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[quote=Anonymous]"Wondering how much you were planning on contributing towards your children's college education. We make about $275K per year and have $3M in retirement assets so I'm assuming we won't get a dime of aid. We currently have saved $220K which I thought would be enough..but now DD is contemplating medical school. DD is a HS junior and if we want to pay for medical school, we need to start savings NOW. We also have child #2 that's 4 years younger who also has $220K in college fund. Hopefully, he doesn't want to go to grad school :/."

If both kids were in high endowment, expensive colleges at the same time, you would qualify for about $20k in financial aid each year they overlap.

Another question is if attending a high endowment, expensive college is helpful or harmful in med school admissions?

My very casual understanding suggests that it's harder to get med school level grades at a tippy top school.

It has been suggested that even if you have the grades from the tippy top school, students end up competing for the limited number of med school slots with other students from their own school.

Look into it, each school and med school likely have their own admissions quirks.[/quote]

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