Reply to HHI & Full Pay Threshold

Forum Index » College and University Discussion

Reply to "HHI & Full Pay Threshold"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]OP, you can't determine what you will pay by income alone. At some elite schools that don't consider home equity, an income of $200-250K may give some aid. Our income is $219K. For our family, Duke was a no-go, our EFC was $65K. He wanted to apply even though we checked the NPC, which ended up being accurate. But Stanford is $44K plus our son is expected to contribute $3K per year (no loans offered) for a total of $47K (EFC). We told him our cap was $45 per year for any school. Anything above that he would have to take out a subsidized Stafford loan ($5500), merit, and/or work PT. He got no financial aid from OOS public schools, only merit. He didn't apply to any public that wasn't known to give merit or was above $50K OOS/in-state.

We have 401ks, modest savings, stocks/investments under $20K, 529 to contribute $20K per year, and 500K+ home equity. We plan to cash flow for the remaining balance. We didn't start making more than $150K until he started 8th grade. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics