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College and University Discussion
Reply to "Newly donut-hole family"
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[quote=Anonymous][quote=Anonymous]Running the school calculators, based on our current income (260K), our child will not get any money until his brother enters college in 2 years. We have only made this income for 18 months, prior to that, (although 2 full time incomes, one was quite low because of family obligations) we were in the mid 100s Can we get this accounted for at all? Son is a jr with pretty perfect stats (but no real hook, just a well-rounded smart kids, like a lot of others). I know how this post will come across to some people, but it seems to me like [b]the expectation that we could have saved 70K for each year of school is based on the fact that we have made this for a significant amount of time,[/b] and I'm wondering if there is a way to counteract that. We are in our early 40s. [/quote] I'm afraid your situation is common. We have the same HHI (roughly) but when we began saving for college when our kids were babies, it was maybe 1/3 of that. You will not get FA. Even when you have two in college, you won't get FA.[/quote]
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