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College and University Discussion
Reply to "College financial aid for solid income earning households"
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[quote=Anonymous][quote=Anonymous][b]2nd and third tier private schools give a lot of merit aid[/b]. Don’t dismiss them out of hand. Schools take the number of kids you have in college at once into account. But 400K is a lot. Your husband should try perhaps to cut back on expenses. Plus remember, you continue to save for college while your child is enrolled.[/quote] This is not true. My kids got $25k, max, in merit aid from private colleges. My kids were excellent students with test scores to match, but they didn't get big $$ from mid-tier private colleges. That money is reserved for kids who are at the very top academically and for top athletes. Today, that means you'll be spending $60k per year to send your kid to private, mid-tier college, VS under $30K or less to send them in-state. In a few years, that price tag will balloon even higher. $100K to go to Connecticut College? Or Juniata? No thanks. [/quote]
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