Reply to No financial aid for middle class at public college???

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[quote=Anonymous]So you need to make up $15,000 for each student

-each kid takes out full subsized and maybe some unsub federal loans. This will be a manageable debt burden for a young person with a moderate work ethic and a family safety net.

+$5,500

-each kid works full time in the summer and lives at home to limit expenses

+$5,000

-each kid works 10 hours a week during the school year to cover their own expenses (they won't qualify for work study because your family is wealthy)
+$3,500

So you need to cover an additional $5,000 for each kid. A good student who is diligent about applying for scholarships should be able to come up with at least $1,000. They could take out some additional unsub federal loans (these loans do have good protections for borrowers). You could take out some parent plus loan money. Do you have nothing saved for them? Even if you don't have any money saved, I think you could cover the balance with some minimal belt-tightening.

Other options would be attending a college where they can live at home, doing a 2+2 degree where they start out at a cc and then go onto a state college. They should be applying to some private colleges that give generous merit aid and where they will be in the upper range of candidates.
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