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College and University Discussion
Reply to "UVA - Actual amount paid for in state?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have an HHI a bit under $200k but our house has gone up in value from $600k when we bought it to nearly $1M, so we are donut hole and very much unlikely to get aid in a couple years, and W&M is one that DC is currently quite interested in (in 10th, so things could change). It’s a little scary, honestly. [/quote] Didn’t you save for your DC’s college? I don’t get posts like this! W&M shouldn’t be a stretch for someone making almost $200,000, even if you have to cash flow part of it. [/quote] Most people with high school aged kids preparing for college didn’t make their current salaries their whole lives. Many people who have kids in their early or late 20s are just now getting to their money making years. But I agree, with 200k, you should be able to cash flow one kid at WM. Two gets tricky. [/quote] I understand the salary would not have been this high in their 20s. However, you still SHOULD have saved since year 1 if you were planning on college for your kids. If you have saved monthly for your 16 year old kid, even if a small monthly amount, you should now be able to cash flow the remaining costs on $200k HHI. If you didn’t save at all, then I have no sympathy. Sorry. Take out loans or something.[/quote]
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