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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]I think the above math is off, elite colleges are 75/80k per year, not 40k so 3 kids would cost PP $960k right?[/quote] I assume their income is not super high, but they have significant assets, so the college calculators showed them paying $40K/year per kid net. Possibly that also includes some overlap where 2 kids attend college at the same time. FWIW, we had about $250K HHI, and when we only had one kid in school we got nothing. However, when we had two in college, one of the top schools gave us $20K financial aid in grants, not loans. The younger kid is attending in-state, so our total costs were almost the same between one and two in college. That's why I don't believe in donut hole BS, there is no such thing for top schools. [/quote]
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