dp.. our AGI in 2022 was $160K. We ran the NPC for a $80K school. We got zilch. We had $140K in the 529 for DC plus some cash savings that was going to go into our 401K and for our retirement reserve (it was like $200K). We are in our mid/late 50s. I guess the expectation is that we should wipe out our savings for this one kid (we have more than one) to pay for college. Screw the other kids, I guess. |
We got nothing. |
We have 160k gross income. 200k savings. About $500k each in retirement. Low mortgage. We got $0. |
You're just out of med school residency and have an 18 year old? |
There are thousands of colleges. Of course he would get in somewhere. Regarding "merit" aid it's a MSRP coupon. |
Merit at OOS publics. No need-based |
Donut hole is a fake term for people who didn't save. You could have saved but choose expensive cars and housing. |
That's not fair to force a child to do a gap year. You save, reduce your expenses and have your kids go to a state school. |
She’s baaaackk |
oh, stfu. We saved. $140K to $160K per kid. But that's not enough for the majority of oos, let alone private. Yes, they can do in state, but that's not the point of this thread. |
True merit has nothing to do with your ability to pay and is based on your abilities, qualifications |
Yes, that is the point. The point is how much aid did you get at a high income. You can comfortably pay for a state school. |
No, the point of this thread is "if you HHI is $250K did you get any FA". The answer is "no", we didn't, even with an AGI < $250K. |
Oh, hush. College is like $100k a year. 100/250 is not insignificant. |
is this gross income or AGI? |