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Reply to "How much can we afford to contribute?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much in college savings are they looking at? We have 3 kids, no cash savings, but the kids have 529s (just abt $60k each). No aid for us I assume?[/quote] Even if you liquidated your 529, 60K could pay for what? A year and a half of tutition? So no, I don't that rules you out of financial aid. They are looking to see if you can pay tutition for 12 years (if starting in K), not if you can pay for one year.[/quote] I thought we could draw 10k only for K-12? I put in our 529 but wasn't sure how the schools use it in the calculations.[/quote]
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