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College and University Discussion
Reply to "When the reality of college cost hits. Cannot do dream school."
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[quote=Anonymous][quote=Anonymous]My niece got into her dream school, an Ivy. Cannot make the numbers work, two-teacher family making just over 200k, expected to contribute 75k per year (roughly 20k per year in aid), have two other kids (twins three years younger), sizable medical expenses. They simply bought a home at a good time and have a lot of equity, ruining financial aid calculations, and they aren't selling their house to pay for college. My sister is heartbroken and feels like she failed her kid. This is not a good feeling. [/quote] Maybe it’s a good time to sell the house. Nobody knows if the real estate market will go south in the next few years. They can downsize or rent. [/quote]
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