Reply to High income but 3 kids in college at once- financial aid

Forum Index » College and University Discussion

Reply to "High income but 3 kids in college at once- financial aid"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Op Back - Wow I did not expect this many responses.  As I said we just started making this income recently.  Before that it was less and we do not have significant savings.  There is no reason to expect it will go up.  We do not have a huge mortgage.  I drive an old car.
I will say our 3 kids have tons of expensive activities and life in DC is expensive and for the first time we feel not under water.

When we look at the numbers even if private colleges are not 80K lets say just 70K with all three in school at the same time (which they will be for 3 years) that is 210K per year which at the current tax rate is almost all of our after tax income.  I understand that they do not HAVE to go to private.  We live in MD and there are less good public options, so it seems likely that private college/universities are a possibility.

I understand that we now make what is a lot of money.  I was merely asking if the schools look at how long you have made a certain income and how many kids will be in college at the same time.   I am not feeling sorry for us- I understand how fortunate we are to now have this salary.  It is crazy how much college costs.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics