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Originally Posted by UGAalum94
Thanks for all the info. It's interesting to think about.
I think that most of the student I know who are looking at colleges are from an income bracket where they won't seem to have that much need on paper for college generally, but, unless your parents have saved a ton of money for you, who can really afford 50,000 a year for an expensive private?
I'm sure the information they fill out reveals that though and then can pick up some grants and lower interest loans.
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A lot of people, it seems. At my undergrad, only about 40% of students received financial aid when I was there; most of that 40% were still middle to upper-middle class. That meant that 60% of students had parents or grandparents forking over the $35K a year. There were no merit scholarships--neither academic nor athletic.
Now, I think it's more 50/50, with more students who could be considered working or starting class.
There are definitely other schools where a lower percentage of students receive assistance, and tuition is about the same or higher.