<p>Unfortunately, you can’t really see the figure, but if I remember the numbers correctly, the average income for a family was in the range of $200-$300 thousand. They broke it up by race, too. White families earned the most. Even URM families averaged close to $200 thousand.</p>
<p>I forget the number but somewhere between 40-50% of the students are on financial aid.</p>
<p>Supposedly, the numbers were found to be in line with our peer universities, though. I don’t know those numbers, however.</p>
<p>Hey kids, I’m a grown up, and let me explain something about owning a small business…it costs a lot of money. Consider employees, insurance, equipment, leasing office space, and on and on. Don’t assume that because someone is a small business owner they are rolling in money.</p>
<p>Someone mentioned that income brackets are the same anywhere you lived…and that is definitely not true in real life. As far as taxes go, the government, and any kind of census data, yes a person making $200k in California is the same as a person making
$200k in, say, Mississippi or Oklahoma. However, cost of living is dramatically different, and therefore the family in Mississippi is able to afford many more luxury items and expenses in their life than the family in Silicon Valley. </p>
<p>Another thing to consider is that many people live wayyyyyy beyond their means. They take out second and third mortgages to pay for that fancy expensive college, are in credit card debt up to their necks so their kids can have $200 pair of jeans and louis vuitton bags, and lie awake at night worrying about how the heck they’re going to pay for everything. </p>
<p>Whatever your families can or can’t do for you to go to college, DON’T go into major debt to pay for it yourselves!!! An expensive private school may look good now, but in 10 years when you’re still paying $1000 a month (or more) to pay off those loans, you may regret it.</p>
<p>if we’re going by mean income of parents…i have to go with HYP. they have great finaid, but a handful of the students are there because their parents are royalty or insanely rich. a greater % of kids at LACs might be wealthy, due to lesser finaid, but the wealthy kids at HYP are rich to a much higher degree.</p>
<p>Not true Choklitrain, the very wealthy schools like aome of the ivies are not even close to the most affluent schools in the Country. These schools are giving to everyone from the poor to the upper middle class. Most private colleges simply can’t do this so have many more wealthy kids.</p>
<p>Do ivies have plenty of wealthy kids? Yes, but look ust a bit below them where a half million can still buy your way in for schools with a majority of wealthy kids.</p>
<p>honestly i think a handful of super outliers would put HYP on top, because the children of middle eastern shahs or whatever tend to show up at these schools, but i’m not gonna argue with you because i couldn’t find any good data on the subject.</p>