Reply to Do families with $250K in income get financial aid? If not, how do they afford college?

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Reply to "Do families with $250K in income get financial aid? If not, how do they afford college?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Question says it all. I have been hearing all of my friends who are federal government workers saying their kids are not eligible for financial aid. But I don't think this is enough $ in income to afford $70K in college costs per kid per year. And it's not as though these families had extra income before their kids went to college - in this area, a mortgage, saving for retirement, and cost of raising kids will eat up all of that income. [b]Where does the extra $ come from if they don't get financial aid[/b]?[/quote]
We got a 15 year mortgage so that when kids started college we would no longer have a mortgage payment.  The cash flow that used to go to mortgage payment goes to tuition. 
In addition, every bonus went to paying off cars.  After cars paid off, the amt that was a car payment went to 529s.  We have historically kept our cars for a long time so that we have a bunch of years with this model.
It might not work for everyone, but it worked for us.[/quote]

We did this too. [/quote]

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