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[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]
My understanding is that retirement assets will be off limits. But out of 2.5M (and you apparently have a current income on top of that), you can, theoretically, afford to spend $1M full pay (80k/yr for 3 kids).

Whether that's a responsible use of your money is an entirely different question. My opinion, it would be prudent to plan at least 40k/yr if you want your kids to be able to choose privates ranked beyond top 50 [i]after being awarded merit scholarships[/i]. For slightly lower prices, in the 30s, look at your public options in state. For getting down below 20k/yr, you are looking at huge scholarships approaching full tuition, such as U Alabama. Room and board alone will be 15k/yr at most places.[/quote]

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