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[quote=Anonymous]I'm beginning to try to plan ahead for college. I have a 6th grader and see the stats about private college costs per year now being more than $60k. With a $225k HHI and a little bit of non-retirement investments, I'm guessing it's unlikely that we'd qualify for any financial aid except perhaps a few thousand bucks in student loans. So.. wow, how do people manage this? There must be ways to lower this price tag. My kid's not going to get an athletic scholarship - but it's hard to imagine people really paying $60k per year. Do private schools offer any merit aid for academics, etc? Do families cobble together smaller scholarships ($500 here, $1k there) to knock down the price? 
We have a 529 for DC but we'll be lucky if there's $100k in there by the time our 12 yr old goes to college. (We have younger kids, too). It's surprising to me how much college costs have risen. Even after accounting for inflation, the private college I attended is still almost $20k more expensive in real terms than when I went 20 years ago.[/quote]

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