to attend either Stanford or Harvard at this point (and Yale if I get in). Leaning towards Stanford.
I graduated college a couple years ago and have been working in the finance industry, but I don't have too much saved up. Or at least not enough to make a dent out of tuition.
My parents make around ~$250K per year combined and they have a bunch of non liquid assets.
How much financial aid would I reasonably expect with this background?
I graduated college a couple years ago and have been working in the finance industry, but I don't have too much saved up. Or at least not enough to make a dent out of tuition.
My parents make around ~$250K per year combined and they have a bunch of non liquid assets.
How much financial aid would I reasonably expect with this background?
- Sinatra
- Posts: 451
- Joined: Tue Jun 04, 2013 11:40 pm
Re: Financial Aid at Top School with Middle Class Parents
Full ride scholarship so long as u maintain a 3.7+ at these schools
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- Posts: 25
- Joined: Thu Sep 14, 2017 1:28 pm
Re: Financial Aid at Top School with Middle Class Parents
Surely you're joking about the middle class part, right?
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Re: Financial Aid at Top School with Middle Class Parents
OP is probably borderline middle class (as opposed to UMC).SolemnMan wrote:Surely you're joking about the middle class part, right?
- emkay625
- Posts: 1988
- Joined: Sat Dec 05, 2009 11:31 pm
Re: Financial Aid at Top School with Middle Class Parents
250K is approximately the 96th percentile in terms of household income.
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- Posts: 45
- Joined: Thu Jul 21, 2016 11:52 am
Re: Financial Aid at Top School with Middle Class Parents
LOL at borderline. OPs parents are UMC af.Hikikomorist wrote:OP is probably borderline middle class (as opposed to UMC).SolemnMan wrote:Surely you're joking about the middle class part, right?
True Middle class in this country is prob like 75-150k household. Whereas LMC is 40-75k.
To answer OP, you will get 0.
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Re: Financial Aid at Top School with Middle Class Parents
Middle class is incredibly expansive in America, because lifestyles don't differ that much between $100k and $250k, assuming you live in an averagely expensive city.emkay625 wrote:250K is approximately the 96th percentile in terms of household income.
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- Joined: Sat Apr 13, 2013 2:56 pm
Re: Financial Aid at Top School with Middle Class Parents
This (the last part) is wrong. It depends on a ton of things other than parents' income, like age of the OP, whether the parents are paying other tuitions, mortgage, etc. Based on the single number OP gave us, they could very well get something.bokampers wrote:LOL at borderline. OPs parents are UMC af.Hikikomorist wrote:OP is probably borderline middle class (as opposed to UMC).SolemnMan wrote:Surely you're joking about the middle class part, right?
True Middle class in this country is prob like 75-150k household. Whereas LMC is 40-75k.
To answer OP, you will get 0.
To OP: as much as HYS make it sound like they have some formula, it's impossible to predict. As an anecdote, S offered me over four times as much as H, based on the exact same information. Just apply, and if you have some time crunch on deciding on other schools' scholarships, let them know and they'll get back to you quickly.
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- Joined: Thu Jul 21, 2016 11:52 am
Re: Financial Aid at Top School with Middle Class Parents
Willing to bet? Were your parents anywhere near this income level? OP, don't get your hopes up. 250k income + assets will get you NADA(!!!).bloomsday wrote:This (the last part) is wrong. It depends on a ton of things other than parents' income, like age of the OP, whether the parents are paying other tuitions, mortgage, etc. Based on the single number OP gave us, they could very well get something.bokampers wrote:LOL at borderline. OPs parents are UMC af.Hikikomorist wrote:OP is probably borderline middle class (as opposed to UMC).SolemnMan wrote:Surely you're joking about the middle class part, right?
True Middle class in this country is prob like 75-150k household. Whereas LMC is 40-75k.
To answer OP, you will get 0.
To OP: as much as HYS make it sound like they have some formula, it's impossible to predict. As an anecdote, S offered me over four times as much as H, based on the exact same information. Just apply, and if you have some time crunch on deciding on other schools' scholarships, let them know and they'll get back to you quickly.
Please update us when you hear back.
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- Posts: 7791
- Joined: Tue Dec 30, 2014 12:05 pm
Re: Financial Aid at Top School with Middle Class Parents
The fact that law schools are blind to economic realities shouldn't be surprising.bokampers wrote:Willing to bet? Were your parents anywhere near this income level? OP, don't get your hopes up. 250k income + assets will get you NADA(!!!).bloomsday wrote:This (the last part) is wrong. It depends on a ton of things other than parents' income, like age of the OP, whether the parents are paying other tuitions, mortgage, etc. Based on the single number OP gave us, they could very well get something.bokampers wrote:LOL at borderline. OPs parents are UMC af.Hikikomorist wrote:OP is probably borderline middle class (as opposed to UMC).SolemnMan wrote:Surely you're joking about the middle class part, right?
True Middle class in this country is prob like 75-150k household. Whereas LMC is 40-75k.
To answer OP, you will get 0.
To OP: as much as HYS make it sound like they have some formula, it's impossible to predict. As an anecdote, S offered me over four times as much as H, based on the exact same information. Just apply, and if you have some time crunch on deciding on other schools' scholarships, let them know and they'll get back to you quickly.
Please update us when you hear back.
- Wild Card
- Posts: 988
- Joined: Fri Jan 17, 2014 6:48 pm
Re: Financial Aid at Top School with Middle Class Parents
This reminds me of AutoAdmit threads.
The median (i.e., "middle") household income in the United States is, like, $60,000, and your parents make $250K, and you yourself probably made $120K a year.
It's insane to consider yourself middle class, absolutely insane.
The median (i.e., "middle") household income in the United States is, like, $60,000, and your parents make $250K, and you yourself probably made $120K a year.
It's insane to consider yourself middle class, absolutely insane.
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