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by JDiculous 2351 days ago
I'd be that most Ivy League students have parents making more than $130-150k combined, probably substantially more. That's only a middle class income, and at least anecdotally most Ivy League students I know tend to come from upper class families.

Tuition alone is $50k/yr, which would equate to $250k for a 4-year degree not accounting for living costs. Even at 50% off the sticker price, you're looking at over $125k in debt upon graduation.

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That is twice the average household income in the US. Less than 20% of all households have combined earnings over 130k.

You may want to reassess your understanding of middle class.

> Pew Research Center defines middle-class or middle-income households as those with incomes that are two-thirds to double the 2016 U.S. median household income of $57,617. According to this formula, Pew determined that middle-class Americans have incomes ranging from approximately $45,200 to $135,600.

Call it whatever you want, but there's a huge difference between $135k/yr household income split among 3 kids in an expensive metro area where a house in the suburbs costs $600k+, and $300k/yr with 1 kid in a low cost of living area.