Originally Posted by Anonymous
Originally Posted by Anonymous
Originally Posted by Anonymous
[quote=Anonymous]Seems like he was adding his personal insight and expertise to a topic. I would say Congratulations are more in order.


It sounded fair to me to rip this idiot.

Let's move onto something useful. We are a California family, and our son is an Ivy recruit. We were encouraged to fill in our details on this link:
http://www.princeton.edu/admission/financialaid/estimator/

Your Estimated Princeton Aid Award

Based on the answers you provided on the Family Information Worksheet, we can give the following preliminary information about your financial aid eligibility at Princeton:

I. Princeton's Estimated Costs for 2014-2015

Tuition $41,820
Room 7,570
Board 6,050
Books and Personal Expenses 3,525
Travel 1,100
-------
Total Estimated Student Budget $60,065

II. Your Estimated Family Contribution

Parents' Contribution $6,100
Student's Expected Summer Savings 1,600
Student's Asset Contribution 30
-----
Total Estimated Family Contribution $7,730

III. Your Estimated Aid Package is $52,335

Grant Funds $49,435
Student Loans 0
Campus Job 2,900
------
Total Estimated Aid $52,335

$50K is a lot more than I would have hoped for given we are middle class.


So much for us idiots that went to mediocre colleges, worked our asses off, made big money and saved it for our kids college educations. This country is just [lacrosse] backwards. There is no reason you should be handed that kind of money, go work! What an absolute disgrace, welfare for education... Disgusting.
That money comes from the endowment. Princeton has one of the biggest in the country. The alumni give back to the school. What is disgusting is that most schools raise tuition every year because they offer more money in federally subsidized loans as part of their financial aid package. If the kid defaults, the loans are backed by the federal government. The school already got paid for the tuition. Now the taxpayer has to pay for it. Just add it to the federal debt. Ok back to lacrosse. [/quote

That endowment is allowed to grow tax free, hence the rest of us are helping to fund the schools "good deeds". They also pay zero taxes on every nickel they take in. Make no mistake, it is at the tax payers expense. As well as at the expense of families who are hard working and financially responsible. They just happen to be one in the same.