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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on which state you live in OP. If Va, then I would chance public college. [b]If MD, UMD isn't as good as the VA options[/b]. If DC, you can get the $10k a year TAG money for public colleges around the country.[/quote]

You are out of touch. UMD ranks far above most VA colleges.

OP, private colleges are usually generous with financial aid, so if your local HS is not to your liking, you should spend the money there.

[/quote]

FA is available for families with HHI under about $100K, although it depends on a family's particular situation, number if kids in college, et cetera. It also depends on the university's endowment. You won't get any credit if the federal FA forms for having a 2nd kid still in private school. If your HHI is $50K or less you will probably get a lot of federal and college FA, although some or much of this may be in the form of (subsidized) student loans. Between $50-100K (these are really rough numbers) the FA dwindles, and don't expect any if your HHI is $200K. They don't include your 401(k) in the resource calculation, though.

Some colleges are generous with merit aid, which is different. The ivies don't offer merit aid, by some agreement among them.[/quote]

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