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College and University Discussion
Reply to "Is college aid process biased against prudent savers?"
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[quote=Anonymous] We came into enough money when our kids were young (through employer stock options) to pay full freight at even a high priced college. We put the money in 529s rather than taking lavish vacations, buying a bigger home or second home, fancier cars, etc. etc. Does this mean that we will be expected to pay full freight while folks with big mortgages and car loans and extravagant lifestyles will get a discount? Oldest is a sophomore so we are new to the college process. Just curious how the financial aid thing works. Also, if you have multiple kids in college at once, is that factor considered, or are you expected to liquidate assets to pay?[/quote]
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