<p>Those athletes probably are generating a lot of revenue for the school(directly and indirectly). They deserve the money(scholarship), the amount of time they spend on it, it’s like a full time job.</p>
<p>Thank you R124687, oldfort, and Bay. That’s exactly where I’m coming from.</p>
<p>“I think the bigger reason that people had an issue with the OP is that she felt entitled to go to HYPS because of her stats. MANY people have stats like hers and get rejected all the time. She felt that she deserved to go and shouldn’t “settle” for a school like Penn State.”
^That is NOT what I meant and I’m sorry that in my rant, I made it come off that way. THIS is what I meant: “If OP can get into HYP, then she does deserve to go.” Bay put it very nicely. I’m saying that I have the stats to GET IN to HYP. I don’t expect to get accepted, and I don’t expect to get rejected. I know how difficult it is for anyone to get into these schools. What I’m saying is if I do get in, I would feel entitled to go. and if I do get in, I feel I don’t deserve to go to a cheap state school just because I won’t get any aid.</p>
<p>i’m feeling nauseous</p>
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<p>But…since your parents have long been earning more than $150k per year, there is no reason why they can’t pay for your education. F/A needs to be reserved for those who never had the means to pay.<br>
You made the comment about Asians being able to earn more than regular Americans. Well, the obvious question to you should be…how come your Asian folks weren’t able to save like other Asians have been able to do (And, I’m talking about Asian Americans who have earned a lot less than your parents)? My son’s girlfriend is Vietnamese. Her parents have always earned a lot less than your parents, yet they have an enormous savings.</p>
<p>BTW…if you think that Penn St grads aren’t able to be as successful as Ivy grads, then you’re being naive. And a state school isn’t a cheap school…students at state schools are also getting “aid” - the state’s taxpayers are footing most of the bill. The “tuition” charged just covers a part of the cost to educate at a state school.</p>
<p>Maybe state schools need to “wise up” and list what the "real’ tuition is for in-state students. Then it should “award” taxpayer scholarships to in-state students. Then, maybe, kids won’t think that their state school is a cheap school.</p>
<p>oldfort said…““Those athletes probably are generating a lot of revenue for the school(directly and indirectly). They deserve the money(scholarship), the amount of time they spend on it, it’s like a full time job.””…</p>
<p>Then that begs the question…Are the schools in the education business or the sports entertainment business? And for the state schools, why should we the taxpayers subsidize a collegiate sports business?</p>
<p>“how come your Asian folks weren’t able to save like other Asians have been able to do”
^we have. It took us almost 10 years to save 60k, but that wont be close to covering an ivy league education. and fyi, we live very frugally. I don’t know any other family whose income is as high as ours who bargain shops, and saves, and passes up various luxuries like we do. This is our MENTALITY, no matter how much we are making. and its still not enough to pay 50k+ a year</p>
<p>Stupefy, do you go to a suburban Philadelphia HS? My kids do, and I am trying to guess which one you might go to…There are some really competitive ones around here.</p>
<p>I think I’m about to…</p>
<p>College is a business, whether it’s public or private. Sports raise a school’s profile and increase alumni donation. Rutger’s popularity went up, even with instate students, after it started to do better in football. With more applicants, they get better students, acceptance rate goes down, and results in moving up in NSWK ranking. It’s good for the business.</p>
<p>OP, remember . . . if you work hard, all you are entitled to is</p>
<p>all of what you need
some of what you want</p>
<p>Kei</p>
<p>“It took us almost 10 years to save 60k”
OP, is that because most of your parents’ saving are into the downpay of the two houses. So the 60k is only the cash portion?</p>
<p>I understand that it is not easy to swallow 50k a year but it seems to me that you/your parents don’t want to pay rather than what you are claiming, which is not able to pay. 60k saved means you need to come with 35k a year, which means you have 215k left to live on a year before tax. How can you say with a straight face that your family cannot live on 215k a year in PA?</p>
<p>stupefy, please reread sueinphilly’s post [url=<a href=“http://talk.collegeconfidential.com/1063314953-post15.html]here[/url”>http://talk.collegeconfidential.com/1063314953-post15.html]here[/url</a>].</p>
<p>With an income of $250K and college savings of $60K, I have to believe that your frugal family could work out financing HYP without aid.</p>
<p>$50K/year, so one scenario for the yearly cost is:
$15K from savings
$5K from your earnings over the summer/during the school year
$5K Stafford loan
$15K from current (parental) earnings
$10K Parent Plus loan</p>
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<p>For some sports (especially women’s sports) in state schools, you are subsidizing a “sports business.” But for sports like football, you often are not. Many football programs (and maybe some basketball programs) not only pay for themselves, but they also pay for other sports as well.</p>
<p>“how come your Asian folks weren’t able to save like other Asians have been able to do”</p>
<p>“^we have. It took us almost 10 years to save 60k, but that wont be close to covering an ivy league education. and fyi, we live very frugally.”</p>
<p>No, you haven’t saved in the traditional “Asian way”…you’ve saved in the “bad American way” LOL (that’s a joke guys, don’t be offended.)</p>
<p>Something’s wrong in Denmark. You said that your family has long had a 6 figure income, yet you’ve only saved $60k in the last 10 years. And, you say you live “frugally”. Something isn’t right. Someone isn’t being honest with you. “Living frugally” means living on about $50k per year and saving the rest. Even if your mom has recently had to live in separate housing, that should only cost about another $20k for each of the few years that she has been earning a good living - if done “frugally”. If your family truly was “living frugally” the last 10+ years, they would have at least $500K saved…at least! Especially during the years that both mom and dad were working and making the really big bucks.</p>
<p>Hmmm, I have lived frugally on $25K or less for years. No, I have no college savings, but I did sI fupport my D and I. with another $225,000 or so…I think I could shell out a few dollars.</p>
<p>IMHO</p>
<p>do you guys not understand the concept of taxation? 250k income doesnt mean you get 250k cash…taxes add up to about 1/3 of the average income. so its more like 160k a year</p>
<p>“Stupefy, do you go to a suburban Philadelphia HS? My kids do, and I am trying to guess which one you might go to…There are some really competitive ones around here.”
Yes I do. and yes there are a lot of competitive ones. Mine is not the most competitive, but we are in one of the best districts. EDIT (confidentiality)</p>
<p>Please be careful when posting personal information (such as your schools or location). Just an FYI.</p>
<p>^good advice, I wasn’t being careful. Thanks</p>
<p>If a person has substantial assets, does it even pay to file for financial aid ?</p>