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[quote=Anonymous][quote=Anonymous][quote=Anonymous]XH and I share 2 kids and he remarried and had 2 more.  We are both putting money away for our 2 kids’ college but it’s not very high.  It’s enough for our 2 kids to go instate comfortably and not take any loans.

We each are solid income earners (right around the $200k mark each) but household expense (especially for him) is pretty maxed out.

My oldest is a solid student and I’m sure she will have aspirations to explore out of state schools (she’s a sophomore).

I shudder to think she’ll want to go to a private university because on the face of it, it’s not affordable.

However, I admit I’m a bit in the dark as to overall financial aid process so am not sure what options we would have.  Outside of loans, would private colleges offer any other sort of financial aid?[/quote]

You might get a lot of needs-based aid from a few really rich schools, like Princeton. Probably not that much from most others, but try putting numbers into “effective family contribution”calculators. They were pretty accurate for us, and the numbers were better than what I’d feared.

Otherwise:

1. It sounds as if you actually have lot saved. Take pride in what you have done.

2. Help your children understand what you think you can contribute, and talk about sources of uncertainty.

[b]3. Private schools and out-of-state schools might get their after-aid costs to what the state flagship charges[/b].

4. Other ideas: the Coast Guard Academy, ROTC, schools that are naturally unusually cheap (example: Brigham Young); English-language bachelor’s programs at universities in places like Greece; or even local language programs, if your children are fluent in other languages. [/quote]

This is OP and thanks for all this!  Regarding the bolded, can you please explain this?[/quote]

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