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Fairfield WBB: The Most Dangerous Mid-Major in the Nation
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[QUOTE="stamfordhusky, post: 5076808, member: 649"] It depends on your definition of "need" and whether parents in the middle class - who can afford the freight but might not want to pay a hefty sum - are willing to pay the costs. Here are two examples estimating what it would cost a student-athlete's family for one year at Harvard, calculated for family incomes ranging from $100,000 to $300,000, using the Harvard website's cost calculator. The first example assumes the family has very few assets other than perhaps a house (which doesn't count in the formula). The second assumes a reasonable amount of assets available but not a very large amount. Both assume there is only one child in college. Gross Income / Fin. Aid / Net Cost of Attendance EXAMPLE 1: 100.000 / 79k (aid) / $[B]8k[/B] (cost of attendance) 150,000 / 66k / [B]21k[/B] 200,000 / 39k / [B]48k[/B] 250,000 / 20k / [B]67k[/B] 300,000 / 0k / [B]87k[/B] EXAMPLE 2: 100,000 / 49k (aid) / $[B]38k[/B] (cost) 150,000 / 36k / [B]51k[/B] 200,000 / 9k / [B]78k[/B] 250,000 / 0k / [B]87k[/B] So, for example, a family with a reasonable amount of savings and a combined income of $150,000 would be expected to pay $51,000 per year. That would decline if there were other kids in college. Families who were foolish enough to save a lot of money - and not put it into a huge house - would be expected to pay more. [/QUOTE]
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Fairfield WBB: The Most Dangerous Mid-Major in the Nation
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