Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our HHI is $400k. We have one child heading to college this fall. They will be using the GI Bill. Contributed to 529 since birth. We also have a rental property that generates $4k a month (15 year mortgage that was paid off 7 years ago). The mortgage on the house we live in is $2500 a month. We are pretty frugal - no car payments because we don't need fancy new cars every 36 months. [/quote]

Want to make it clear that we only have one child. [/quote]

And $400k and GI Bill. It’s not about your cars. Lord the tone deafness of this thread. We make $300,000. This is recent. We had enough in the 529 for oldest DS’s freshman year. Sophomore year we paid cash, though I will say paying monthly rent and a lower meal plan made it easier. Well do the same Junior and senior year. Younger kid will start college after older graduates, so we’re dragging it out and that doesn’t help with financial aid. [/quote]

It is about cars and spending habits. There will be quite a bit to factor into the question OP asked. If we didn't have the GI Bill (which I am extremely grateful for) we would still be able to pay for our child's college costs. Because of our choice to have one child and to manage finances the way we did and do.[/quote]

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