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[quote=Anonymous][quote=Anonymous]Our EFC is about $60000!!!  There's no way we could afford to pay that on our HHI, about $200K, give or take $15,000 or so depending on bonuses.  We only have enough saved for about $25,000 a year per kid.  There will be a one year over lap when they are both in college.

Did anyone else have an extremely high gap between their EFC and what they actually saved?  I don't know how we're going to do it.[/quote]

Most of the people I know with $200K incomes are paying a pretty significant amount of money on things like extracurriculars and food for the kid, that won't be a factor when they go away to college.  When these expenses stop, plus saving for college stops, they're able to find another $1K or so a mont in their budget.  Add on student loans, and whatever the kid can contribute and you're at like $45K.  Your kid should have lots of good choices at that level.

If you really can't cashflow any expenses then choose a state school or a school where your kid qualifies for merit aid.  If your kid works to pay for books and daily expenses, and takes out the maximum in government student loans (not parent loans, IMO that's too much debt) and you contribute $25K, you'll still have a number of choices.  [/quote]

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