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Money and Finances
Reply to "college savings were less than i thought. "
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[quote=Anonymous]Please do not look back because that is not productive. Just start where you are today. I do not think the immediate situation is as bleak as you think, but you say nothing about your expectations, the kids' dreams or talents, and you have yet to fill out the FAFSA, which will determine the amount schools think you can pay (expected family contribution). You do not need to pay full freight for the best school in the land (however you define that). Here are a few points to remember: Many schools offer financial aid, whether scholarships or loans. Any chance one or more of your three could get an academic/merit scholarship or aid for a sport or talent? Many kids work at least part-time to pay their college costs. Some teens works summers and even part-time during the school year to save a bit for college. Not every school costs 80k per year for everything. Have you planned to cast the net widely in terms of public institutions? Smaller privates that might really seek out your kid? Some argue that their best plan is to have kid attend community college for two years to save money, then transfer for the baccalaureate. Are you asking kids what career paths they are considering? Are you touring schools? There's a lot to unpack, and I realize you just got distressing news. But you can work hard now to determine the path forward as a family. Good luck!![/quote]
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