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College and University Discussion
Reply to "What money is fair game for financial aid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 2.5million in assets and close to retirement, you can say we have the money but it would be financially irresponsible to spend 40k for each of our 3 kids. However, the tops schools think we can afford to pay without aids based on our assets[/quote] At a very modest 4% post-tax annual return, your assets will bring you $100K/year. Yeah, you can afford it.[/quote] I can afford To spend 80k out of 100k/year for 8 years for colleges??[/quote] You have an income from employment, correct? [/quote]
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