Reply to S/o don't financial aid offices penalize families who are capable of saving but who choose not to?

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Reply to "S/o don't financial aid offices penalize families who are capable of saving but who choose not to?"

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[quote=Anonymous][quote=Anonymous]I was saving for my kids schooling until 2011 when I was diagnosed with stage 4 cancer.  That 10K a year I was saving has gone to medical expenses since then.

Oh, and my 200K HHI is not getting DD Any aid.  We have about 40K saved, that will cover the first year at a state school.  I[/quote]

Is your kid going to college in the Fall or are you just assuming. Again financial aid can vary widely. Algorithms for this are different at every school. Also you can appeal financial aid awards. If you have high medical expenses that should be flagged in your application.

Also wouldn't you cash flow some of the college expenses? We are a 200k family and pay 35k using a combo of cash flow and 529.

From my experience, state schools can be less generous. I'd highly recommend the Facebook group Paying for College. There are lots savvy people out there that identify schools with merit and generous financial aid and only allow their kids to apply with that in mind.

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