<p>I'm perfectly serious (and I am right in the middle of that group, with my income being at the 67th percentile). And the proof is in the data. There just aren't that many of us at many of these schools (and of those who are, the bulk are athletes and recruited URMs). Here, they've designed a financial aid policy (yet another one) that will benefit those in the top quintile (as Calmom notes so well), but has virtually no effect on most middle and upper-middle quintile folks. </p>
<p>But even if it did, most are just not getting in, and there are reasons for that.</p>
<p>Princeton has indeed done away with loans. Ask who the majority of the beneficiaries are.</p>
<p>(Calmom - my bias is the same as yours, but my alma mater thinks it better to use my measly alumni contribution to subsidize the millionaire's kid. But, hey, I don't run the place.)</p>