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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have seen what UVA posts as their tuition and room/board on their website.  A co-worker of mine, who is in the same donut hole that I'm in for college, said that colleges just have that as list price but no one pays list price, except for maybe foreign students.  It got me thinking and I want to ask, if your son or daughter goes to UVA, and you make over $300k, do you pay list price (what UVA posts on their website) or do you pay a lesser amount?

Curious minds want to know![/quote]$300k HHI is not “donut hole”.  You have had nearly two decades to save.  College tuition is not a surprise and is not meant to be cash flowed.  [/quote]

OP here.  There are a few responses that I would like to address about a misconception that we did not save.  We have 529's and they are funded with about $160k, maybe not to the satisfaction of DCUM but I think we are in decent shape.  We also weren't making $300k all of our careers, which I know the judgey judgey people will bring up that we should have saved more.

I'm here, admittedly asking a dumb question in many of your minds, but I'm learning and getting myself educated.  My co-worker was obviously wrong about list price vs discounted price for UVA but it sounds like there are some privates that play that "JCP and Bed Bath Beyond" game as a previous poster wrote.

For what it's worth, my kid needs to get accepted into a school like UVA which is a task unto itself so I recognize that but I'm trying to get my head around the cost of everything college related to see if we need to keep adding to the 529 or accelerate our retirement savings.   
[/quote]

Most of us here probably are like you -- haven't been making $300,000 our whole careers and have some savings in 529s. That's my profile, although the $160,000 was spread for two kids (for one, that's more than enough for UVA).

I have a kid at UVA. No aid. Full pay, although I do have a prepaid tuition play that I locked in when she was a HS freshman, so her actual tuition and fees is about $16,000 a year. Room and board is another $15,000.

She'll graduate debt free. She got an RA job for years 3 and 4 when the Invest account hit zero.

My other is at VT. I have his four years covered but will either cashflow years 3 and 4 for room and board, make him take a small FAFSA loan to help cover it, or he can do the same thing as his sister (which he won't want to do).[/quote]

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