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College and University Discussion
Reply to "any surprises in terms of financial aid for upper middle class kids?"
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[quote=Anonymous][quote=Anonymous]NP: forgive the rookie question (parent of a middle schooler) but how do you start to figure out which schools are likely to give your child merit aid? We are around $150K HHI right now and expect to have around $80K in a 529 by the time DC1 reaches college age. Obviously not enough to pay full freight and probably too much income to qualify for much (if any) need based aid. So how we begin to figure out which schools might give our kid some merit aid? Do college counselors help with this? Thanks.[/quote] Start with this book: https://www.amazon.com/College-Solution-Everyone-Looking-School/dp/0132944677/ref=sr_1_1?s=books&ie=UTF8&qid=1491244397&sr=1-1&keywords=the+college+solution and website: http://www.thecollegesolution.com/ Google name of school + merit scholarship. Look at Kiplinger's best value schools. Look at the Common Data Set for each school as directed by the author of the book. Astonishingly (to me), most people are clueless about this. There is a method to the madness - you just have to learn and apply it. When acceptances and merit and FA offers come in, they should not be a surprise. If they are, you have not done your homework. [/quote]
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