OP, in case you're still reading, don't assume that your kids will want to attend their other country's education system, or would do well in it. My kids are dual citizens but don't want to, and would not succeed in, their other country's university system. It's VERY different. I'm not even sure they would be able to register, it's very complicated for expatriates. My oldest is at George Washington University, current cost, $85k a year. UMD is 30K a year. UVA is closer to 40K. All these are total costs of attendance: tuition room and board, fees, etc, and they have historically rose faster than inflation. Also, bear in mind that the other country may also get a clue and start charging more for their education! Sorry for being harsh, OP, but you sound naive. You really need to move to MD or VA and enroll your kids in MCPS or FCPS. These are excellent school systems, way, way better than DCPS. One of my kids has special needs and MCPS was better for him than any private (SN or otherwise). Save up for retirement and college, because you don't know what the university landscape will look like in 15 years. |
^ I wasn't clear. If you stay in DC, your kids are not eligible for in-state tuition at any state university or college outside of DC. It's very important for DC families with financial needs to consider whether moving to MD or VA will cost them less in college tuition. If you send all your kids to FCPS, then they get into UVA, for example, you're golden.
|
Do you both work?
My spouse makes around $275k, but I have a job at $200k so we can afford stuff. If I quit my job, I’d have a lot of free time and then could ask for aid too. Sigh |
It sounds like you have a bunch of investments / savings for college?
Schools look at that $ as fair game for paying for school. So even if you HHI is in the high 200's - if you have a chunk put aside "tagged' for college, they will expect at least some of this to be on the table. |
Regarding OP versus your hypothetical family, I wasn’t aware it was an either/or. The extent of a school’s resources and the number of qualifying applicants is obviously going to vary. I have seen FA pages reference incomes up to 300k as qualifying under different circumstances, so I don’t think OP is outside the range of normal. And the question was whether multiple kids would affect aid eligibility. That at least sounds like a straightforward yes. |
They impugn income for non working spouses. |
Sorry, what now? |
DP but many schools will impute a theoretical income (not super high — $30k or so) if a second parent is not working, so that would get counted against hypothetical aid. That said this often doesn’t seem to apply until all children are school age. |
Oh, input. Thank you. I couldn’t figure out how impugning the income of someone who doesn’t have one made sense. |
I would second the importance of leaving DC and moving either to VA or MD to manage college costs.
While I do not think anyone can treat admission either to UVa or to UMCP as a "safety", each state has other good public university options. Purely as an example, VA also has VPI, W&M, VCU, UMW, JMU, ODU, GMU, et alia. Maryland also has UMBC, Salisbury, etc. |
They can go to a cheaper catholic for k-8 but yes it’s possible. Their take home is more than that. |
We both work! |
Thanks for the input all-thoughts to consider. |
4 kids. Public school for K-8. Independent Catholic school for HS. We received about $10k FA per year when 2 were in HA at the same time (HHI 210k). |
What was your total tuition cost per child in highschool? |