Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous]If you are UMC (which in the DCUM area means an income above $150,000) you have three options:

1.  Go instate.  Generally very affordable if you have been saving a reasonable amount even for people who could not begin saving for college until they had finished paying their own graduate school loans and finished paying for childcare. 
2.  If you have been able to save aggressively you might be able to fully fund a $70k x 4 college education from savings and paying as you go but if you do this you cannot really help your child much with graduate school.
3.  Apply to colleges that cost somewhere between $30k a year instate and $70K a year.  There are two types of colleges that fit the bill.  OOS publics which are great for students who don't mind a big school  The second include schools in the midwest and south that are more reasonably priced or which offer merit aid for highly qualified students.  The latter aren't generally top tier schools.
So yes you have options if you are UMC.  It gets trickiest if you have a really bright kid who would thrive in a top 25 school and who also wants a SLAC.  Not too many schools for these kids.  
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