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College and University Discussion
Reply to "S/o don't financial aid offices penalize families who are capable of saving but who choose not to?"
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[quote=Anonymous]"My sister sent her kids to private schools and 8 weeks of sleep over camp. They live in a home that costs 2x what ours does. We have similar income. They are qualified for considerably more aid then we are. They also got aid for the private schools and (religious) camps." For years, my wife said almost the same thing. When we finally got to college, the biggest savings any of the kids got was a merit aid grant because the school they fell in love with was in the middle of nowhere. Advantage us. The next biggest savings was because our DC are two years apart and overlap two years but theirs are three years apart and only overlap one year. More advantage us. The biggest piles of aid "left on the table" were both in my sister-in-laws family because neither of my nephews would even consider going to a "religious" college. (not that any of them were actually that religious) While none of our kids went to an in-state school, ours were much more worried about the price of the school they chose because that is something all their friends were comparing. Then the value of their house was counted against them at the schools that wanted CSS profiles. Yes, their EFC was smaller than ours but theirs was still large enough so they had to pay the full bill when only one DC was in college. At the end of the day, the amounts paid were so close that my wife and sister agreed it was impossible to figure out who paid more to send two kids to college. [/quote]
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